On October 19, 2020, the United States and Brazil agreed to an updated protocol for the 2011 Agreement on Trade and Economic Cooperation (ATEC) with three new annexes: Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anticorruption. U.S. Trade Representative Robert Lighthizer said that the protocol “uses the existing ATEC to establish common standards
President Trump Releases Report on Critical and Emerging Technologies
On October 15, 2020, the White House released a report, “National Strategy for Critical and Emerging Technologies,” outlining steps the United States will take to preserve its competitive edge in certain critical and emerging technologies. Noting in a statement the importance of U.S. dominance in the science and technology sectors, the White House
BIS Offers Opportunity for Six-Month Extensions of Export Licenses
On October 16, 2020, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a notice announcing that exporters may request six-month validity period extensions for export licenses that are currently due to expire on or before December 31, 2020. Acting Under Secretary for Industry and Security, Cordell Hull stated, “The streamlined process will
State Department Issues Hong Kong Autonomy Act Report
On October 14, 2020, pursuant to the Hong Kong Autonomy Act (HKAA), the State Department submitted to Congress a report identifying foreign persons “who are materially contributing to, have materially contributed to, or attempt to materially contribute to the failure of the People’s Republic of China (China) to meet its obligations under the Sino-British Joint
WTO Arbitrator Ruling on Airbus-Boeing Dispute Allows EU to Impose $4 Billion in Tariffs Annually on U.S. Products
On October 13, 2020, a World Trade Organization (WTO) arbitrator ruled that the European Union (EU) may take countermeasures/implement retaliatory tariffs against the United States for illegal subsidies to Boeing. This ruling allows the EU to request authorization from the WTO’s Dispute Settlement Body (DSB) to take countermeasures against the United States at a level
Trump Administration Issues Additional Iranian Sanctions, Targeting Iranian Banks and Affecting Foreign Banking Transactions
On October 8, 2020, the Departments of State and the Treasury announced sanctions on numerous Iranian financial institutions. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eighteen major Iranian banks. Secretary of the Treasury Steven Mnuchin stated that the sanctions “reflect our commitment to stop illicit access to U.S.
President Trump Announces Additional Solar Cell Section 201 Safeguard Tariffs
On October 10, 2020, President Donald Trump issued a Presidential Proclamation announcing further action to safeguard domestic production of crystalline silicon photovoltaic (CSPV) cells (i.e., solar cells). In June 2018, the president implemented tariffs on imports of certain solar cells (see Update of January 23, 2018) under Section 201 of the Trade
BIS Implements Controls on Water Cannons and Amends Licensing Policy to Address Human Rights Violations
On October 6, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published two final rules in the Federal Register, “Controls on Exports and Reexports of Water Cannon Systems” (“Water Cannon Controls”) and “Amendment to Licensing Policy for Items Controlled for Crime Control Reasons,” (“Licensing Policy Amendment”)
U.S. International Trade Commission Initiates Section 201 Safeguard Investigation into Imports of Fresh, Chilled or Frozen Blueberries
In accordance with a formal request from the Office of the U.S. Trade Representative (see Update of October 5, 2020), the U.S. International Trade Commission (USITC) has initiated a Section 201 global safeguard investigation “to determine whether fresh, chilled or frozen blueberries are being imported into the United States in such increased quantities
OFAC Again Issues License Delaying PdVSA 2020 8.5% Bond-Related Authorizations
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has issued General License (GL) 5E (Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After January 19, 2021), which continues to delay U.S. persons’ ability to enforce bondholder rights to the CITGO