For most in-house counsels, monitoring trade regulations and controls could be a never-ending headache given the ever-changing regulations and laws. Nearly all organizations, not only the ones caught up in sanctions scandals, are waking up to a myriad of regulatory issues imposed by trade controls. Read More
The World Trade Organization (WTO) found that the European Union (EU) subsidies to Airbus have caused an adverse effect to the U.S., and on April 08, 2019, the U.S. Trade Representative announced that Read More
On August 18, 2017, the Office of the United States Trade Representative initiated an investigation of China under Section 301 of the Trade Act of 1974.
There is a lot of confusion when it comes to imports and exports. Some of the things that always get confused are the Harmonized Tariff Schedule of the United States (HTS), Schedule B, Export Control Classification Number (ECCN), and the United States Munitions List (USML).
INCOTERMS (International Commercial Terms) are internationally recognized trade terms used by buyers and sellers for prevention of confusion in foreign trade contracts. ICC (International Chamber of Commerce) developed them in 1936 and updates them periodically.
On March 8, 2018, under Section 232 of the Trade Expansion Act of 1962, President Donald Trump exercised his authority and imposed a 25 and 10 percent tariff on steel and aluminium imports, respectively, to protect the Read More
On March 8, President Trump issued Proclamations 9704 and 9705, which look at the adjustment of steel and aluminum imports into the United States. These proclamations were issued under Section 232 of the Trade Expansion Act of 1962, which allows the president to initiate an investigation to determine whether the national security is threatened by imports. Read More
Many businesses think that it can’t, or won’t, be something that will affect them.The truth of the matter is that confidence is no replacement for solid and robust compliance systems and processes.
Training is a critical element of any export compliance program under the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR). Training ensures that all employees understand the export regulations and reinforces the policies and procedures implemented by the export department. All employees from the assembly line to the CEO should attend an annual training. Read More
Assigning an incorrect ECCN can turn out to be a costly mistake for an exporter. Exporters encounter serious challenges in designating the right ECCN to items. Read More