The U.S. plans to impose new sanctions on Iran in the “coming weeks and months,” Secretary of State Mike Pompeo said, warning of the “dangerous” consequences if the restrictions are lifted. In a Nov. 18 statement, Pompeo touted the U.S. sanctions regime against Iran and called on other countries to not give in to Iranian demands for sanctions relief.
The Office of Foreign Assets Control sanctioned two entities involved in the “exportation of forced labor” from North Korea, according to a Nov. 19 press release. The designations target Mokran LLC, a Russian construction company, and Korea Cholsan General Trading Corporation, a North Korean company operating in Russia, for exporting forced labor to generate revenue for the North Korean government, OFAC said.
Cordell Hull, who has led the Bureau of Industry and Security for the last year (see 1911180040), will resign next month ahead of the incoming Joe Biden administration. His last day will be Dec. 4, a BIS spokesperson said. “I am proud of what we have achieved on important issues of national security at BIS and I have decided to look for the next challenge in the private sector,” Hull said in a Nov. 19 statement. “I am grateful to Secretary [Wilbur] Ross for giving me this opportunity to serve.”
The U.S. needs to work closer with allies on export controls and foreign investment screening to counter China, a Republican House member and two former Trump administration officials said. They said the U.S.’s current unilateral approach to trade restrictions is not working and could cede U.S. technology leadership to China.
Twenty-three trade groups, led by the Distilled Spirits Council of the United States and Farmers for Free Trade, are asking U.S. Trade Representative Robert Lighthizer to work harder to resolve the Airbus-Boeing dispute, and thus remove European Union retaliatory tariffs on distilled spirits, cheeses, potatoes, nuts, fruits, juices, chocolate, ketchup and agricultural equipment. These retaliatory tariffs are the second round on ag exports, as the EU put 25% tariffs on whiskey, orange juice, rice and sweet corn in 2018 over steel and aluminum tariffs imposed by the U.S. Some will rise to 50% next June, the groups said in a Nov. 18 letter.
Freshfields hired Colin Costello, previously acting director of the National Intelligence Council’s Investment Security Group in the Office of the Director of National Intelligence, the law firm said in a news release. Costello worked closely with the Committee on Foreign Investment in the U.S. process while in government and will be a CFIUS client adviser, the firm said.
The United Kingdom on Nov. 18 issued a guidance on its performance targets for the Export Control Joint Unit’s export licensing system. The ECJU said it aims to process 70% of standard individual export license applications within 20 working days and 99% within 60 working days. The guidance also outlines how the system aims to advise exporters, how exporters can appeal license decisions and the ECJU’s standards.
The Canada government issued the following trade-related notice as of Nov.18 (some may also be given separate headlines):
President Donald Trump announced his intention to appoint six people to the President’s Export Council, the White House said Nov. 17. They are: Richard Rigdon of Florida, Barron Hetherington and Robert S. Carl Jr. of Pennsylvania, Deborah Maestas of New Mexico, Michael Stumo of Massachusetts, and Roddey Dowd Jr. of North Carolina. The council has not met in several years.
The Office of Information and Regulatory Affairs began a review of a final rule from the Bureau of Industry and Security that would clarify the scope of certain export restrictions to reflect decisions made at the June 2019 Australia Group plenary meeting. The rule would amend the scope of Export Control Classification Number 1C991, which covers vaccines, immunotoxins, medical products, and diagnostic and food testing kits. OIRA received the rule Nov. 16.