Entries by admin

Issuance Of Ukraine & Russia Related General License

On May 31, 2018, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Ukraine-Russia-related General License 13B, which replaced and superseded General License 13A in its entirety. General License 13B extends the expiration date of the general license to 12:01 a.m. August 5, 2018. See https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180531_33.aspx 

US Issued New Proclamations On Steel And Aluminum Tariffs

The Aluminum proclamation eliminates the exemptions from the 10% tariff granted to Canada, Mexico, Brazil and the EU on behalf of its Member States, in earlier proclamations. In addition, quotas are established for aluminum imports from Argentina and steel imports from Argentina and Brazil, in addition to the quotas previously established for S. Korea. On […]

Distribution of Continued Dumping & Subsidy Offset to Affected Domestic Producers

Pursuant to the Continued Dumping and Subsidy Offset Act of 2000, this document is U.S. Customs and Border Protection’s (CBP) notice of intent to distribute assessed antidumping or countervailing duties (known as the continued dumping and subsidy offset) for Fiscal Year 2018 in connection with countervailing duty orders, antidumping duty orders, or findings under the […]

Tariff cut on IT products to push China’s industrial innovation

BEIJING (Xinhua) — China’s decision to cut tariffs on a wide range of technology products would help push the country’s industrial innovation, analysts pointed out. On September 22, 2016, China, the world’s largest IT products exporter, started cutting import duties on 201 IT products covered by the Information Technology Agreement (ITA), a global technology trade […]

China lifts ban on U.S. beef products

On September 22, 2016, Chinese authorities announced the conditional lifting of a 13-year import ban on some U.S. boneless beef and beef on the bone. The removal of the ban applies to cattle that are under 30 months old, according to a joint statement issued on September 22, 2016 by the Ministry of Agriculture and […]

Treasury Imposes Sanctions on Supporters of North Korea’s Weapons of Mass Destruction Proliferation

Action Targets a Company and Four Individuals Facilitating Transactions for Designated North Korean Entity   WASHINGTON – Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one company and four individuals tied to the Government of North Korea’s proliferation of weapons of mass destruction (WMD).  Specifically, OFAC imposed sanctions on […]

China aircraft maker to promote new generation planes at air show

BEIJING – The Aviation Industry Corp of China (AVIC) will promote its new generation aircraft at China’s upcoming aerospace trade show, the aircraft manufacturer said Thursday. The company’s heavy transport aircraft Y-20 and stealth fighter J-31, the major models in the new series, will be demonstrated at the 11th China International Aviation and Aerospace Exhibition, […]

Import growth points to economic stabilization

China’s imports in August rose for the first time in nearly two years while the decline in exports decelerated, signaling that government measures to stabilize growth may have taken effect, experts said on Thursday. Dollar-denominated imports beat expectations to increase by 1.5 percent year-on-year, reversing a 12.5 percent slump in July. Exports in dollar terms […]

Shanghai wants to be global shipping hub

Shanghai is keen to deepen the reform of becoming a global shipping hub with continuous higher throughput capacity of cargos, upgraded airport construction and comprehensive shipping services in the Yangtze River Delta. According to the 13th Five-Year Plan on forming Shanghai to be a global shipping center, released today by the municipal government, Shanghai port […]