Category

Nicaragua

Category

On February 7, 2020, the US Trade Representative (USTR) published in the Federal Register a document announcing the country-by-country reallocations of 78,071 MTRV of the fiscal year (FY) 2020 in-quota quantity of the World Trade Organization (WTO) tariff-rate quota (TRQ) for imported raw cane sugar from those countries that stated they do not plan to fill their FY 2020 allocated raw cane sugar quantities. See the notice for country-by-country reallocations.

On December 23, 2019, the Office of the US Trade Representative (USTR) published in the Federal Register a notice setting the US dollar procurement thresholds to implement certain US trade agreement obligations, as of January 1, 2020, for calendar years 2020 and 2021. Executive Order 12260 requires the USTR to set the US dollar procurement thresholds for application of Title III of the Trade Agreements Act of 1979, as amended (TAA; 19 U.S.C. 2511 et…

On December 6, 2019, the Office of the US Trade Representative (USTR) published in the Federal Register a notice of its determination of the trade surplus in certain sugar and syrup goods and sugar-containing products of Chile, Morocco, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Colombia and Panama. The level of a country’s trade surplus in these goods relates to the quantity of sugar and syrup goods and sugar-containing products for…

On 14 October 2019, the Council of the European Union announced that it adopted a framework for targeted restrictive measures in view of the situation in Nicaragua. The press release stated: This framework provides for the possibility of imposing targeted and individual sanctions against persons and entities responsible for human rights violations or abuses or for the repression of civil society and democratic opposition in Nicaragua, as well as persons and entities whose actions, policies…

On September 4, 2019, the Office of Foreign Assets Control (OFAC) published in the Federal Register a final rule adding regulations (31 C.F.R. Part 582 – Nicaragua Sanctions Regulations) to implement Executive Order 13851 of November 27, 2018 (“Blocking Property of Certain Persons Contributing to the Situation in Nicaragua”). OFAC intends to supplement these regulations with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance, general licenses, and statements of…

On April 17, 2019, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) continued its escalation of sanctions against Venezuela and Nicaragua through the designation of additional parties as Specially Designated Nationals (“SDNs”).  OFAC issued two Venezuelan general licenses (“GLs”), amended certain Venezuelan GLs, and issued one FAQ, as further described below.  A summary of OFAC’s measures is available here, and a related press release issued by the White House is available here.

On 21 February, 2019, the Department for International Trade (DIT) issued guidance entitled, Existing trade agreements if the UK leaves the EU without a deal, which sets out the status of those agreements (free trade agreements, economic partnership agreements, association agreements and customs union) that may not be in place by exit day. It also links to trade agreements that have been signed and mutual recognition agreements that have been signed.

On November 27, 2018, the President signed Executive Order 13851 targeting Nicaragua entitled “Blocking Property of Certain Persons Contributing to the Situation in Nicaragua” (“Nicaragua EO”).  The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) also issued a press release related to the Nicaragua EO available here, and added two close associates of Nicaraguan President Daniel Ortega to the Specially Designated Nationals and Blocked Persons List (“SDN List”) pursuant to the new Nicaragua EO, the notice for which is available here.  The two new SDNs are the current Vice President of Nicaragua and President Ortega’s wife, Rosario Maria Murillo de Ortega, and President Ortega’s national security adviser, Nestor Moncada Lau.

On March 6, 2018, the Nicaraguan Government announced that it has, through the Ministry of Development, Industry and Trade (MIFIC,for its acronym in Spanish), launched a Single Window for Foreign Trade (VUCE, for its acronym in Spanish) pilot program, to enable international (cross-border) traders to submit regulatory documents at a single, online platform. This program is meant to increase the country’s international trade competitiveness and further simplify information flows between exporting companies and the government, bringing significant benefits to all parties involved.  The announcement said: