China recently combined its foreign trade operator and place of origin certificates, shifting customs responsibilities among government agencies, according to an Oct. 25 report from the Hong Kong Trade Development Council. The country’s commerce regulators will now be responsible for “record-maintenance, data collection and all relevant notifications,” while customs officers “will receive and input any required records” relating to the certificates, the report said.
Australia’s customs agency recently reissued a guidance on the “voluntary disclosure of post-importation adjustments,” reminding importers they must disclose any goods-related transfer pricing adjustments “as soon as the importer becomes aware of them,” according to an Oct. 24 post from KPMG. Importers must also disclose certain other payments and costs “not included in the customs value of the goods at the time of importation,” KPMG said, including royalties, license fees, research and development costs, certain commissions, proceeds from selling the goods and “any other goods-related payments.” Under Australia’s “customs self-assessment regime,” importers are required to determine what payments must be included in the customs value, the post said, and non-disclosures are subject to infringement notices and penalties.
The U.S. Department of Agriculture released a report Oct. 25 on prospects for U.S. exporters in West Africa, saying certain countries in the region are unable to meet agricultural demand and present “plenty of opportunities” for U.S. exporters. The countries include Côte d’Ivoire, the Gambia, Ghana, Nigeria and Senegal. The report contains detailed trade analysis and key agricultural trade prospects for each nation, including which exports have the most potential. While the USDA said some “challenges and trade barriers do exist in the region” -- including bans on certain poultry products -- the U.S. should be aiming to build better relationships with West Africa, which will lead to more market access in other African regions.
The Commerce Department revoked export privileges for Alexis Vlachos, who was convicted of violating the Arms Export Control Act in 2018 after illegally exporting firearms controlled on the U.S. Munitions List to Canada, Commerce said in an Oct. 23 notice. Vlachos was sentenced to 51 months in prison, and a $200 fine, the notice said. Commerce revoked Vlachos’ export privileges for seven years dating from her Sept. 4, 2018, conviction.
AFL-CIO President Richard Trumka said the changes to the auto rules of origin in the new NAFTA -- which include a wage floor for a proportion of the parts workers or assembly workers -- don't impress the United Auto Workers union.
Vice President Mike Pence, even as he called China "a strategic and economic rival," said that the U.S. wants to keep talking after the phase 1 trade deal is done, in order "to bring about long-overdue structural reforms in our economic relationship. And as I heard again from him this morning, President Trump remains optimistic that an agreement can be reached."
The Environmental Protection Agency issued a final rule setting new significant new use rules (SNURs) under the Toxic Substances Control Act (TSCA) for eight chemical substances that were the subject of premanufacture notices (PMNs). As a result of the SNURs, persons planning to manufacture, import or process any of the chemicals for an activity that is designated as a significant new use by this rule are required to notify EPA at least 90 days in advance. Importers of chemicals subject to these SNURs will need to certify their compliance with the SNUR requirements, and exporters of these chemicals will now become subject to export notification requirements. The final rule takes effect Dec. 27.
A former top U.S. trade official and a New Zealand ambassador were optimistic the World Trade Organization can work through issues over its dispute settlement body but warned about damaging consequences for world trade if it doesn’t.
The Treasury Department announced a mechanism to help companies ensure their humanitarian exports to Iran will not be diverted to the government and other sanctioned Iranian entities, Treasury said in an Oct. 25 press release. The mechanism will require participating foreign governments and financial institutions to “conduct enhanced due diligence” -- including the reporting of “a substantial and unprecedented amount of information” -- on a monthly basis. Treasury’s Office of Foreign Assets Control also issued a guidance outlining the requirements.
The World Customs Organization issued the following release on commercial trade and related matters: