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Taiwan

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As the trade conflict between the United States and China continues, three free trade agreements are pressing ahead, including– the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), soon to enter into force, the Japan-EU Economic Partnership Agreement (JEEPA), recently signed and which represents 30% of global economic output, and the Regional Comprehensive Economic Partnership (RCEP), an agreement that includes both India and China and comprises the largest trading block in the region.

CBP has published in the Federal Register the following determination concerning the country of origin of merchandise for purposes of US Government procurement under the Trade Agreements Act. A copy of the final determination may be reviewed by clicking on the ruling number.  Any party-at-interest may seek judicial review of the final determination within 30 days of the date of publication in the Federal Register.

On July 14, 2017, the Office of the U.S. Trade Representative (USTR) published in the Federal Register a notice providing country-by-country allocations of the Fiscal Year (FY) 2018 (October 1, 2017 through Sept. 30, 2018) in-quota quantity of the tariff-rate quotas for imported raw cane sugar, certain sugars, syrups and molasses (also known as refined sugar), specialty sugar, and sugar-containing products.

On June 29, 2017, the Office of the U.S. Trade Representative (USTR), in conjunction with the Department of Commerce (DoC) , published in the Federal Register a request for comments [Docket No. USTR–2017–0010] that they will consider as part of the comprehensive performance reviews required by Executive Order 13796 of April 29, 2017)

On April 14, 2017, the Department of the Treasury (Treasury) issued its Report to Congress on Foreign Exchange Policies of Major Trading Partners of the United States. The Report reviews developments in international economic and exchange rate policies and is submitted pursuant to the Omnibus Trade and Competitiveness Act of 1988 (the “1988 Act”), 22 U.S.C. § 5305, and Section 701 of the Trade Facilitation and Trade Enforcement Act of 2015 (the “2015 Act”), 19 U.S.C. § 4421. Treasury has established thresholds for the three criteria specified in the 2015 Act that determine whether enhanced analysis is necessary: (1) a significant bilateral trade surplus with the United States is one that is at least $20 billion; (2) a material current account surplus is one that is at least 3 percent of GDP; and (3) persistent, one-sided intervention occurs when net purchases of foreign currency are conducted repeatedly and total at least 2 percent of an economy’s GDP over a 12 month period.

Member countries of the World Trade Organization (WTO) are required under the Agreement on Technical Barriers to Trade (TBT Agreement) to report to the WTO all proposed technical regulations that could affect trade with other Member countries. The WTO Secretariat distributes this information in the form of “notifications” to all Member countries. The chart below summarizes notifications from the WTO in English received and posted by the U.S. National Institute of Standards and Technology (NIST) during the past month.