The Administration is hoping to see a quick resolution of consultations with Mexico over protection of relating to the protection of the critically endangered vaquita porpoise, the prevention of …

Congressional lawmakers chided US corporations for continuing to do business with China, saying that some firms are subsidizing Beijing’s human rights abuses, including forced labor. …

New foreign direct investment in the United States dropped by $185.1 billion – or 51 percent – in 2022, compared to the $362.6 billion recorded the previous year, the Commerce Department reported last week. Expenditures by foreign direct investors to acquire, establish or expand US businesses totaled $177.5 billion in 2022, according to the Bureau of Economic Analysis report.

The European Commission has adopted its adequacy decision for the European Union-US Data Privacy Framework, concluding that the United States ensures an adequate level of protection – …

The African Group has proposed initiatives for reforming the World Trade Organization (WTO) to promote industrial development. These proposals highlight six themes, with a focus on the transfer of technology and resilience building across sectors like agriculture, climate change, and e-commerce.

Treasury Secretary Janet Yellen yesterday described her meetings with top Chinese officials as “direct, substantive and productive,” but acknowledged “significant differences” …

The U.S. Treasury Department announced that Andrea Gacki has been appointed as the new Director of the Financial Crimes Enforcement Network (FinCEN). Previously, Gacki served as the head of the …

The Board of Directors of the Export-Import Bank of the United States (EXIM) announced their approval of a 400 million dollar credit guarantee for the trading book of a Swiss commodity trader. Financial Institution Buyer Credit (FIBC) policies backstop credit lines for Geneva – based Trafigura to broker natural gas purchases from the US “primarily to European Buyers,” according to the EXIM announcement.

Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions today on Aleksandar Vulin, a high-ranking Serbian official. Vulin has been associated with various illegal activities, including transnational organized crime and drug trafficking. As the Director of Serbia’s Security Information Agency, and former Minister of Defense and Minister of the Interior, Vulin is accused of exploiting his official roles to further Russia's interests in the Western Balkans, negatively affecting the region's stability and security.

Representative Mike Gallagher (R-WI), Chairman of the Select Committee on the CCP, and Representative Mike Thompson (D-CA) today unveiled a key piece of legislation that aims to broaden the …

A bipartisan group of lawmakers led by Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi of the Select Committee on the Chinese Communist Party introduced legislation aimed at …

The U.S. Department of Justice (DOJ) and the Office of the U.S. National Intelligence Director (ODNI) have declared the fulfillment of their commitments under President Joe Biden's Executive Order (EO) 14086 regarding the EU-U.S. Data Privacy Framework. Since 2020, when the European Court of Justice nullified the EU-U.S. Privacy Shield agreement due to concerns about U.S. government surveillance activities, the U.S. and the EU have been on a quest to establish a new data flow mechanism. This decision unsettled transatlantic data transfers and necessitated a resolution that would ensure enhanced privacy and data protection for EU data subjects. Secretary of Commerce Gina Raimondo said in a press statement that the DOJ's designation of EU member states, as well as Iceland, Liechtenstein, and Norway, as "qualifying states." These designations allow citizens of these nations to seek redress through the proposed Data Protection Review Court, offering enhanced U.S. privacy protections in the process.

Former senior London police officer, Nick Ephgrave, is set to lead the UK's Serious Fraud Office (SFO). The agency, known for investigating major business crimes, recently faced controversies and …

 The Department of Commerce's International Trade Administration (ITA) includes the U.S. and Foreign Commercial Service (CS), which assists and advocates for U.S. businesses in international markets.  CS is seeking feedback from the general public—including businesses that are new to exporting or not currently exporting—on ways to modernize services for the 21st century.

Regulatory requirements for export permit applicants for military and strategic goods and technology, as well as certain forest products, have been updated to increase clarity, align with current …

Several global trade concerns were raised in the Council for Trade in Goods meeting held on the 6th and 7th of July.   While no new trade concerns were presented in the meeting, numerous issues were discussed in the context of the 37 previously raised trade concerns, including Export Controls and Environmental Conservation.

As tensions simmer over issues ranging from Mexico's biotech corn and energy policies to Canadian dairy access, US Trade Representative Katherine Tai joined North American trade partners for a summit in Cancun this week. However, the thorny issues were not directly addressed, according to readouts from the meetings.

Friday July 7th, the European Commission launched a public consultation on the possible use of the Enforcement Regulation in its dispute settlement case on Indonesian nickel export restrictions. This step was taken after Indonesia appealed the World Trade Organization (WTO) Panel Report on the matter – which was favourable to the EU – to a non-functional Appellate Body, thus effectively blocking the final and binding resolution of the dispute through the WTO. …

Emily S. Weinstein and Kevin Wolf, in their publication for Georgetown University's CSET, propose the application of existing U.S. "catch-all" export controls to manage the proliferation of artificial intelligence (AI) technologies, including large language models (LLMs) such as GPT-4. They argue that the Bureau of Industry and Security's (BIS) "catch-all" controls, part of the Export Administration Regulations (EAR), could be an effective tool to mitigate potential misuse of AI and LLMs, particularly in the context of weapons development or battlefield deployment.

China has imposed export controls on gallium and germanium, two minerals critical to the production of semiconductors, missile systems, and solar cells. The timing of China's announcement, just before U.S. Independence Day and the arrival of U.S. Treasury Secretary Janet Yellen in Beijing, is perceived as a pointed message to the Biden administration.