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Invitation Thursday, 12 November 2020     Dear All,Notwithstanding these unprecedented times, we would like to keep you abreast of recent developments and expected trends in Swiss, EU and US trade sanctions and export controls in one of our series of trade compliance webinars. Moreover, we would like to also bring you the latest news on Brexit, the WTO and what has become probably the term of the year in our practice area, “Trade Wars”.Please…

Please save the date for our upcoming Trade Day 2020 event in Stockholm, taking place on 5 November 2020. We will cover recent developments and trends in compliance, export control, trade sanctions and customs. A full agenda will be sent out closer to the event. Considering the ongoing pandemic we will be hosting the event as a traditional seminar in Stockholm city, but also via Zoom. In order for us to make proper arrangements that will…

On August 18, 2020, the Office of the US Trade Representative (USTR) published in the Federal Register a document indicating that the interagency Trade Policy Staff Committee (TPSC) requests comments and will hold a public hearing [Docket Number USTR-2020-0033] to assist the USTR in the preparation of its annual report to Congress on China’s implementation of its obligations as a Member of the World Trade Organization (WTO). Due to COVID-19, the TPSC will foster public…

On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six targets affiliated with the Islamic State of Iraq and Syria (“ISIS”), including an entity allegedly posing as a charity (and its director) based in Afghanistan that allegedly provided support to ISIS’ branch in that country, ISIS-Khorasan (“ISIS-K”). The entities that were designated are: Al Haram ExchangeTawasul CompanyAl-Khalidi ExchangeNejaat Social Welfare Organization Five of these targets (which includes…

On 28 July 2020, the EU agreed to impose EU-wide measures to restrict the export of certain items to Hong Kong. The EU Council’s press release can be found here. These restricted goods include equipment or technology that could be used for internal repression, interception of internal communications or cyber surveillance. Like recent US and UK measures, the new EU export controls have been proposed in response to the recent HK National Security Law. Germany has…

On July 15, 2020, the US Department of State (State Department) updated its guidance (“Updated Guidance“) regarding the implementation of Section 232 of Title II of the Countering America’s Adversaries Through Sanctions Act (“CAATSA” see our previous blog post on CAATSA here and our previous blog post on the 2017 State Department guidance on CAATSA Section 232 here). The Updated Guidance expands the scope of CAATSA Section 232 to target certain investments or other activities related to the Nord Stream…

On June 5, 2020, the US Treasury Department’s Office of Foreign Assets Control (OFAC) published four Frequently Asked Questions (FAQs) regarding Iran-related sanctions under Executive Order 13902 (EO 13902). EO 13902 authorizes the imposition of secondary sanctions targeting the Iranian construction, mining, manufacturing, and textile sectors and persons engaged in “significant transactions” or providing “material support” to parties designated pursuant to the order. Our blog post regarding EO 13902 is available here. The FAQs reconfirm that Iranian manufacturers of medicines,…

On July 10, 2020, the Office of the United States Trade Representative (USTR) posted on its website, a notice to be published in the Federal Register that announces USTR’s determination to take action in the form of additional duties of 25 percent on products of France specified in Annex A to the notice as a result of France’s Digital Service Tax (DST. USTR has further determined to suspend application of the additional duties for a…

On June 30, 2020, the Diario Oficial (Official Gazette) published the Decree establishing the Applicable Rate of the General Import Tax for merchandise originating in North America, which implements Annex 2-B of the Agreement between the United Mexican States, the United States of America and Canada (T-MEC/ USMCA / CUSMA). The Tariff Schedules established in Annex 2-B “Tariff Commitments” establish the preferential rate of customs tariffs for trade between Mexico, the United States and Canada, on goods originating…

A May 29, 2020 posting was entitled: “DR of Congo – Support measures for businesses in the Congo following COVID-19.” It should have read: “Republic of Congo – Support measures for businesses in the Congo following COVID-19”. We apologize for the error and thank Christian Lukusa, Esq. Managing Partner at Momentum Attorneys & Advisors in Kinshasha, DRC for bringing this to our attention.