Trade and Manufacturing Monitor
FEMA Issues New Rule Requiring Approval for Exports of Certain Personal Protective Equipment
On April 10, 2020, the Federal Emergency Management Agency (FEMA) issued a temporary final rule (TFR), pursuant to the Defense Protection Act (DPA) and related authorities [1], to require explicit approval for exports…
COVID-19 – Four Key International Trade Compliance Considerations
Even as companies make rapid changes to respond to business challenges posed by the COVID-19 pandemic, executives and compliance team leaders must protect their company and employees by continuing to comply with…
U.S. Proposes Framework for Transition and Lifting of Venezuela Sanctions
Elliott Abrams, the U.S. Special Representative for Venezuela, announced a plan to lift sanctions on Venezuela should the Maduro regime step aside to permit a transitional government to be elected until full elections…
Do Manufacturers Have to Report All Iranian Sales Inquiries to OFAC or Only Those They Have Formally Rejected?
Treasury Issues New Guidance Regarding June 21, 2019 Amendment to the Reporting, Procedures, and Penalties Regulations (“RPPR”) In late February, the U.S. Department of Treasury’s Office of Foreign Assets Control…
Step Right Up: Opportunity to Shape new UK Tariff Policy
The United Kingdom will need a new most favored nation tariff regime as early as January 2021 when the current Brexit transition could come to an end and is calling on businesses, consumers, and others to advise which…