On December 24, 2020, the United Kingdom (“UK”) and the European Union (“EU”) concluded the EU-UK Trade and Cooperation Agreement (“TCA”) which came into force on January 1, 2021. While the UK was in the EU, trade between the two blocs was governed by the EU’s Single Market and Customs Union rules
This article seeks to assist potential users of the provisions of the Agreement Between the United States of America, the United Mexican States, and Canada (USMCA) to understand the multiple layers of review required for an issue to wend its way through the environmental review bodies.
With a new administration comes the regulatory freeze announcement and its potential impact on organizations and their strategic planning. Issuing a freeze is so common that the communications almost appear boilerplate. President Biden made interesting changes, however, in comparison to past presidents.
On December 2nd, the House of Representatives unanimously passed a bill that may ultimately cause Chinese companies to be delisted from the U.S. stock exchange. The purpose of the bill is to allow U.S. accounting regulators to audit Chinese companies that are traded on the U.S. stock exchange.
Customs authorities may investigate companies´ compliance with the customs procedures and rules of origin and initiate a new origin verification proceeding against those that used a NAFTA Certificate within a 5 year retroactive period.
Many people are aware of the Section 301 investigation into the unfair trade practices of the People’s Republic of China (PRC). However, a similar investigation has recently been initiated by the United States Trade Representative (USTR) into actions by Vietnam.
Although 2020 is not over yet (unfortunately), the Bureau of Industry and Security (“BIS”) has had a busy year by any measure.