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On 22 July 2022, the UK government published a policy paper entitled “Resilience for the future: The UK’s critical minerals strategy” (UKCMS). The UKCMS outlines how the UK will secure critical mineral supply chains to ensure the energy transition. It also sets out the UK state support for domestic production of critical minerals as well as enabling the supply from third-party nations.

Welcome to our Virtual Global Trade Conference, a virtual offering for all our clients and friends worldwide. Baker McKenzie’s international trade compliance lawyers from around the world discussed the major developments impacting international trade, in 75 minutes sessions which took place from 20 to 21 July 2022.

Baker McKenzie’s Sanctions Blog published the alert titled Canada bans the provision of two additional services to the Russian oil, gas, chemical and manufacturing industries, designates eight new sanctioned manufacturing industries on 20 July 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

TMT companies are often the first to develop innovative solutions and to face increasingly sophisticated regulation of key technologies they develop. As such, they have a unique opportunity to shape many areas including data strategies aligned to I&D, the future of remote work, and due diligence requirements for supply chains. A focus on data ethics underscores companies’ management of tangled data regulations and obligations as stewards of data. Additionally, TMT companies will also continue to develop and support innovative technologies to access and store renewable energy.

Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces an import ban on the trade of certain gold goods with Russia and designates 29 new individuals and 15 entities involved in disinformation activities on 11 July 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.