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Trade News
Trade News
14
Dec
In a notice to be published in the Federal Register on December 14, 2020, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce (DOC) announced a new interim final rule amending the exclusion process with respect to steel and aluminum mill products covered by additional duties under Section 232 of the Trade Expansion Act of 1962, as amended (“Section 232”). Unless excluded, steel and aluminum products covered by this action are, respectively, subject to an...
10
Dec
“In a changing global landscape, I believe it is time for a new transatlantic agenda fit for today’s world. And I believe it is Europe who should take the initiative.” President Ursula von der Leyen, November 2020
Following the election of President Biden and Vice-President Harris by the people of the United States of America, combined with a more assertive and capable European Union, and a new geopolitical and economic reality, the European Commission and the High Representative are putting...
07
Dec
Worried about recent cyber-attacks? Can’t find containers? Concerned over the Panama Canal’s congestion? Frustrated with rate increases and carrier service? Want to learn more about canceled flights to LA? Dreading the post-Brexit logistics nightmare? Don’t worry. We’ve got the inside info to help you better understand the most pressing issues the shipping industry is facing right now, and there’s no shortage of them!
To start off, here are some ocean container stats we believe are pretty telling for the Port of Long...
03
Dec
With less than 50 days before the inauguration of President-elect Joe Biden, the European Union has — in hopes of, in part, curing bilateral trade tensions and “unilateral tendencies” that have recently tested the United States-EU trade relationship — set forth a policy roadmap (and, perhaps, an olive branch) for renewing the trans-Atlantic partnership. How receptive the incoming Biden administration will be to this overture remains to be seen, especially given President-elect Biden’s recent statements that he intends to...
03
Dec
Joint communication to the European Parliament, the European Council and the Council | December 02, 2020 |
1. Introduction
The relationship between the European Union and the United States is unique and built on shared history, shared values and shared interests. The transatlantic partnership was born of a promise of collective peace, progress and prosperity. After the Second World War, the Marshall Plan helped rebuild Europe’s communities and economies. The North Atlantic Treaty Organisation (NATO) ensured our collective security. Together, Europe...
02
Dec
The European Commission and the High Representative are today putting forward a proposal for a new, forward-looking transatlantic agenda. While the past years have been tested by geopolitical power shifts, bilateral tensions and unilateral tendencies, the victory of President-elect Joe Biden and Vice-President-elect Kamala Harris, combined with a more assertive and capable European Union and a new geopolitical and economic reality, present a once-in-a-generation opportunity to design a new transatlantic agenda for global cooperation based on our common values, interests...
16
Nov
The European Commission has today launched a new complaints system for reporting market access barriers and breaches of Trade and Sustainable Development commitments in the EU's trade agreements and under the Generalised Scheme of Preferences.
The new complaints system reflects the Commission's increased efforts to strengthen the enforcement and implementation of trade agreements. It follows the Commission's appointment in July of its first Chief Trade Enforcement Officer (CTEO) to oversee its tougher action on enforcing trade policy, as well as the Commission's...
09
Nov
The European Commission’s regulation increasing tariffs on U.S. exports into the EU worth $4 billion will be published in the Official Journal of the EU.
The countermeasures have been agreed by EU Member States since the U.S. has not yet provided the basis for a negotiated settlement, which would include an immediate removal of U.S. tariffs on EU exports in the Airbus WTO case. The World Trade Organization (WTO) formally authorised the EU on 26 October to take such countermeasures...
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