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Baker McKenzies Canadian international trade and customs team is publishing a series of articles reviewing 2024 trade and customs compliance developments and looking ahead to 2025s burgeoning issues. Market Watch Unit In the 2024 federal budget , the Government of Canada proposed $10.5
In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments Conference. The post 2024 Global Year-End Review of Import/Export & Trade Compliance Developments Conference appeared first on Import and Trade Remedies Blog.
On April 22, 2024, the Ministry of Economy published in the Federal Official Gazette an amendment to the Tariff Schedule of the General Import and Export Duties Law (“TIGIE” for its acronym in Spanish) increasing the duty rate applicable to 544 tariff items of the TIGIE.
The Customs (Preferential Trade Arrangements: Error in Evidence of Origin) Regulations 2024 (the “ Regulations ”), which introduce into UK law the obligation for exporters to notify their customers if they discover any material error in a Certificate of Origin they have issued, have come into force on 13 March 2024.
Department of Commerce’s Bureau of Industry and Security) where he will share his insights on what to expect in the year ahead for export enforcement. Axelrod currently serves as the Assistant Secretary for Export Enforcement at the U.S. national security by enforcing the country’s export control laws. Register here Questions?
On 12 June 2024, the European Commission proposed provisional countervailing duties for imports into the European Union (“ EU “) of new battery electric vehicles designed for the transport of persons (“ EVs “) originating from the People’s Republic of China.
As of 1 January 2024, Switzerland will abolish its industrial tariffs on the import of industrial goods. Consumers should also benefit from the measure as import duties are still currently levied on various consumer goods such as cars, bicycles, personal care products, household appliances and clothing.
On March 4, 2025, the Korea Trade Commission (KTC) announced the launch of the anti-dumping (AD) investigation into hot-rolled steel plates imported from Japan and China. With protectionism on the rise in various countries and South Korea’s exports also struggling to grow, the unprecedented AD investigation against Japan is progressing.
We invite you to join us to gain practical insights and analysis on significant developments across: antitrust and competition export controls, sanctions and foreign investment customs and FTAs anti-bribery, corruption and economic crime ESG, supply chain and product compliance View the detailed agenda for all sessions during the conference.
On July 4, 2024, the Canada Border Services Agency (CBSA) announced its compliance priorities for commercial imports and it updated its 2024 trade verification priorities. An analysis of the July 2024 compliance and trade verification priorities is outlined below. up to 300%).
trade actions that have or may impose new or increased tariffs on certain imports of Chinese merchandise and solar products. Section 201 On May 16, 2024, the Biden Administration announced changes to safeguard duties under Section 201 currently in effect on certain solar product imports from numerous countries.
The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. However, the scope will be extended to companies that employ at least 1,000 employees from 1 January 2024. Export and import of certain hazardous wastes.
А56-16212/2024). Background By way of background, Uniper and Metha entered into a series of long-term gas supply contracts with the Russian state-owned company Gazprom Export (“Gazprom”). The reasons behind this decision are sanctions and the now infamous Article 248.1 This case is not the first of its kind.
Published by Mexico’s tax administration service on 14 October 2024 On 14 October 2024, the 2nd Resolution of Amendments to the Foreign Trade General Rules (FTGR) for 2024 and Annexes 1, 2, 5 and 24 were published in the evening edition of the Federal Official Gazette.
On 5 January 2024, the Ministry of Commerce of China (“MOFCOM”) initiated an antidumping investigation of brandy imported from the European Union (“EU”). During the registration, the applicants are required to report the quantities and values of the subject exports.
The relevant part of the respective agreement – that specifies the reductions to be implemented by 2024 – can be found here. The declaration of goods upon import, export, or when subject to intra-Community trade statistics between EU Member States is based on the CN. The publication of the 2024 CN can be found here.
On 20 February 2024, the financial intelligence agencies of Canada (FINTRAC), Germany (FIU DE) and the Netherlands (FIU-NL) released a joint advisory regarding illegal procurement of dual-use goods by Russian end-users ( Joint Advisory ).
In 2023, the EU applied anti-dumping or anti-subsidy duties (together “AD/AS duties”) on imports of 141 products from 20 countries. The EU regularly extends these duties to imports of these products from other countries to counter circumvention. Option (2) conflates both concepts, which are legally separate.
On July 2, 2024, the Government of Canada launched a 30-day consultation on proposed policy responses to surplus supply of Chinese electric vehicles (EV). The Government’s June 24, 2024 Press Release is available here. Concerned parties may submit comments to the Government until August 1, 2024. View the Consultation here.
In brief Proposed amendments to the Customs Rules (Rules) under sections 40(3), 41(4), and 120 of the Customs and Excise Act were published for public comment by the South African Revenue Service (SARS) in January 2024. Public comments on the proposed rules close on 9 February 2024. supporting documents) from the exporter.
On 7 December 2023, the government announced a package of customs simplification measures to simplify export and import processes for traders. The government will engage further with stakeholders in early 2024.
Recognising this, Templars, a top-tier Nigerian law firm, hosted an event on 6 February 2024, titled “The Role of Arbitration in the Energy Transition in Africa”, as part of the 2024 LCIA West-Africa Roadshow. In February 2024 , Total Energies announced its plan to sell its minority stake in a Nigerian joint venture.
114-125 ) to increase the de minimis threshold for imports into the United States from $200 to $800, far exceeding similar thresholds in other countries globally. 10.151), imports that qualify for Section 321 treatment are entered under informal entry procedures, which do not require a U.S. e-commerce imports in fiscal year 2022.
The EU has held political talks on a law that will ban the sale on the EU market of products made with forced labour, as well as the export of such products from the EU. The restrictions will cover all types of goods, whether manufactured in or imported into the EU, which are wholly or partially made using forced (including child) labour.
The publication is following the EU Councils approval of the Regulation on 19 November 2024. Under the Regulation, all products (including their components) manufactured using forced labour will be banned from being placed or made available on the market in the EU, or exported from the EU.
From May to August 2023, the Government passed into law novel supply chain transparency legislation and introduced amendments and legislative proposals that are impacting, or will impact, compliance with Canadian customs, export controls, and economic sanctions legislation.
As part of the London International Disputes Week 2024 International Arbitration Day, Kirkland & Ellis hosted a “Panel Session on Space – Arbitration for Low Earth Orbit Disputes and Beyond.” While this has changed, State and State-controlled actors remain important players in the industry. However, Ms. the ICC or the LCIA.
When importing goods into the UK, traders are required to account for any applicable customs duty and import VAT (collectively “ Duties “) on import unless they can utilise a customs special procedure to delay or reduce payment of these amounts.
On Monday 18 March 2024, ESSEC Business School and EFILA co-organized a panel discussion within the framework of the Paris Arbitration Week (“PAW”) 2024, discussing the interactions between Human Rights, Environmental, Societal and Governance (“ESG”), Civil Society and investment arbitration. The event was hosted by Prof.
In April 2024, a law passed by the Investment Authority opened the import, wholesale, retail and export (of raw coffee, khat, oilseeds, pulses, hides and skins, forest products, poultry and livestock bought from the local market) sectors to foreign investments.
On 23 April 2024, the European Parliament approved the proposal of the EU Forced Labour Regulation (“ Regulation “). Under the Regulation, all products (including their components) manufactured using forced labour or placed and made available on the market in the EU, or exported from the EU will be banned.
On 13 March 2024, the European Council and European Parliament agreed the final text of the proposed EU Forced Labour Regulation (“ Regulation “). This is expected to take place in the week of 22 April 2024. It is expected that the Regulation will enter into force by the summer of 2024.
On 23 September 2024, the European Commission published the proposal to amend the EU Combined Nomenclature (“ CN ”). The declaration of goods upon import, export, or when subject to intra-Community trade statistics between EU Member States is based on the CN. The amended version of the CN will apply from 1 January 2025.
The Singapore International Arbitration Centre (“SIAC”) hosted its Annual India Conferences in Mumbai and Delhi on 6 and 7 September 2024. Chief Justice Upadhyaya also emphasised the importance of cross-jurisdictional collaboration and commended Singapore’s efforts in fostering an arbitration-friendly environment.
On Tuesday 5 March 2024, the European Council and European Parliament reached a provisional agreement on the EU Forced Labour Regulation (“ Regulation “), which will prohibit the placing and making available on the EU market, or the export from the EU market, of products made, extracted or harvested using forced labour.
As environmental issues have become more important to governments and administrations within the last few decades, it has gotten easier to identify ways to leverage purchasing to support these goals. This factor might be included as an important score in the overall evaluation rating scale. 2024 issue of Government Procurement.
In brief The new EU Deforestation Regulation (2023/1115/EU) will impose due diligence obligations from 30 December 2024 aimed at tackling deforestation and forest degradation. Fines can also be issued, with the maximum fine corresponding to at least 4% of total annual turnover in the EU.
At its 57 th Session , taking place in New York between 24 June and 12 July 2024, the United Nations Commission on International Trade Law (“UNCITRAL”) will discuss the adoption “in principle” of the draft statute of an advisory centre on international investment dispute resolution. 37, and January 2024 Session Report , paras.
Under certain conditions, the EU says, well-designed subsidy schemes can make an important contribution to achieving climate transition and other environmental goals. extra import duties) aim to offset the benefits of subsidies to beneficiaries that export subsidized products. to its hydrogen industry.
This post reviews some highlights and looks forward to developments anticipated during 2024. Chongqing SENCI Import & Export Trade Co., District Courts and Looking Ahead to 2024 In 2023, the U.S. Both cases are now on appeal to the DC Circuit and are scheduled to be heard in February 2024. Bielski , No.
In this case (2024), the ground of procedural public policy is analysed. 22-CV-1761 (LAK), 20 February 2024 Marcio Vasconcellos, King & Spalding LLP, ITA Reporter for the United States of America On February 6, 2024, the Southern District of New York (‘SDNY’) issued an anti-suit injunction in Telecom Business Solutions, LLC, et al.
22] Plainly, approximately (22) months after October 2022 is on or about August to September 2024. could enter a recession by the late summer to early fall of 2024. 25] On February 4, 2024, the Federal Reserve Bank of New York stated that the probability of recession in the next twelve months is at 61.473%. [26]
On 13 June 2024, Italian Arbitration Day took place in Rome. Economic sanctions also include a “no Russia” clause, which prohibits the import and export of certain Russian goods. The full-day conference saw a large number of arbitration practitioners dealing with the issue of globalization and geography in the arbitration.
Below we outline the key portions of the Proposed Rule that will be of particular importance to defense contractors. There is a 60-day comment period for the Proposed Rule, with comments due February 26, 2024. Currently, it is anticipated that a Notice of Proposed Rulemaking (NPRM) for this DFARS case will be released in March 2024.
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