Namibia will launch a new customs and tax agency in October as part of a broader trade facilitation effort underway in the country, according to a report in the Namibia Economist. The new Namibia Revenue Agency (NAMRA) "aims for faster clearance times for legitimate trade and increased transparency in regulatory processes and decision-making,” said Acting Customs Commissioner Thandi Hambira, according to the report. Namibia will also create a “Customs Information Centre,” which will “offer online declaration of cargo to be accessed from the clients office as well as pre-arrival processing for perishables, medicaments, ship spares” along with other goods, she said. “Although the client reserves freedom of transit, container inspections at client, importer and exporter premises will also be carried out.” NAMRA will replace the Customs & Excise and Inland Revenue departments in the Ministry of Finance, the report said.

The African Continental Free Trade Area looks set to take effect in July during the next African Union Summit, according to a report in The East African. A total of 22 countries must ratify the agreement and submit their instruments of ratification, and 20 have done so, while another two have ratified but not yet submitted the paperwork. “The AfCFTA brings together a continental single market, which is expected to increase intra-African trade by 52 per cent come 2022, remove tariffs on 90 per cent of goods, liberalise services and tackle other barriers to intra-African trade,” the report said.

The Canada Border Services Agency updated the Regulated Commodities Data Element Matching Criteria Tables for use with Integrated Import Declarations, the CBSA said in a May 6 email. Effective May 6, the agency said it updated the tables for headings covered by Transport Canada, Natural Resources Canada, Health Canada, the Canadian Food Inspection Agency, Global Affairs Canada, and Environment and Climate Change Canada. The update will appear on CBSA's website, though the agency notes that the website is still being updated.

A mutual recognition arrangement between Singapore and Australia on authorized economic operator programs takes effect May 15, Singapore Customs said in a May 6 circular. Under the MRA, members of trusted trader programs in Singapore and Australia -- Secure Trade Partnership and Australian Trusted Trader, respectively -- will now receive “facilitated customs clearance” in the other country. Singapore companies that are non-members of STP but are exporting to or importing from ATT companies, and Australian companies that are non-members of ATT but are exporting to or importing from STP companies, may still receive benefits if they include their business partner’s AEO code on their export or import declaration.

The Treasury’s Financial Crimes and Enforcement Network issued an update to its advisory on Venezuelan attempts to “steal, hide or launder money” in the wake of U.S.-imposed sanctions, FinCEN said in a May 3 press release. The 15-page advisory -- described as a guide for “chief risk officers,” chief compliance officers,” “sanctions analysts” and “legal departments,” among others -- provides an overview of U.S. sanctions against Venezuela and details the country’s attempts to avoid them. The guide also provides “financial red flags” to help companies report “suspicious activity that may be indicative of corruption by Venezuelan senior political figures.”

Regulations of U.S. export controls have recently become “more difficult to apply,” according to a study released May 6 by the U.S.-China Economic and Security Review Commission. The study, which focuses broadly on methods that Chinese companies use to transfer technology from the U.S., said regulators are facing more difficulty predicting which “early-stage technologies developed for commercial purposes” could be used for future military purposes. The study also briefly touched on the Foreign Investment Risk Review Modernization Act, signed into law in 2018, which allows the Committee on Foreign Investment in the U.S. to review transactions by foreign entities in the U.S. to determine their impact on national security. The study said FIRRMA leaves some methods of Chinese technology transfers “unaddressed,” including “investments in U.S. critical technologies based outside” the U.S.

While the Chinese have not levied tariffs on U.S. aircraft, the top manufactured good China imports from the U.S., that could change if President Donald Trump follows through on his May 5 threat to hike 10 percent tariffs to 25 percent, one expert believes. Edward Alden, a trade expert and professor at Western Washington University, said that the Chinese have been seriously negotiating for five months, and if the U.S. walks away, they will hunker down for a long, protracted trade war. They could levy tariffs on airplanes, increase customs hassles for those U.S. firms exporting goods to China and create geopolitical trouble for the U.S.

Italy delayed the effective date of value-added taxes on “remote sales” of certain goods through “electronic interfaces,” including mobile phones, video game consoles, tablets and laptops, according to a May 2 notice from KPMG. The taxes will take effect Jan. 1, 2021, KPMG said, and VAT payments on remote sales are not required for the first quarter of 2019. However, KPMG said that beginning July 1, 2019, “taxable persons that make such remote sales have a reporting obligation for transactions conducted between” Feb. 13 and May 1 this year. The changes were announced as part of a decree regarding “urgent economic growth measures” published April 30, KPMG said. The decree also expanded the VAT reporting requirements for sales of all goods through “an electronic interface.”

In the May 3 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 as of May 3 (note that some may also be given separate headlines):