Ambassador Einar Gunnarsson of Iceland, Chair of the Doha fisheries subsidies negotiations, intends to concentrate the fourth World Trade Organization's "Fish Week" on in-depth exploration of …

  The United States outlined its ambitions last week for a "revamped dispute resolution system" within the World Trade Organization (WTO). One of the key tenets includes prohibiting discussions on national security matters during the arbitration process. The US proposal, however, left out any reference to maintaining the current two-tiered system for dispute resolution that includes an Appellate Body as the final arbiter in the WTO's enforcement operations.

The European Union has established an anti-circumvention framework, akin to the United States' "secondary sanctions" system, which potentially empowers the EU to sanction third countries that assist trade with nations under sanctions, including Russia. However, EU officials suggest that this framework may be a diplomatic deterrent more than an immediate plan of action, as the bloc seeks to avoid driving these third-party nations towards Russia and China.

On June 27, 2023, the U.S. Department of State published its 2023 Fiscal Transparency Report, revealing that out of 141 global posts surveyed, only 72 governments met the basic criteria for fiscal …

Gateway Recruiting released the results of its 2023 Trade Compliance Salary survey.  The survey shows that the demand for trade compliance professionals remains strong and the pool of qualified candidates remains limited.  This year, the data interestingly shows a rise in compensation within the U.S, while witnessing a drop across most of the rest of the globe. 

31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of the current year by September 30.

OFAC will retire the PIP, DEL, and SDALL.ZIP sanctions list file formats on or about August 15, 2023. OFAC will continue to offer for public download, the XML, CSV, and FF file formats, the ZIP files SDN_XML and SDN_Advanced, and PDF versions for OFAC’s sanctions list(s).

A Washington State man recieved suspended punishment for export violations committed five years ago.  Jaeyoun Jung, of Puyallup faces a a two-year denial of his export privileges, suspended for a two-year probationary period, then waived, provided that Jung has not committed another violation, and has completed an export controls compliance training.

The operating practice of trade compliance is bifurcated into customer due diligence (CDD) and managing import and export controls.   CDD involves vetting customers and suppliers using …

Secretary of State Antony Blinken had a lengthy conversation with Chinese officials last week over Beijing’s belief that the United States is trying to “contain” it economically. …

The US International Development Finance Corporation (DFC) has approved a $300 million financing package for "sustainable infrastructure" projects in nations participating in the Indo-Pacific …

Commerce Secretary Gina Raimondo said she is eager to see “actionable strategies” at the first meeting under the Biden Administration of the President’s Export Council yesterday. …

The Commerce Department released its 2023 National Export Strategy, setting out US trade promotion priorities and a coordinated, whole-of-government framework to better equip US companies and workers …

North American trade and labor officials discussed policies to prevent violence and discrimination in the workplace and keeping products made with forced labor out of their markets at the second …

The US goods trade deficit fell in May to $91.1 billion in May, down by $6 billion from the $97.1 billion recorded in April, according to an advance report released yesterday by the Commerce …

House Select Committee on China Chairman Mike Gallagher (R-Wisc) and House Oversight Committee Chairman James Comer (R-Ky) have asked US Postmaster General Louis DeJoy to provide records of …

Members of the House Select Committee on China, including Chairman Rep. Mike Gallagher (R-Wisc) and Republican Conference Chair Elise Stefanik (R-NY) are urging the Administration not to renew the US-China agreement on cooperation in science and technology.

A group of House Democrats is calling on the Administration to suspend trade talks with Kenya until Kenyan President William Ruto commits to vetoing any legislation that further criminalizes the …

The United States and Mongolia signed a memorandum of understanding yesterday to jointly advance security and resilient critical mineral supply chains in the Indo-Pacific. Washington is looking …

India is contemplating whether to join the trade pillar of the Indo-Pacific Economic Forum, but the United States is somewhat reluctant to allow New Delhi’s entry into this pillar, our …