2020 - Page 3 of 12 - Customs & International Trade Law Firm

Joe Biden & Trade – What Can Industry Expect from the New Administration?

Trump’s Trade Legacy

To fully understand the Biden administration’s trade priorities, it’s essential to understand Trump’s U.S. trade actions and the trade environment Biden will inherit. Trump made trade policy a center-stage issue. The administration enacted policies that counter several decades of neoliberal trade policies. The administration also questioned fundamental tenets of the global trading system and the function and purpose of the World Trade Organization. Furthermore, Trump followed through on many trade-related campaign promises by utilizing an array of tools.

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By Jennifer Diaz|2022-07-07T14:44:59-04:00December 7, 2020|Best Practices, China, China Trade War, Customs Expert, Enforcement, Export, Import, International Law, International Trade, TPP|5 Comments

USTR Targets Vietnam in New 301 Investigations – Submit Request to Testify by Dec. 10

Co-Authored by Sharath Patil

USTR’s Tougher Stance on Vietnam

The Trump administration has begun to exercise a tougher stance against Vietnam. The United States Trade Representative (“USTR”) initiated two Section 301 investigations against the Southeast Asian country on October 2, 2020. The focus of the two investigations are Vietnam’s acts, policies, and practices related to (1) the valuation of its currency, and (2) Vietnam’s importation and use of illegal timber. The news of USTR’s launch of these dual investigations came days before the U.S. Census Bureau’s latest trade data release – which indicated that the U.S. trade deficit in goods with Vietnam is at record levels, registering at $42.7 billion in the 8 months of data available for 2020. This skyrocketing trade deficit is relevant to U.S. trade policy towards Vietnam because one of President Trump’s key economic pledges was to lower the U.S. trade deficit with trading partners. A well-documented pattern of transshipment of goods from China through Vietnam to avoid U.S. Section 301 duties towards China could also explain Vietnam being targeted.

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By Jennifer Diaz|2022-07-06T12:30:07-04:00December 1, 2020|Best Practices, Customs Expert, Enforcement, Expert, Export, Import, International Law, International Trade, Pre-compliance, Vietnam|1 Comment

White House Releases National Strategy for Promoting and Protecting Critical Technologies

Co-Authored by Sharath Patil

White House Releases Critical Technologies Report

Last month, the White House released a landmark report titled the “National Strategy for Critical and Emerging Technologies.” The report outlines how the United States will promote and protect our competitive edge in fields such as artificial intelligence, energy, quantum information science, communication and networking technologies, semiconductors, military, and space technologies.

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By Jennifer Diaz|2022-07-07T14:43:59-04:00December 1, 2020|Best Practices, China, China Trade War, Customs Expert, Enforcement, Export, Import, International Business, International Law, International Trade, Pre-compliance|2 Comments

Due to Pandemic, BIS Providing Six-Month Export License Extensions

Co-Authored by Sharath Patil

BIS’ Announcement

Last month, the U.S. Commerce Department’s Bureau of Industry & Security (“BIS”) announced that it is providing six-month extensions for export license applications due to economic difficulties associated with the COVID-19 pandemic. As a result of this announcement, BIS is permitting exporters to request six-month validity period extensions for licenses due to expire on or before December 31, 2020. BIS accepts all submission requests in one central electronic mailbox: LicenseExtensionRequest@bis.doc.gov. When a party submits a license extension request, BIS will review the original license and (in most cases), extend the validity of the license by six months. BIS estimates that the majority of extension validity requests will be processed and approved within two to three business days. Acting Under Secretary for Industry and Security Corden Hull said, “The streamlined process will help ensure that exporters with licenses due to expire on or before the end of 2020, who may not have been able to ship orders due to resource constraints during the pandemic, have the opportunity to benefit fully from the authorizations granted on their licenses.”

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By Jennifer Diaz|2020-11-25T15:32:54-05:00November 24, 2020|Best Practices, Customs Expert, Enforcement, Export, Import, International Law, International Trade, Pre-compliance|8 Comments

The Importance of Regular Export Compliance Training for your Business

What’s Export Compliance?

Boundless opportunities exist for U.S. businesses when they export their products and services to foreign markets. In fact, over 95% of the world’s consumers are located outside of the United States. However, the vast export opportunities must be tempered by your duty to diligently and effectively comply with U.S. export control laws under the U.S. Department of Commerce’s Export Administration Regulations (“EAR”) and the U.S. State Department’s International Traffic in Arms Regulations (“ITAR”).

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By Jennifer Diaz|2021-11-04T15:29:30-04:00November 20, 2020|Export, FCPA, U.S. Bureau of Industry and Security (BIS), U.S. Office of Foreign Assets Control (OFAC)|17 Comments

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