Vietnam's Ho Chi Minh City Customs Department is proposing several amendments to its value-added tax requirements, including eliminating VAT exemptions for temporary imports and the re-exports of certain goods, according to a report on the Vietnam Customs Department's CustomsNews website. The change would eliminate VAT exemptions for the temporary import and re-export of machinery and equipment used in “investment projects, construction, installation and production,” the report said. Another proposed change would amend a decree for regulating export goods by requiring exporters to provide proof of a “contract for sale” or a “payment receipt” on their customs paperwork, according to the report.
The Commerce Department's Bureau of Industry and Security said the Sensors and Instrumentation Technical Advisory Committee (SITAC) scheduled a partially open meeting April 30 in Washington. The public session will include an remarks from BIS management and industry presentations. The open session will be accessible via teleconference to 20 participants on a first-come, first-served basis. To join via teleconference, submit inquiries by April 23 to Yvette Springer at Yvette.Springer@bis.doc.gov. A limited number of seats will also be available for in-person attendance at the public session.
The Commerce Department's Bureau of Industry and Security is looking for candidates for its seven Technical Advisory Committees, the agency said in a notice. "Industry representatives are selected from firms producing a broad range of items currently controlled for national security, nonproliferation, foreign policy, and short supply reasons or that are proposed for such controls," BIS said. "Representation from the private sector is balanced to the extent possible among large and small firms." Six of the TACs advise the Commerce Department on the "technical parameters for export controls and the administration of those controls within specified areas." The other TAC "focuses on the Export Administration Regulations (EAR) and procedures for implementing the EAR." TAC members can serve a term of up to four consecutive years and must obtain secret-level clearances prior to appointment, BIS said. Resumes should be sent to Yvette Springer at Yvette.Springer@bis.doc.gov.
Lawmakers rejected United Kingdom Prime Minister Theresa May’s European Union withdrawal deal for a third time, causing uncertainty about the future of Brexit. The deal was struck down 344-286 in a March 29 vote, on the same day the U.K. was originally scheduled to leave the EU. May had sent a letter to EU Council President Donald Tusk in March requesting a Brexit delay until July 30, but Tusk said the EU would grant a delay only if the U.K. Parliament adopted May’s withdrawal agreement when it voted for a third time (see 1903200068).
Canada may pursue an increase in its retaliatory tariffs on U.S. goods as part of an effort to convince President Donald Trump to end the U.S. tariffs on steel and aluminum from Canada, the Canadian Broadcasting Corporation said in a March 29 report. Mexico too is said to be considering an expansion to its retaliatory tariffs (see 1903140025). Additional tariffs on the U.S. are hoped to push Trump toward lifting the metals tariffs as part of U.S.-Mexico-Canada free trade deal, the CBC reported.
China will continue to suspend tariffs on U.S.-made cars and auto parts past April 1, according to a notice from China’s Ministry of Finance. In December, China originally announced it was suspending additional 25 percent tariffs on U.S. vehicles and parts as a show of good faith as the two countries negotiated a trade deal. The tariff suspension was scheduled to end April 1, but China announced on March 31 that the country would be upholding the suspension to “create a good atmosphere for economic and trade consultations between the two sides,” according to an unofficial translation of the announcement. The Ministry of Finance said it will announce at a later date when the extension will expire.
Noatum Logistics reached a deal to acquire MIQ Logistics, the companies said in a March 21 news release. MIQ's workforce will be integrated with Noatum, a division of Noatum Maritime of Spain, "as there is no geographical overlap except in Chile, where the services complement each other," the companies said. The acquisition is expected to close in the "coming weeks." Terms of the deal weren't released. MIQ is based in Kansas and has more than 60 offices in 19 countries. "Together, we will be able to grow more quickly, ensuring our employees and clients’ satisfaction at all times," MIQ CEO John Carr said. "This is the right move, at the right time with the right company.” MIQ is owned by private equity firm Austin Ventures.
Grant Robinson will become CEO at Farrow on April 1, the company said in a news release. Robinson previously worked as a partner at an executive search consulting firm.
The Federal Maritime Commission released a notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on the agreement by email to Secretary@fmc.gov, or by mail to the Secretary, Federal Maritime Commission, Washington, DC 20573, within 12 days of publication in the Federal Register.
The World Customs Organization issued the following release on commercial trade and related matters: