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The EU and the US are committed to reach a comprehensive and durable negotiated solution to the Aircraft disputes. Key elements of a negotiated solution will include disciplines on future support in this sector, outstanding support measures, monitoring and enforcement, and addressing the trade distortive practices of and challenges posed by new entrants to the sector from non-market economies, such as China. “These steps signal the determination of both sides to embark on a fresh…

On March 12, 2021, CBP issued CSMS #46590066 – GUIDANCE: Suspension of EU Duties in Section 301 Action: Enforcement of U.S. World Trade Organization (WTO) Rights in Large Civil Aircraft Dispute, reproduced below: The purpose of this message is to provide notice of the United States Trade Representative’s (USTR) determination to temporarily suspend additional duties on products of the European Union (EU) under the Section 301 Large Civil Aircraft (LCA) Dispute. The suspension is effective…

On March 8, 2021, the Acting US Trade Representative announced the conclusion of negotiations with the European Union on adjustments to the EU’s WTO tariff rate quotas (TRQ) as a consequence of the United Kingdom’s withdrawal from the EU.  The agreement, after two years of negotiations under WTO procedures, will determine how to split TRQ quantities between the EU-27 and the United Kingdom (UK). The agreement will be signed and implemented after formal approval procedures…

On 12 March 2021, the Official Journal published Commission Implementing Regulation (EU) 2021/442 of 11 March 2021 making the exportation of certain products subject to the production of an export authorisation, which requires an export authorisation to export (or re-export after such goods have been subject to manufacturing operations including filling and packaging within the customs territory of the Union) vaccines against SARS-related coronaviruses (SARS-CoV species) currently falling under CN code 3002 20 10, irrespective of their packaging…

On 11 March 2021, the Official Journal published Commission Implementing Regulation (EU) 2021/425 of 9 March 2021 suspending commercial policy measures concerning certain products from the United States of America imposed by Implementing Regulation (EU) 2020/1646 following the adjudication of a trade dispute under the Dispute Settlement Understanding of the World Trade Organization, which suspends commercial policy measures adopted in Implementing Regulation (EU) 2020/1646 concerning certain products from the United States following the adjudication of the…

On March 4, 2021, the Office of the US Trade Representative (USTR) announced that the United States and the United Kingdom had agreed to a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute. In a joint statement, the US and the UK said they are taking this action “to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization.”…

On March 10, 2021, CBP issued CSMS #46561075 – GUIDANCE: Suspension of UK Duties in Section 301 Action: Enforcement of U.S. World Trade Organization (WTO) Rights in Large Civil Aircraft Dispute, reproduced below: The purpose of this message is to provide notice of the United States Trade Representative’s (USTR) determination to temporarily suspend additional duties on products of the United Kingdom (UK) under the Section 301 Large Civil Aircraft (LCA) Dispute. The suspension is effective…

On March 5, 2021, the USTR announced that the European Union and the United States agreed on the mutual suspension for four months of the tariffs related to the WTO Aircraft disputes. The suspension will cover all tariffs both on aircraft as well as on non-aircraft products, and will become effective as soon as the internal procedures on both sides are completed. A joint US-EU statement stated: The EU and the US are committed to reach…

On February 12, 2021, the Office of the United States Trade Representative (USTR) published in the Federal Register a notice stating that the USTR together with the affected United States industry have agreed that it is unnecessary at this time to revise the action in the Section 301 investigation involving the enforcement of US rights in the World Trade Organization (WTO) dispute involving Large Civil Aircraft subsidies provided by certain current or former member States…

On 31 December 2020, the UK’s Brexit transition period with the EU ended, and the UK became a third country with respect to the EU from a sanctions and export controls perspective. The UK now has its own autonomous sanctions and export control regimes – closely related to the EU’s regimes, but with important differences and complexities that clients need to be aware of. We have written an alert that summarises the key considerations for companies in…