The Russian invasion of Ukraine changed export compliance dramatically, said Howard Mendelsohn, chief client officer for Kharon, "where the onus is on industry like it’s never been before to sort of find a way to be proactive." Mendelsohn, whose firm provides risk intelligence to businesses, spoke at an OCR Services trade compliance conference Oct. 17 in Bethesda, Maryland, outside Washington, D.C. He said exporters have to be proactive on blocking reports and applying for licenses, and importers have to find another supplier.
The EU's top trade official, Valdis Dombrovskis, said EU and U.S. negotiators haven't given up on their Oct. 31 deadline to address both non-market overcapacity in steel and aluminum and ways to privilege trade in cleaner metals.
Rep. Andy Kim, D-N.J., one of the less hawkish members of the House Select Committee on the Chinese Communist Party, bemoaned the fact that the original title of the committee, which talked about strategic competition, has been forgotten.
Senate Majority Leader Chuck Schumer, D-N.Y., said he spoke candidly with Chinese President Xi Jinping on a trip to Shanghai, saying China needs to stop unfair treatment of U.S. firms with operations in China.
Sen. Tim Kaine, D-Va., is asking the Biden administration to strengthen the Americas Partnership for Economic Prosperity (APEP), concerned that the aim has moved from an on-paper agreement to a mere forum.
A large group of House members, including some of the most powerful Republicans in the chamber, are asking the U.S. trade representative to tell the EU to designate the U.S. as a "low-risk" country under its new deforestation-free regulation. Exporters of wood products must be in compliance with the law beginning Jan. 1, 2025.
An academic and a think tank scholar agreed that, despite the upcoming visit between the EU president and the U.S. president, they don't expect the global arrangement on steel and aluminum negotiations to conclude by their Oct. 31 deadline.
Sanctions and enforcement professionals from the U.K., the EU and the U.S. said although they are pleased with the unprecedented unity and coordination among nations opposed to the Russian invasion of Ukraine, it is an ongoing challenge to fight export control evasion and asset hiding among Russian elites.
A think tank with roots in libertarianism that now supports a carbon tax warned that members of Congress who want to pass a carbon border adjustment tax without a domestic carbon tax face more than just litigation at the World Trade Organization.
A former Office of the U.S. Trade Representative career negotiator and a former Trump administration trade adviser say that even if the U.S. is not going to reenter into a tweaked Trans-Pacific Partnership -- as they advised in an earlier think tank piece -- the U.S. needs to take trade negotiations in Asia more seriously to not get left behind.