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The German SupplyChain 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.
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
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?
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, supplychain and product compliance View the detailed agenda for all sessions during the conference.
As the final weeks of calendar-year 2024 draw to a close, we have highlighted some of the top trade issues impacting entities doing business in Canada and Canadian companies operating abroad. Summer 2024 was busy with government initiated-consultations focused on economic resilience and national security.
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.
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.
From May to August 2023, the Government passed into law novel supplychain transparency legislation and introduced amendments and legislative proposals that are impacting, or will impact, compliance with Canadian customs, export controls, and economic sanctions legislation.
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 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.
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.
For example, EU AD/AS duties on Indonesian stainless steel apply on stainless steel with non-preferential origin Indonesia, regardless of the country of export. Update : On 5 September 2024, the Court of Justice of the European Union (“ CJEU ”) rendered judgment in case C-67/23 S.Z.
12 Responsible Consumption and Production , calls for a systemic approach and cooperation among all stakeholders along the supplychain to achieve sustainable production and consumption patterns. 2024 issue of Government Procurement. Sustainable Development Goal (SDG) No. Specifically, SDG 12.7
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. gigawatts “to ensure domestic module manufacturing continues to grow while manufacturers scale production throughout the supplychain.”
The National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 , signed into law on December 22, 2023, makes numerous changes to acquisition policy. The FY 2024 NDAA also includes the Federal Data Center Enhancement Act, the American Security Drone Act, and the Intelligence Authorization Act for FY 2024.
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.
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. As such, the final CMMC rule probably will not become effective until Summer 2024 (at the earliest).
As we begin 2024, the first two months promise to be especially busy, with a number of key regulations on the horizon. In response to stakeholder input, GSA has provided temporary flexibilities for EPA requests through Acquisition Letter MV-22-02 , which was originally published in March 2022 and has been extended through March 2024.
On April 22, 2024, the United States Trade Representative (USTR) announced its initiation of a Section 301 investigation into China’s acts, policies and practices in the maritime, logistics, and shipbuilding sectors. Additionally the USTR will hold a public hearing on May 29, 2024.
Following our recent overview of key topics to watch in the National Defense Authorization Act (“NDAA”) for Fiscal Year (“FY”) 2024, available here , we continue our coverage with a “deep dive” into NDAA provisions related to the People’s Republic of China (“China” or “PRC”) in each of the House and Senate bills. relationship with Taiwan.
And, “[t]he four components of gross domestic product are personal consumption, business investment, government spending, and net exports.” [28] 68] Moreover, CBO projects that “[n]et outlays for [national debt] interest [to] nearly double over the period in CBO’s projections, rising from $739 billion in 2024 to $1.4 trillion. [60]
In parallel, the Pentagon’s release of key Cybersecurity Maturity Model Certification (CMMC) contracting rules aims to fortify the defense supplychain against cyber threats. A bipartisan Senate bill seeks to mandate cybersecurity vulnerability disclosures by contractors, enhancing national security. Have a great weekend!
The global trade landscape has once again been shaken by the Trump administrations announcement of new US tariffs (Bloomberg, 2024). Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, directly highlighting the impact of US tariffs on UK supplychains.
We are thrilled to announce the return of Baker McKenzie’s Asia Pacific Trade Conference , the premier flagship event for our Trade Practice Group in Asia Pacific where trade experts from 10 APAC jurisdictions will discuss the evolving geopolitical and trade regulatory landscape effecting supplychains in APAC.
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. This will allow reporting entities to align and streamline public statements regarding supplychain compliance efforts across jurisdictions.
On 15 December 2024, the United Kingdom (UK) joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This will also be the case in Australia from 24 December 2024 and in Canada and Mexico 60 days after the countries ratify the agreement.
This architecture enables the transformation of raw data from farms, factories, and fisheries into timely, high-quality quantitative and qualitative insights, supporting partner impact evaluation and enhancing transparency across the supplychain. Premium generation and supplychain tracking via the Insights Hub.
” With a weakening Canadian dollar and the foreclosure of a major export market due to the U.S. However, for the first time, the 2023-2024 Investment Canada Act Annual Report confirmed that a U.S. tariffs, or any other economic conditions. Historically, investment from the U.S.
Whether working to export state-controlled 5G or AI-enabled technologies or pushing global standards that benefit the CCP and Chinese tech companies, China is aggressively moving to dominate global fora and using diplomacy (among other methods) to do it.
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. goods and exporters to the U.S. exporters and businesses. This article focuses on Canada’s customs regime. If the U.S.
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