Representatives of the EU and New Zealand held negotiations from 14 to 31 March 2022, discussing most areas of the future free trade agreement between the jurisdictions. According to a two-pager published by the European Commission, EU’s request to be exempt from New Zealand’s import customs fees is the only outstanding element in the text as far as the topic “Trade in goods” is concerned.
In 2014, Ukraine and the EU signed a free-trade agreement in the form of an Association Agreement that contains a Title IV which relates to trade and trade related matters and has been applied since 1 January 2016. Article 29 of the Association Agreement provides for the progressive elimination of customs duties in accordance with the schedules included in the agreement and envisages the possibility to accelerate and broaden such elimination. Following a request of Ukraine, the European Commission has decided to put forward a proposal introducing the following trade-liberalising measures for products originating in Ukraine.
Baker McKenzie’s Sanctions Blog published the alert titled Ukraine may cancel marketing authorizations for pharmaceuticals held by companies with ties to pharmaceutical manufacturing in Russia or Belarus on 9 May 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 issues new and amended Russia-related general licenses and FAQs; BIS issues new Russia-related FAQs on 9 May 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.
Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces additional designations on 21 Russian oligarchs, their family members and close associates on 10 May 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 Canada introduces additional designations on 19 Russian senior defence officials and 5 defence sector entities on 10 May 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 Russia imposes blocking sanctions on foreign energy companies on 12 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
We’re pleased to announce the publication of the third edition of Ukrainian Laws in Wartime: Guide for International and Domestic Businesses. This guide provides a brief overview of the key features of such wartime legislation. It is structured as a set of responses to the most common questions raised and considered by international and Ukrainian businesses these days
The unprecedented level of sanctions imposed on Russia from jurisdictions around the world, as well as Russian counter-sanctions, has required multinational businesses in Russia to act swiftly in ensuring they remain compliant and, in many cases, has led to the cessation of Russian operations altogether.
We invite you to join a further webinar on 7 June hosted by our Russia experts in Moscow, and moderated by the chair of our International Commercial & Trade Practice Group, who will provide an overview of key considerations and best practices based on our experience advising clients