Treasury's Office of Foreign Assets Control (OFAC) has issued a warning to shipowners, protection and indemnity clubs, and flagging registries about deceptive practices involving Russian oil exports.

A report to congress on the impact of the government's primary economic diplomacy vehicle for Africa concludes it has been modest at best.

Top Treasury Department officials are embarking on a two-week journey through Central Europe and Central Asia to garner support for measures countering Russia's evasion of sanctions imposed due to the ongoing war in Ukraine.

Participants to the Arrangement on Officially Supported Export Credits announced a modernization of the Arrangement on March 31, 2023, after several years of negotiations. The aim of the agreement …

Treasury’s Office of Foreign Assets Control (OFAC) designated two entities in the People’s Republic of China (PRC) and five individuals, based in the PRC and Guatemala, for supplying …

A bipartisan group of senators have reintroduced the National Manufacturing Advisory Council for the 21st Century Act to establish a National Manufacturing Advisory Council within the U.S. Department of Commerce.

The Administration may soon reach agreement on an “early harvest” in its ongoing trade negotiations with Taiwan, Deputy US Trade Representative Sarah Bianchi said last week. Negotiations on the US-Taiwan 21st Century Trade Initiative began last June and “we hope to conclude an early harvest soon,” she told a conference.

The Administration and US business are looking ahead to the end of the war in Ukraine and the need for major reconstruction in the war-torn country. Reconstruction will take years and the price tag will be high, Commerce Secretary Gina Raimondo said yesterday at a conference sponsored by the US Chamber of Commerce to launch its Ukraine Business Initiative.

The Bureau of Industry and Security (BIS), Department of Commerce is announcing its recruitment of candidates to serve on one of its six Technical Advisory Committees (“TACs” or “Committees”). TAC members advise the Department of Commerce on the technical parameters for export controls applicable to dual-use items (commodities, software, and technology) and on the administration of those controls.

The United States and European Union need to produce more results on trade through the bilateral Trade and Technology Council, European Trade Commissioner Valdis Dombrovskis said Wednesday.

World Trade Organization Director General Ngozi Okonjo-Iweala cautioned WTO members to be realistic about what can be achieved at the 13th ministerial meeting planned for next February. But at the …

Chinese "fast fashion" platforms like Shein and Temu are expanding rapidly in the United States, raising concerns about exploitation of trade loopholes, sourcing relationships, product safety, and forced labor. A report released by the US China Economic Security Review Commission details the concerns, highlighting the merchants’ rapid growth, policy concerns, and reccomendations.

According to a report by the United Nations on the Democratic People's Republic of Korea (DPRK), the country's nuclear weapons program has accelerated despite no nuclear tests during the reporting period, and sanctions evasion is rampant. The Report by the Panel of Experts is prepared annually for the Security Council to document compliance with the body's resolutions.

In a move to counter what it sees as a violation of the one-China principle, China has announced sanctions against two American institutions and four individuals involved in hosting Taiwan's leader, Tsai Ing-wen, during her recent visit to the United States. Tsai's visit took place from 29 to 31 March and from 4 to 6 April 2023.

Treasury, Commerce, State and the UK's Foreign Office launched a coordinated expansion of sanctions on the Russian military-industrial complex, as well as the personal holdings and advisors of a prominent oligarch.

Despite US sanctions on Russia following the invasion of Ukraine, hundreds of millions of dollars' worth of US-made semiconductors continue to flow into Russia through circuitous routes, according to reporting in Nikkei Asia.   A large portion of these chips are channeled through small traders in Hong Kong and mainland China.

The lead sponsors of the Uyghur Forced Labor Prevention Act (UFLPA),  have written a letter to the Department of Homeland Security Under Secretary, Robert P. Silvers, expressing concerns about the transparency and effectiveness of the law's enforcement.

The global transition to a green economy faces a serious challenge as the supply of critical raw materials struggles to keep pace with growing demand, warns a new policy paper from the Organization for Economic Co-operation and Development (OECD). The report, Raw Materials for the Green Transition: Production, International Trade and Export Restrictions, emphasizes the need for a substantial increase in production and international trade of these materials in order to meet net zero CO2 emissions targets.

U.S. Customs and Border Protection (CBP) released Monday a new guidance document containing best practices for customs brokers on how to prepare for and respond to a cyber-attack. The new resource makes recommendations on how to prevent, respond to, and recover from potential cyber-attacks on customs broker data systems, from proactively putting in place plans and preventative IT controls to resuming normal business operations upon system remediation.

The United States formally accepted the Agreement on Fisheries Subsidies, Tuesday, becoming the fourth WTO member and the first among large fishing nations to do so. The formal acceptance by the US marks a significant moment for the approaching entry into force of the landmark agreement for ocean sustainability.