Google hired Scott Deutchman, previously with Neustar, as senior policy adviser-telecom, spectrum, export controls, privacy and intellectual property.
Trade experts identified many weaknesses of the World Trade Organization -- the evidentiary standard for countervailing duties: the fact that CVD in one market doesn't help the industry's economics when surplus flows to other countries; the length of time it takes to show adverse effects to domestic firms; the fact that 164 countries can't agree on trade liberalization.
South Korea and Indonesia finished negotiations for the Korea-Indonesia Economic Partnership Agreement, which is expected to increase “cross border flows of goods,” South Korea said in an Oct. 18 press release. Although South Korea did not release specific details, it said the agreement aims to achieve a “mutually beneficial economic partnership” by expanding existing trade. The agreement is expected to be finalized during an upcoming meeting between the two countries’ presidents.
Singapore Customs’ TradeNet will undergo system maintenance from 4 a.m. to noon on Nov. 3, Singapore said in an Oct. 18 notice. Singapore asked users to avoid submitting applications during the maintenance period.
China’s Guangdong province plans to prioritize imports of a “wide range of equipment, components and technological processes” that are “essential” to its key commercial sectors, the Hong Kong Trade Development Council said in an Oct. 18 report. The priority imports include 575 components, 103 equipment goods and 519 advanced technological processes, the report said. The components include “high-speed high precision robotic arms" and sewage treatment systems. The equipment goods include “precision forging, multistage forging and vehicle part casting systems," "new-energy vehicle components production facilities” and other specialized electronic equipment. The advanced technological processes include agricultural technologies for “improving the sugar content, yield and pest-resistance of sugar cane” and certain pharmaceutical manufacturing equipment technology, the HKTDC said.
A Chinese national was sentenced to 40 months in prison after trying to export military and space-related technology to China without proper licenses, violating the International Emergency Economic Powers Act, the Justice Department said in an Oct. 18 press release.
The House plans to pass a “strong, bipartisan” sanctions package this week in response to the Trump administration's decision to lift sanctions on Turkey in exchange for a ceasefire in Syria, House Speaker Nancy Pelosi said. Pelosi’s comments came after the Trump administration announced last week it would be suspending further sanctions on Turkey and plans to lift recently announced sanctions in exchange for the ceasefire.
A top U.S. Department of Agriculture official lauded China’s recent purchases of U.S. agricultural products, saying the “phase one” agreement announced last week is a “positive.”
The EU will apply its own tariffs to U.S. products, Commissioner for Trade Cecilia Malmstrom said in a news release. "“We regret the choice of the U.S. to move ahead with tariffs," she said. "This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules."
Companies and trade groups warned the Treasury Department that the proposed regulations for the Foreign Investment Risk Review Modernization Act may repel foreign investors and customers, fails to clearly define “critical technologies” and could place trusted trading partners at disadvantages, according to comments due Oct. 17.