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Canada, Mexico, US Agencies Unite on Safety Recommendations for Chargers
April 8, 2019 |Americas

Three product safety agencies of North America -- the U.S. Consumer Product Safety Commission, Health Canada and the Consumer Protection Federal Agency of Mexico -- jointly developed consensus recommendations to improve test methods for ensuring the safety of AC and USB chargers, the CPSC said in an April 4 news release. In trilateral letters to the standards development organizations in the three countries, the agencies recommended new testing to assess potential fire and burn hazards caused by AC and USB chargers for small electronic devices. The effort is the first example of a joint consumer product safety standard recommendation developed among multiple governments that aren’t members of a single administrative region, they said. The goal of the multiyear project is to foster closer alignment of consumer product safety requirements through technical consultations and to seek consensus approaches to consumer product hazards not yet being addressed through formal regulatory or standards work, they said.

House Members Urge Subcommittee to Fully Fund CFIUS
April 8, 2019 |Congress

A Republican and a Democratic representative are urging the House Appropriations Subcommittee on Financial Services to fully fund the Committee on Foreign Investment in the United States (CFIUS) in the wake of the president's 2019 budget request. Reps. Denny Heck, D-Wash., and Mike Gallagher, R-Wis., were planning to send a letter to the subcommittee about the critical role played by CFIUS, which was reformed in 2018 when Congress passed the Foreign Investment Risk Review Modernization Act (FIRRMA). FIRRMA expanded the jurisdiction of CFIUS when the committee reviews transactions by foreign entities in the U.S. to determine their effect on national security, according to the Treasury Department. Among many changes, FIRRMA expanded which transactions CFIUS can review and allowed it to undertake lengthier investigations. In their letter, the representatives stressed the importance of granting “dedicated funds” to CFIUS, as the Treasury recommended in its budget request. “Lack of resources would impair how effectively CFIUS can enforce mitigation agreements and its ability to maintain awareness of relevant non-notified transactions,” the letter says.

Topics:Committee on Foreign Investment in the United States (CFIUS)
USMCA Adds Complexity to Automotive Rules of Origin, Experts Say
April 8, 2019 |Tariffs and Trade Negotiations

The United States-Mexico-Canada Agreement contains the most complex automotive rules of origin of any trade deal, significantly raising rule requirements for the industry and steeply increasing costs for compliance programs, several experts said at an April 4 Center for Strategic and International Studies panel. Several industry leaders said the USMCA will force many companies in the automotive supply chain to make substantial changes. “The USMCA rule of origin is now by far the most complex, stringent requirement that exists in any free trade agreement in the world,” said Matt Blunt, president of the American Automotive Policy Council. “It really will force manufacturers to think more about the rule of origin and their sourcing decisions than they’ve ever done before.”

OFAC Sanctions Companies for Operating in Venezuelan Oil Sector
April 8, 2019 |Sanctions

The Treasury's Office of Foreign Assets Control sanctioned two oil companies operating in the Venezuelan oil sector and identified 34 ships associated with Petróleos de Venezuela (PdVSA), according to an April 5 press release. OFAC identified the two shipping companies as Liberia-based Ballito Bay Shipping Incorporated and Greece-based ProPer In Management Incorporated, and said one or both transported oil from Venezuela to Cuba during February and March using an oil tanker called Despina Andrianna. OFAC also named the 34 ships that are “blocked property” of PdVSA, a Venezuela state-run oil company sanctioned by the U.S.

Topics:OFAC