On December 22, 2020, the US Commerce Department’s Bureau of Industry and Security (“BIS”) published a final rule (“Final Rule”) in the Federal Register adding 77 entities and individuals to the Entity List, including several prominent Chinese multinationals. The Final Rule took effect on December 18, 2020. On the same day, BIS also published FAQs […]
On December 22, 2020, the US Treasury Department’s Office of Foreign Assets Control (OFAC) formally added the Central Bank of Syria (“CBOS”) to the List of Specially Designated Nationals and Blocked Persons (the “SDN List”) along with certain high-ranking officials in the Syrian government and affiliated entities. Concurrent with OFAC’s designations, the US State Department […]
On December 21, 2020, CBP issued, CSMS #45244051 – GUIDANCE: Generalized System of Preferences (GSP) Expires effective, December 31, 2020, to inform the Trade that the Generalized System of Preferences (GSP), special program indicator (SPI) “A,” “A+,” and “A*”, will expire on December 31, 2020 if no Congressional legislation is passed to renew the program. […]
On December 21, 2020, CBP issued, CSMS #45244051 – GUIDANCE: Generalized System of Preferences (GSP) Expires effective, December 31, 2020, to inform the Trade that the Generalized System of Preferences (GSP), special program indicator (SPI) “A,” “A+,” and “A*”, will expire on December 31, 2020 if no Congressional legislation is passed to renew the program. […]
On December 18, 2020, the Bureau of Industry and Security (BIS) published in the Federal Register a notice [Docket No. 201214-0339] announcing that on November 23, 2020, the Secretary of Commerce terminated an investigation under section 232 of the Trade Expansion Act of 1962, as amended, which was initiated on May 19, 2020, to determine […]
On December 18, 2020, the Bureau of Industry and Security (BIS) published in the Federal Register a notice [Docket No. 201214-0339] announcing that on November 23, 2020, the Secretary of Commerce terminated an investigation under section 232 of the Trade Expansion Act of 1962, as amended, which was initiated on May 19, 2020, to determine […]
On December 16, 2020, US Department of the Treasury delivered to Congress the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. Treasury determined that both Vietnam and Switzerland are currency manipulators. See https://home.treasury.gov/system/files/206/December-2020-FX-Report-FINAL.pdf
On December 16, 2020, US Department of the Treasury delivered to Congress the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. Treasury determined that both Vietnam and Switzerland are currency manipulators. See https://home.treasury.gov/system/files/206/December-2020-FX-Report-FINAL.pdf
On December 15, 2020, the Office of the United States Trade Representative (USTR) published in the Federal Register a request for comments and notice of public hearing [Docket Number USTR-2020-0041] for its 2021 review to identify countries that deny adequate and effective protection of intellectual property (IP) rights or deny fair and equitable market access […]
On 7 October 2020, the European Commission adopted the revised Annex I (the “Dual-Use List“) to Regulation 428/2009 (the “Dual-Use Regulation“). The new Dual-Use List came into force on 15 December 2020. See https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2020:421:TOC