01 May
Chapter News, News, Trade & TTIP Related

European Commission | EU-Mercosur Interim Trade Agreement Starts to Provisionally Apply

On 1 May, the EU-Mercosur Interim Trade Agreement (ITA) will start being provisionally applied. This will allow EU producers, exporters, and farmers to start reaping the benefits of this deal as of day one.  The provisional application of the ITA will create new opportunities, supporting the exports of industrial goods, services, and agri-food products to Argentina, Brazil, Paraguay and Uruguay. It will immediately remove or drastically reduce tariffs on key exports such as cars, pharmaceuticals, and foresee a first tariff...

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01 May
Member News, News, Trade & TTIP Related

Thompson Hine | Commerce Adds Duty-Free Tariff Code for Section 232 Goods Containing No Aluminum, Steel, or Copper

On April 27, 2026, the Department of Commerce (“Commerce”) published a Federal Register notice adding a duty-free code in the Harmonized Tariff Schedule of the United States (“HTSUS”) with retroactive effect to cover goods subject to the Section 232 aluminum, steel, or copper tariff regimes that do not, in fact, contain these metals.  This new provision, subheading 9903.82.01, applies retroactively to April 6, 2026, the effective date of Proclamation 11021, which overhauled the Section 232 aluminum, steel, and copper tariff regimes (see Update of...

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29 Apr
Member News, News

A&L Goodbody | PSD 3/PSR: Final Compromise Texts Published

On 23 April 2026, the Council of the EU published final compromise texts of the legislative proposals for a Third Payment Services Directive (PSD 3) and Payment Services Regulation (PSR). On 23 April 2026, the Council of the EU published final compromise texts of the legislative proposals for a Third Payment Services Directive (PSD 3) and Payment Services Regulation (PSR) (see the final compromise texts here and here). The release of the texts now provide welcome certainty after months of anticipation since it...

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29 Apr
Member News, News

Noerr | European Commission Updates Antitrust Rules for Technology Transfers (including Data Licensing)

Ahead of the expiration of the previous antitrust rules governing the transfer of technology rights (such as know-how, patents and various other rights) at the end of April, the European Commission (“Commission”) has published final versions of a new Technology Transfer Block Exemption Regulation (“TTBER”) and new Technology Transfer Guidelines (“Guidelines”). These final versions follow the publication of draft versions of both documents in September 2025 for public consultation. The new TTBER and Guidelines will come into force on 1 May 2026 and expire after 12...

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29 Apr
Chapter News, News, Trade & TTIP Related

IMF | Global Disruptions Are Testing How the World Moves Goods and People

Blog | Shipping and flight disruptions highlight new fault lines in the global economy and their costs for growth and livelihoods. The war in the Middle East has severely disrupted maritime and air traffic, damaging infrastructure and interrupting transport corridors that are critical for global energy and goods. Even in the best case, there will be no neat and clean return to the way things were. The Chart of the Week illustrates one reason for concern. In the Red Sea, attacks on shipping that began...

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28 Apr
Chapter News, News, Trade & TTIP Related

OECD | Critical Raw Materials Face Rising Export Restrictions, Increasing Risks to Global Supply Chains

Several key minerals that are essential inputs for digital and renewable energy technologies face high exposure to export restrictions, and the number of restrictions continues to rise, a new OECD report finds. The annual update of the OECD Inventory of Export Restrictions on Critical Raw Materials tracks export restrictions and supports analysis of their impact on availability, prices and global supply chains. The OECD continues to monitor these measures over time. The latest edition, which analyses measures implemented through the end of 2024, shows...

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28 Apr
Member News, News

Troutman Pepper Locke | ICE Reclassifies Common Form I-9 Errors as Substantive Violations

For the first time in more than 10 years, U.S. Immigration and Customs Enforcement (ICE) has updated its Form I‑9 inspection guidance on “technical” and “substantive” violations by publishing a Fact Sheet indicating that many errors that were previously treated as technical, i.e., curable within a 10-business‑day window in the event of an audit, will now be categorized as substantive violations subject to immediate penalty without the opportunity to correct them. More Errors Now Count as Substantive Violations ICE now treats a range of common, previously “technical” mistakes...

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28 Apr
Chapter News, News

European Commission | Proposal of a Plan for Simpler, Clearer and Better Enforced EU Rules

The European Commission today presented its plan to modernise EU lawmaking, ensuring that laws are clearer, simpler, more efficiently enforced, based on solid evidence and better aligned with the needs of citizens and businesses. Ursula von der Leyen, President of the European Commission, said: "Europe needs clear and coherent legislation that fully responds to the needs of our citizens and businesses. Today, we deliver our plan to make EU lawmaking more efficient, more effective, and more transparent. We will apply simplicity by...

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28 Apr
Chapter News, News

World Bank | Middle East War to Spark Biggest Energy Price Surge in Four Years

Commodity prices forecast to rise by 16% this year, fueling inflation and slowing growth.  Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals. The shock will have serious implications for job creation and development, the analysis indicates. Attacks...

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27 Apr
Member News, News

Trepp | Chief Economist’s Weekly Watch: FOMC Meeting, Treasury Yields, and Corporate Credit Spreads

Last week's large bank earnings were strong, but questions remain about whether that strength extends to broader credit conditions. Here are three things to watch for this week: FOMC Meeting With no policy change expected, the April FOMC meeting will be watched for how officials frame the mix of sticky inflation, energy-price risk, and softer sentiment. The key question is whether Powell’s communication reinforces the current expectation that rates remain on hold for now, or whether the press conference shifts attention...

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