Trade Policy

News & Analysis as of

[Webinar] The LMIA Process and Taking Advantage of CETA - Meritas Capability Webinar - May 11th, 10:00am U.S. CDT

The Government of Canada and the European Union will soon implement CETA, a free trade agreement allowing Canadian businesses to accelerate the trade of their goods, services and labour....more

Data Localization and the TPP: Financial Institutions Beware

After five years of negotiations, the Trans-Pacific Partnership (TPP) Agreement was finally signed in early February 2016 in Auckland, New Zealand. The TPP, which President Obama describes as a strategic "pivot" toward Asia,...more

The Trans-Pacific Partnership – Webinar Segment 2

Elliot J. Feldman conducted a webinar for The Knowledge Group on January 8, 2016 on the Trans-Pacific Partnership. Set out below is the essential text of Dr. Feldman’s presentation for segment 2 of that webinar. ...more

Doing Business in Cuba Under the FCPA, Part V

Today, I conclude my weeklong exploration of doing business in Cuba from the perspective of the Foreign Corrupt Practices Act (FCPA) with some final observations. One of the key themes throughout this week’s blog posts has...more

State Council Approved Pilot Program to Promote Service Trade

China Premier Li Keqiang presided over a State Council executive meeting on February 14, 2016 in which it was decided that China would commence a new pilot program (the “Pilot Program”) in ten cities and provinces along with...more

Your daily dose of financial news The Brief – 3.11.16

As expected, ECB President Mario Draghi announced yesterday an “aggressive package of quantitative easing measures” that had the immediate impact of sending stock and bond prices higher (at least for an hour or so)....more

What is President Trump’s Energy Policy?

We all know where the respective party “establishments” in Washington come down on climate change, clean power, and the pace at which the country should move to renewables as the primary source of energy (if at all). ...more

Cuba: The Risks and Rewards for U.S. Businesses

Background - Last week, the Obama Administration announced that the President intends to visit Cuba next month. He will find a political mixed bag of optimism and resignation. American businesses will find an equally...more

Brexit: The implications for UK manufacturers

The possibility of a UK exit from the EU (colloquially known as a Brexit) is high on the political, business and media agenda. What are the key questions for the manufacturing industry?...more

Customs Bill Strengthens Trade Enforcement

On February 11, 2016, the Senate passed the Trade Facilitation and Trade Enforcement Act of 2015 (H.R. 644) by a 75-20 vote. After passing the House of Representatives in December 2015, Senate action was delayed after a...more

New U.S. Trade Law Exposes Importers to Duty Evasion Allegations and Targets Currency Manipulation, Among Other Changes

This week Congress amended U.S. customs law to create new risks and opportunities for companies importing goods into the United States. Most significantly, the Trade Facilitation and Trade Enforcement Act (TFTEA) will...more

Despite the Fanfare, Iranian Sanctions Remain Largely in Place

To read many of the media reports, the United States has withdrawn sanctions on Iran and Iran is now open for business. Contrary to such reports, the United States sanctions on Iran remain substantially unchanged. ...more

"OFAC and BIS Ease Cuba Restrictions With New Amendments"

On January 27, 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) further eased U.S. sanctions and export control regulations...more

UK-Iran Trade – A New Chapter

The UK Foreign & Commonwealth Office recently hosted a panel discussion with UK business leaders to clarify UK trade policy on Iran following the lifting of sanctions. The principal points of note for those interested in...more

U.S. Trade Representative Releases Full Text of Trans-Pacific Partnership

The Obama Administration formally notified Congress on Nov. 5, 2015, of its intent to sign the Trans-Pacific Partnership (TPP), a significant free trade agreement involving some of the U.S.’ largest economic partners,...more

Manufacturing Outlook - 2015 Q4

Welcome to the 2015q4 Manufacturing Outlook report in partnership with DLA Piper. Last quarter we signalled that storm clouds were gathering on the horizon, and in the past three months it seems that the gloom – mainly...more

Bennett Jones Fall 2015 Economic Outlook

This fall Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth...more

Turkey’s “Additional Customs Duties” – Will Medical Devices Be Next?

In 2011, Turkey imposed for the first time “additional customs duties.” These are duties as high as 50% imposed on top of normal customs duties on certain goods entering the Turkish territory. These additional customs...more

Trans-Pacific Partnership Publicly Released, Approval is Next Hurdle

One month after announcing the conclusion of negotiations, the Office of the United States Trade Representative (USTR) today released the full text of the Trans-Pacific Partnership agreement (TPP). The TPP’s 12 partner...more

Focus on Government: Canada’s new cabinet

Yesterday, Canada’s 23rd Prime Minister, the Right Honourable Justin Trudeau, and the new Liberal cabinet formally assumed its duties after being sworn in at Rideau Hall. This took place after the Governor General accepted...more

Final Trans-Pacific Partnership Text is Released

Yesterday, the U.S. Trade Representative’s office published the full text of the Trans-Pacific Partnership setting up intense discussions in Congress about the agreement’s provisions on intellectual property, agriculture,...more

FMC Issues Final Rule Regarding Freight Forwarder and NVOCC Requirements

The U.S. Federal Maritime Commission (FMC) issued its Final Rule in FMC Docket 13-05 on Nov. 3, 2015. The Commission's October vote in favor of issuing the Final Rule concluded a multiyear review and rulemaking that largely...more

Key Policy Initiatives from Canada's New Liberal Government You Need to Anticipate

The Canadian election last week (October 19) produced a new government under Liberal Party leader Justin Trudeau. Defying speculation of a minority government, the Liberals won a clear majority, defeating the NDP and Stephen...more

Cuba Libre?

Cuba banned all private enterprise and foreign investment following Fidel Castro's 1959 revolution. For more than 50 years, the U.S. has imposed an almost total embargo on all trade with the largest Caribbean island nation. ...more

Trans-Pacific Partnership Has Challenges, Opportunities for U.S. Companies

The U.S. and its 11 negotiating partners – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – reached preliminary agreement on October 5, 2015, on the Trans-Pacific...more

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