Baker McKenzie’s Sanctions Blog published the alert titled Australia to increase tariffs for products from Belarus and Russia; and introduces new luxury goods export sanctions for Russia on 05 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Global Compliance News Blog published “Global: 2022: International Trade Developments in a Challenging New World,” which can be viewed here.
Baker McKenzie’s Insight+ Blog published “Asia Pacific: RCEP – Coming into force on 1 January 2022,” which can be viewed here.
In brief Singapore updated its strategic goods control regime on 3 August 2020 to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade. Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages. For bulk permit holders, expanded document categories under recordkeeping requirements and monthly reporting will apply. A new offence has also been created for…