At the time of the publication of this blog post on February 3, 2025, the duties on Mexican products have been paused. Stay tuned for updates and insights and practical tips for trade between the United States and Mexico. On February 3, 2025, minutes before the Mexican Presidentâs daily press conference, Claudia Sheinbaum, President of Mexico, and Donald Trump, President of the United States, held a telephone conference whereby they agreed to pause, for one…
President Trump signed an executive order on February 1, 2025 (“Executive Order”), imposing the long-anticipated tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act (“U.S. Tariffs”).Canada retaliated swiftly by implementing retaliatory tariffs/countermeasures at a rate of 25% pursuant to sections 53 and 79 of the Customs Tariff by way of an Order in Council (United States Surtax Order (2025) (“Canada Tariffs”). Read the Government of Canada’s press release here. For the…
The Control of Items in Relation to the Proliferation of Weapons of Mass Destruction Committee of Thailand agreed to enforce the licensing requirement for the export and re-export of dual-use items. The first pilot scheme will apply to heavy and nuclear equipment. Click here to access the full alert.
On April 22, 2024, the United States Trade Representative (USTR) announced its initiation of a Section 301 investigation into China’s acts, policies and practices in the maritime, logistics, and shipbuilding sectors. The investigation is in response to a petition filed in March by five US labor unions alleging that China engages in unreasonable or discriminatory practices that provide unfair advantages in the maritime industries. The petition cited specific conduct alleged to target the maritime, logistics,…
When importing goods into the UK, traders are required to account for any applicable customs duty and import VAT (collectively “Duties”) on import unless they can utilise a customs special procedure to delay or reduce payment of these amounts. Customs special procedures include the Inward Processing (“IP”) regime which allows traders to suspend the Duties while the imported goods are subject to repair or further manufacturing. Where a trader utilises IP, they are required to…
On 21 March 2024, the French Senate (French Parliamentâs higher chamber) rejected the bill of the French government proposing to approve the EU-Canada Comprehensive Trade Agreement (CETA). For several years, the European Commission and the Canadian government negotiated a comprehensive free trade agreement, including new types of provisions on investment. It was the first ever ambitious free-trade agreement that the EU concluded with a G7 country (Japan and the UK were concluded later). The CETA…
Background On 4 March 2024 the Council of the European Union and the European Parliament reached a provisional political agreement on a new Regulation on Packaging and Packaging Waste (the âRegulation”). The Regulation will replace the current Packaging and Packaging Waste Directive 94/62/EC, aiming to reduce packaging waste and introducing a range of sustainability measures including a requirement for all packaging to be recyclable by 2030. The Regulation is an integral part of the European…
The transitional phase of the EU Carbon Border Adjustment Mechanism (“CBAM”) is now underway with the deadline for submitting the first CBAM quarterly reports having already passed on 31 January 2024 (although with an extension until the end of February).* The CBAM requires importers to report the embedded greenhouse gas emissions in carbon-intensive goods (initially aluminium, cement, iron and steel, electricity, fertilisers and hydrogen) and, from the commencement of the operational phase in 2026, purchase “CBAM…
The Department for Business and Trade (“DBT”) announced in a January 2024 Policy Update its intention to propose legislation in Spring 2024 which would indefinitely recognise CE marking for most types of products sold in Great Britain meaning that UKCA marking would never become mandatory for those products. Note, as a result of the Windsor Framework Agreement, CE marking was to remain mandatory for the Northern Ireland market in any event. The indefinite extension of…
Joint Commitment of Singapore and Malaysia to establish a Special Economic Zone in Johor The signing of a memorandum of understanding on 11 January 2024 between Singapore and Malaysia reaffirms the longstanding ties and joint commitment by both countries to strengthen economic cooperation and the establishment of the Johor-Singapore Special Economic Zone (JSSEZ) which will be located in the state of Johor. Anticipated Tax, Customs & Trade Benefits While the JSSEZ is still in the…