20 Jul
Chapter News, News, Trade & TTIP Related

U.S. Department of Justice | Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses in Less Than One Year

Enforcement Milestone Marks Strategic Pivot from Administrative Fines to Criminal and Civil Accountability Across the Global Supply Chain The Department of Justice announced today that the Trade Fraud Task Force (TFTF), launched in August 2025, with the Department of Homeland Security (DHS) has surpassed $1 billion in civil and criminal recoveries, penalties, forfeitures, and publicly charged losses in less than one year This milestone reflects a fundamental shift in the federal government’s approach to customs and trade enforcement, emphasizing rigorous...

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17 Jul
News, TRIA News

EIB | EU Global Gateway Strategy: EIB and BIIC Strengthen Strategic Agricultural Value Chains for Benefit of Benin and Europe

EIB and BIIC deploy €100 million in financing, guaranteed by European Commission, in support of agricultural value chains that are key for Beninese economy and European industries. Operation strengthens strategic sectors – cotton/textiles, soya and cashew – that are essential for agro‑industrialisation and job creation in Benin and for security and diversification of EU supply chains in line with the EU Global Gateway strategy. Financing agreement signed under “Women for Stronger Communities and Growth” initiative to support economic...

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17 Jul
Member News, News

PKF O’Connor Davies | IRS Introduces Automatic Penalty Relief: What Taxpayers May Be Giving Up

The IRS is introducing a new Automatic Exemption from Penalty (AEP) program that will begin replacing its longstanding First Time Abatement (FTA) administrative penalty relief for eligible returns with original due dates on or after January 1, 2027. While the change is designed to simplify penalty relief by automatically waiving certain penalties for qualifying taxpayers, it also creates a new strategic consideration that many taxpayers and advisors may overlook. How IRS Penalty Relief Works Almost every taxpayer has missed a tax...

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17 Jul
Chapter News, News

ECB Selects 36 Payment Service Providers to Join Digital Euro Pilot

The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical functionality and operational processes, as well as for refining user experience. The pilot aims to support the ongoing preparatory work for the potential issuance of a digital euro, and is due to start during the second half of 2027 for a period of 12...

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17 Jul
Chapter News, News, TRIA News

Trump Administration Secures an Additional $100 Billion U.S. Semiconductor Manufacturing Investment for a Total of $265 Billion from TSMC

As a result of the historic deal related to U.S. and Taiwan Trade and Investment announced in January 2026, TSMC has just announced an incremental $100 billion investment for a total of $265 billion in the U.S. This investment will result in four additional advanced semiconductor manufacturing facilities, bringing the total to 12 leading-edge semiconductor and packaging facilities. Today, the White House and the Department of Commerce announced an incremental $100 billion investment by TSMC for advanced semiconductor manufacturing and...

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17 Jul
Chapter News, News

European Commission Outlines Measures to Strengthen Europe’s Banking Sector and Support Growth

The European Commission today adopted a Communication on the competitiveness of the EU banking sector, setting out measures to strengthen the Single Market for banking.  President of the European Commission Ursula von der Leyen said: "Getting capital flowing is how we will get Europe growing. Our Savings and Investments Union needs a strong, competitive banking sector at its heart. And today's Communication takes a clear step in this direction, recalibrating our approach to risk, and enabling growth and innovation while...

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17 Jul
Chapter News, News, TRIA News

European Commission Launches EU-Ukraine Drone Alliance to Boost Drone and Counter-drone Technology

The European Commission officially launched the EU-Ukraine Drone Alliance during the third EU-Ukraine Defense Industry Forum in Kyiv. The Alliance will help the EU and Ukraine work more closely on developing and using drones and systems to stop hostile drones. It is part of wider EU efforts to strengthen Europe's defense in this fast-changing area. The Alliance brings together companies, start-ups, researchers, armed forces and other users from EU countries and Ukraine. Its main goal is to help improve the...

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17 Jul
Member News

EIB | Europe Launches €80 Billion Investment Alliance to Scale Up Tech Leaders

The EIB Group, together with EU27 governments and private institutional investors, launch second phase of the European Tech Champions Initiative. Building on the success of the first phase, the initiative will create a pan-European investment platform to turn EU tech pioneers into global leaders. AltamarCAM, Azimut Holding, Banco Santander, BBVA, Compagnia di San Paolo, Danske Bank, Green Arrow Capital among the institutional investors committing to support. ETCI 2.0 will be four times bigger in size than predecessor, tripling...

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16 Jul
Member News, News

McCann Fitzgerald | Security – A Priority of Ireland’s EU Council Presidency

As Ireland assumes the Presidency of the European Council for the eighth time, ‘security’ features as one of three pillars around which the Irish Presidency's priorities are organized, alongside competitiveness and values.  The Irish Presidency's success will ultimately be measured by its ability to advance the Union's key priorities, including managing and advancing the EU’s security agenda. While some commentators have questioned Ireland’s credibility to lead on security pointing to, for example, its comparatively low spend on defence, its defence...

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16 Jul
Member News, News

Troutman Pepper Locke | No More Free Ride: Navigating CBP’s New International Mail Entry Process

Key Points Effective July 24, 2026, CBP suspended the de minimis exemption under 19 U.S.C. Section 1321(a)(2)(C) for international mail shipments valued at $800 or less, replacing it with a formal postal entry process under 19 C.F.R. Part 145. Eligible filers — limited to owners, purchasers, or licensed customs brokers — must submit a monthly IMDW spreadsheet with 10-digit HTSUS classifications, pay duties via ACH debit by the 7th of the following month, and maintain a continuous customs bond in ACE...

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