Oleg Deripaska, a Russian businessman who was sanctioned by the U.S. in 2018, sued the Treasury Department last week, alleging its sanctions rely on “unsubstantiated” allegations and have led to the “utter devastation” of his “wealth, reputation, and economic livelihood,” according to court documents. The suit, filed March 15, requests that the U.S. District Court for the District of Columbia order Treasury's Office of Foreign Assets Control to remove the sanctions. It names Treasury Secretary Steven Mnuchin, Treasury Department OFAC Director Andrea Gacki, the Treasury Department and OFAC as defendants.
The World Customs Organization issued the following release on commercial trade and related matters:
The Ukrainian parliament recently gave preliminary approval to a draft law creating an authorized economic operator (AEO) trusted trader program, according to an alert from the law firm CMS. If approved, AEO status will give Ukrainian companies a simplified customs declaration procedure, a shortened form of import declaration, priority for customs procedures and permission to use a special traffic lane for truck border crossings, the alert said. To qualify, the company must be a registered resident entity in Ukraine, have no criminal records related to commercial activity (including company officials), have not committed repetitive or systematic violations of customs rules, and be financially solvent. A second and final vote in parliament is required before the bill is passed, CMS said.
The United Kingdom signed trade continuity agreements with Fiji and Papua New Guinea to continue trading on the same terms after the U.K.’s planned withdrawal from the European Union, the U.K.’s Department for International Trade said. “The agreement allows businesses to trade as freely as they do now, without any additional barriers or tariffs. It eliminates all tariffs on all goods imported from Fiji and Papua New Guinea into the UK and will gradually remove around 80% of tariffs on British exports to these countries,” it said.
The United Kingdom is making changes to its transit procedures to prepare for its planned withdrawal from the European Union, HM Revenue and Customs said in guidance posted March 13. Though the U.K. will lose access to the EU’s Union Transit procedures, which govern transit shipments between EU member states, it has come to an agreement with the EU to join the Common Transit Convention, which applies to the EU, Iceland, Norway, Liechtenstein, Switzerland, Turkey, North Macedonia and Serbia.
The European Court of Auditors on March 14 issued a report on the European Union’s system for monitoring organic products, including imports. According to the report, EU member state monitoring of organic products and importers is still incomplete, and import supervision could be improved by better cooperation between member states and with the exporting countries. The report also discusses changes to the EU’s equivalence scheme that will set more stringent requirements for countries allowed to export organic products to the EU, as well as the EU’s work improving its monitoring of organic exporters to the EU, particularly in China.
In the March 15 edition of the Official Journal of the European Union the following trade-related notices were posted:
The government of Canada recently issued the following trade-related notices for March 15 (note that some may also be given separate headlines):
South Korea recently notified the World Trade Organization that it is considering a new safety standard for outdoor exercise equipment. The proposed regulations would set safety requirements, test methods and labeling requirement, the notification says. It would be adopted no earlier than June 2019, and would enter into force no earlier than May 2020, according to the notification.
The Philippines has begun an investigation into whether to impose safeguard duties on float glass, according to a report from the World Trade Organization. The safeguards would cover “clear and tinted float glass classified under AHTN Codes 7005.29.90 (clear float glass), 7005.21.90 (tinted float glass), including 7005.10.90 (reflective glass),” the Philippines’ WTO notification said.