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EU and SADC sign Economic partnership Agreement

By 3 Mins Read

  On 10 June 2016, the European Commission announced that the European Union and six countries (Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland) of the Southern African Development Community (SADC) signed an Economic Partnership Agreement (EPA), the first of its kind between the EU and an African region pursuing economic integration. The signature took place in Kasane, Botswana. The EPA is a development-oriented free trade agreement. In addition to this agreement, other regional agreements could…

UK votes to leave EU

By 7 Mins Read

  It was announced that, on 23 June 2016, the British public voted in favour of a so-called “Brexit”, or exit from the European Union (“EU“). Whilst the result of the referendum is not legally binding on the UK Government it is politically so and, furthermore, the governing Conservative Party promised that the referendum would be binding in their manifesto. Mechanics of leaving the EU The vote in favour of Brexit means that, at some…

US – FinCEN and other agencies adjust civil monetary penalty amounts

By 2 Mins Read

  On June 30, 2016, the Financial Crimes Enforcement Network (FinCEN), Treasury,  published in the Federal Register an interim final rule amending the regulations under the Bank Secrecy Act to adjust the maximum amount or range, as set by statute, of certain civil monetary penalties within its jurisdiction to account for inflation. This action is being taken to implement the requirements of the Federal Civil Penalties Inflation Adjustment Act of 1990, as further amended by the…

US – Government procurement: DFARS amended to add Ukraine

By 1 Min Read

  On June 30, 2016, the Defense Acquisition Regulations System, Department of Defense (DoD) published in the Federal Register a final rule [Docket DARS–2016–0022] amending the Defense Federal Acquisition Regulation Supplement (DFARS) to add Ukraine as a new designated country under the World Trade Organization Government Procurement Agreement (GPA). The GPA entered into force for Ukraine on May 18, 2016. The United States, which is also a party to the GPA, has agreed to waive…

EU – Commission amends CN to eliminate or reduce duties on ITA goods

By 1 Min Read

  On 29 June 2016, the Official Journal published Commission Implementing Regulation (EU) 2016/1047 of 28 June 2016 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff which amended the Common Nomenclature (CN) to implement Council Decision (EU) 2016/971, which provides for an elimination or a reduction of customs duties for a certain number of products covered by the WTO Declaration on the Expansion…

US – FSIS to establish electronic export application and certification

By 2 Mins Read

  On June 29, 2016, the Food Safety and Inspection Service (FSIS) published in the Federal Register a final rule [Docket No. FSIS–2009–0026] amending the meat and poultry inspection regulations to provide for an electronic export application and certification system. The electronic export application and certification system will be a component of the FSIS’s Public Health Information System (PHIS). The PHIS Export Component will be available as an alternative to the paper-based export application and certification…

US – CBP mandates electronic entries via ACE for certain entry types

By 1 Min Read

  CSMS# 16-000531 (06-27-16) announced that beginning July 23, 2016 trade parties will be required to submit electronic entries and entry summaries for additional entry types to the Automated Commercial Environment (ACE).  Electronic entries and entry summaries associated with the following entry types will be accepted and mandated in ACE: 02, 07, 12, 21, 22, 31, 32, 34, and 38.  Filing of electronic entries and entry summaries associated with entry types 06 and 23 were previously…

Brexit Webinar – What Does it Mean for Business?

By 1 Min Read

  On 23 June 2016 the British public voted in favour of a so-called “Brexit”, or exit from the European Union (“EU“). Whilst the result of the referendum is not legally binding on the UK Government it is politically so and, furthermore, the governing Conservative Party promised that the referendum would be binding in their manifesto. Please join us for our Brexit Webinar on 29 June 2016 at  3 p.m. CET to find out more about the…

US – BIS amends Validated End-User authorization for China

By 1 Min Read

  On June 23, 2016, the Bureau of Industry and Security (BIS) published in the Federal Register a final rule [Docket No. 160303186–6186–01] that amends the Export Administration Regulations (EAR) to revise the existing Validated End-User (VEU) list for the People’s Republic of China by updating the list of eligible items and destinations (facilities) for VEU Advanced Micro Devices, Inc. (AMD). Specifically, BIS amends Supplement No. 7 to part 748 of the EAR to remove an…

US – FDA seeks participants for import trade account management pilot

By 1 Min Read

  On June 23, 2016, the Food and Drug Administration (FDA) published in the Federal Register a notice [Docket No. FDA-2016-N-1548] announcing that it intends to conduct a pilot program to test and evaluate a new Import Trade Auxiliary Communication System (ITACS) Account Management function. Participation will be needed from a small group of Filers, Importers of Record, and Consignees, who will use the new ITACS Account Management function and provide feedback to FDA. FDA is…