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On 21 June 2021, the UK and EU both announced further sanctions targeting individuals and entities linked to Myanmar’s military regime. The EU announced that it was imposing sanctions against an additional 8 individuals, 3 economic entities (Myanmar Gems Enterprise; Myanmar Timber Enterprise (“MTE“); and Forest Products Joint Venture Corporation Limited) and the War Veterans Organisation. All designated persons are subject to asset freezes, with individuals subject to travel bans. EU persons are prohibited from making funds…

On 21 June 2021, the EU and UK announced coordinated sanctions against specified Belarusian individuals and entities. This follows the forced landing of a commercial aircraft in Belarus and subsequent detention of a Belarusian journalist, and suggests that the UK is continuing to align its sanctions regime with key allies following Brexit. The sanctions were further coordinated with the US and Canada. The designated parties will be subject to asset freezes, whilst individuals will be subject to…

In a Joint Statement with the UK, on June 17, 2021, the US Trade Representative (USTR) announced, that: The United States and the United Kingdom [today] reached an understanding to resolve a long-standing trade irritant relating to large civil aircraft. This development strengthens our special relationship and builds on the revitalized Atlantic Charter, which affirms our ongoing commitment to sustaining and defending our enduring values against new and old challenges. The framework provides that the…

On 15 June 2021, the UK Government announced that the UK has secured a trade deal with Australia eliminating tariffs on all UK goods and boosting jobs and businesses across the country, in the first major trade deal negotiated from scratch by the Government since the UK left the EU. The announcement said that the main elements of the deal were agreed by Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison at a…

On 2 June 2021, the UK government announced that the CPTPP nations had agreed to the UK’s bid to begin the accession process to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is a trade agreement between 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam), covering 500 million people. The announcement said the UK will continue to work closely with Japan, as this year’s…

On June 2, 2021, United States Trade Representative (USTR) Katherine Tai announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom. The final determination in those investigations is to impose additional tariffs of 25% on certain goods (specified in Annex A to each notice) from these countries, while suspending the tariffs for up to 180 days to provide additional time…

The scope of the two Open General Export Licences (OGEL) for security items has been further refined and amendments to the OGELs were on Wednesday (26 May 2021) published by the Department for International Trade in a Notice to Exporters. The updated OGELs permit the export of low risk information security items that rely on encryption technologies listed in Schedule 1 to each OGEL. The new Information Security OGELs cover a significantly wider range of items than the…

[The following is from the website of the company handling the consultation for the Department for International Trade (DIT).] As part of the UK’s new approach to US tariffs announced on 8th December 2020, the government announced it would be rolling over the rebalancing measures taken by the EU in response to the US Section 232 additional tariffs on UK steel, aluminium and derivatives. The government made clear at the time that the future of…

On 20 May 2021, the Department for International Trade (DIT) announced that UK firms will be given further help to become more globally competitive in a new scheme to suspend tariffs on certain imports. The announcement said: It will allow companies that use imports to ask for duties on them to be partially or wholly withdrawn for a set period, lowering production costs. During the UK’s membership of the EU, firms had to submit applications…