Saudi Arabia Archives

US – Treasury lists countries requiring cooperation with an international boycott

February 8, 2019 By International Trade Compliance Blog 1 Min Read

On February 6, 2019, the Treasury Department published in the Federal Register a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3)…

EU imposes provisional safeguards on certain steel products

July 19, 2018 By International Trade Compliance Blog 3 Mins Read

On 18 July 2018, the Official Journal published Commission Implementing Regulation (EU) 2018/1013 of 17 July 2018 imposing provisional safeguard measures with regard to imports of certain steel products. On 26 March 2018, the Commission published a Notice of Initiation of a safeguard investigation concerning imports of 26 steel product categories (2018/C 111/10) in the Official Journal. The Commission decided to initiate the investigation in the light of sufficient evidence that imports of those products might cause or threaten to cause serious injury to the Union producers concerned. On 28 June, the investigation was extended to two additional product categories. There was also a high risk of further increase of imports resulting from trade diversion due to the measures against imports of steel adopted by the United States under Section 232 of the Trade Expansion Act of 1962 (‘Section 232’). The 28 product categories (‘the product concerned’ or the ‘product categories concerned’) are all covered by the steel surveillance mechanism introduced by the Commission in May 2016. They are also subject to the US tariff measures under Section 232.

US – Treasury issues list of countries requiring cooperation with an international boycott

May 16, 2018 By International Trade Compliance Blog 1 Min Read

On May 16, 2018, the Department of the Treasury published in the Federal Register, in accordance with section 999(a)(3) of the Internal Revenue Code of 1986 (IRC), a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the IRC). On the basis of the best information currently available to Treasury, the following countries require or may require participation in, or…

US – Treasury publishes list of countries requiring cooperation with an international boycott

January 10, 2018 By International Trade Compliance Blog 1 Min Read

On January 8, 2018, the Department of the Treasury published a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986).

Gulf Cooperation Council – GCC Countries launch Safeguard investigation on prepared additives for cements, mortars or concretes (chemical plasticizers)

October 4, 2017 By International Trade Compliance Blog 1 Min Read

On 3 October 2017, Bahrain notified the WTO’s Committee on Safeguards that the GCC’s competent authority initiated on 20 September 2017 a safeguard investigation on prepared additives for cements, mortars or concretes (chemical plasticizers).

July 19 Webinar – Qatar Diplomatic Crisis

July 10, 2017 By International Trade Compliance Blog 2 Mins Read

Navigating the uncertainty of doing business with Qatar

Broadcast timings on 19 July 2017
6 am San Francisco; 8 am Dallas; 9 am New York; 2 pm London; 3 pm Frankfurt; 5 pm Dubai

On Monday, 5 June 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, with a boycott on air, sea or land traffic to and from Qatar, with other Arab and African countries following their lead. The political and economic boycott has had major implications for international trade.

Qatar Diplomatic Crisis

June 19, 2017 By International Trade Compliance Blog 2 Mins Read

On Monday 5 June 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, with an embargo on air, sea or land traffic to and from Qatar.

Several Middle Eastern countries break ties with Qatar

June 7, 2017 By International Trade Compliance Blog 3 Mins Read

On June 5, 2017, Saudi Arabia and Bahrain followed by the United Arab Emirates, Egypt Yemen, and one of Libya’s interim governments cut diplomatic relations with, and trade ties with Qatar. The UAE issued a statement which said it was “based on the insistence of the State of Qatar to continue to undermine the security and stability of the region.” In the statement the UAE said the following steps were taken:

US – Treasury publishes list of countries requiring cooperation with an international boycott

March 30, 2017 By International Trade Compliance Blog 1 Min Read

On March 30, 2017, the Department of the Treasury (Treasury), in accordance with section 999(a)(3) of the Internal Revenue Code of 1986, published in the Federal Register a current list of countries

State imposes nonproliferation measures and government procurement ban against foreign persons

March 30, 2017 By International Trade Compliance Blog 2 Mins Read

On March 30, 2017, the Department of State published in the Federal Register a final rule [Public Notice: 9939] stating that a determination has been made that a number of foreign persons have engaged in activities that warrant the imposition of measures pursuant to Section 3 of the Iran, North Korea, and Syria Nonproliferation Act.