On May 26, 2021, US Customs and Border Protection (CBP) will publish in the Federal Register a document [CBP Dec. 21-09] announcing the quota quantity of tuna in airtight containers for Calendar Year (CY) 2021.
On 16 May 2021, the People’s Republic of China’s Customs Tariff Commission of the State Council issued Circular [2021] No. 5 to extend the effective period for the second product exclusion list for the second batch of US products subject to Chinese retaliatory tariffs from 19 May 2021 to 25 December 2021.
The Cape Town Convention is designed to protect rights of owners and financiers in movable property, including aircraft and aircraft engines. As a result, lenders, banks, leasing companies and investors would be able to benefit from internationally recognized legal framework and standards for cross-border aircraft leasing and financing transactions. Borrowers and lessees (airlines) potentially should be able to better manage transaction risks, thus reducing costs in respect of Kyrgyz-registered aircraft or aircraft mortgaged by or leased to Kyrgyz entities.
The US Customs and Border Protection has issued a Withhold Release Order against a Chinese fishing fleet for suspected use of forced labor in its fishing operations. The WRO instructs CBP personnel at all US ports of entry to detain tuna, swordfish, and other seafood that has been harvested by a fleet of 32 vessels owned and operated by Dalian Ocean Fishing Co., Ltd.
On 28 May 2021, US Customs and Border Protection published in the Federal Register a notice of intent to distribute assessed antidumping or countervailing duties in connection with countervailing duty orders, antidumping duty orders, or findings under the Antidumping Act of 1921 (known collectively as the continued dumping and subsidy offset) for Fiscal Year 2021 pursuant to the Continued Dumping and Subsidy Offset Act of 2000 (CDSOA).
On 17 May 2021, the US Department of the Treasury’s Office of Foreign Assets Control issued an additional round of sanctions pursuant to Executive Order 14014 “Blocking Property with Respect to the Situation in Burma.” This client alert discusses some of the legal implications of the latest round of measures and their impact on businesses’ day-to-day operations in the country, including their dealings with ministries or government agencies that are headed by an SDN.
On 2 June 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.
Our partner, Adriana Ibarra, talks to us about Customs Compliance in this first installment of Compliance Community Connect.
As part of its updated 2020 Industrial Strategy, the EU Commission noted that the pandemic has highlighted the trading bloc’s technological and industrial strategy dependencies, which need to be analysed and addressed as part of Europe’s economic recovery.
On May 18, 2021, US Customs and Border Protection published in the Federal Register a notice that announces the decision of the Secretary of Homeland Security to terminate arrival restrictions applicable to flights to the United States carrying persons who have recently traveled from, or were otherwise present within, the Republic of Guinea.