The Uyghur Forced Labor Prevention Act took effect on June 21, 2022, and establishes a rebuttable presumption that all goods mined, produced, or manufactured wholly or in part in Xinjiang, China, or by entities identified on the “UFLPA Entity List,” are made with forced labor and prohibits them from entry into the United States under Section 307 of the Tariff Act of 1930.
Annual Compliance Conference
Our popular Annual Compliance Conference, which attracts over 6,000 in-house senior legal and compliance professionals from across the world, will be held across five weeks from 6 September – 6 October 2022. We will be virtually delivering our cutting-edge insights and guidance on key global compliance, investigations and ethics issues. Our global experts will provide practical insights and analysis on significant developments across:
– corruption and economic crime
– customs and FTAs
– ESG, supply chain and product compliance
– antitrust and competition
– export controls, sanctions and foreign investment
Click https://www.bakermckenzie.com/en/insight/events/2022/10/annual-compliance-conference to register your interest in joining us virtually at this must attend global compliance conference for senior in-house legal and compliance professionals.
On June 13, 2022, US Customs and Border Protection issued the long-awaited Uyghur Forced Labor Prevention Act Operational Guidance for Importers. The UFLPA requires CBP to apply a presumption that imports of all merchandise mined, produced, or manufactured wholly or in part in Xinjiang, China, or by entities identified on the “UFLPA Entity List,” are presumed to be made with forced labor and are prohibited from entry into the United States under Section 307 of the Tariff Act of 1930.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues New FAQs on Export Ban on Certain Services on 14 June 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 16 May 2022, the Biden administration announced the relaxing of certain limited Cuban sanctions and other regulatory changes to expand communication, travel, and commerce between the United States and Cuba. Following this, on 9 June 2022, the Department of the Treasury’s Office of Foreign Assets Control amended the Cuban Assets Control Regulations to implement some of the elements of the President’s foreign policy to increase support for the Cuban people.
Baker McKenzie’s Sanctions Blog published the alert titled United States: OFAC Reissues and Extends General License Authorizing Certain Transactions Involving the Central Bank of Russia, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation on 2 June 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC bans export of accounting, trust and corporate formation, and management consulting services to Russia; and issues new Russian SDN designations, Russia-related general licenses, and Russia-related FAQson 10 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The first wave of retaliatory tariffs against certain Chinese-origin goods (the so-called Section 301 duties) are set to terminate under the Trade Act of 1974. By statute, the measures terminate after 4 years unless an affected party benefitting from the tariffs submits a request to the United States Trade Representative that the action be continued within the final 60-days of the 4-year period. Once such a request is submitted, the USTR must conduct a review and determine whether the action should be continued. The first round of the Section 301 retaliatory tariffs on products of China, commonly known as “List 1,” was effective July 6, 2018, which means a request that this action be continued would need to be “submitted” between May 7, 2022 and July 6, 2022 to trigger USTR to conduct its review.
Join us for our 19th Annual Global Trade and Supply Chain Webinar Series entitled, “International Trade Developments in a Challenging New World,” which includes the latest international trade developments. This year, in a variety of sessions, our panels of experts will cover the key developments and latest trends on sanctions, export controls and Foreign Investment Review regimes. On the inbound side, there will be sessions on opportunities and compliance challenges arising out of FTAs, hot topics on Customs valuation, trends in customs audits and supply chain compliance challenges and logistics.
Baker McKenzie’s international trade compliance lawyers from around the world discussed the major global legislative, judicial and administrative activities and trends in export controls, trade sanctions, customs compliance, and import requirements in nine 75 minute sessions which took place from 16 to 18 November 2021.