Rep. Brandon Gill, R-Texas, introduced a bill March 14 that would subject foreign buyers of U.S. farmland to the same restrictions that their home countries impose on Americans.
Arkansas’ six-member congressional delegation urged the EU March 14 to revise its proposed deforestation reporting requirements (see 2412060050), saying they would unfairly burden U.S. exporters with technical barriers to trade.
The Council of the European Union on March 17 added Al Azaim Media Foundation, the media branch of the Islamic State's Khorasan Province, to its ISIL (Da'esh) and al-Qaida sanctions regime. The ISIL sanctions list now includes a total of 15 people and seven entities.
The Council of the European Union on March 14 extended the sanctions on those undermining the sovereignty of Ukraine for another six months, pushing the restrictions out to Sept. 15. The council also decided not to renew the listings of four people and removed three deceased individuals from the list. The sanctions apply to nearly 2,400 people and entities.
The Group of 7 nations last week discussed imposing more sanctions against Russia if it doesn't agree to a ceasefire with Ukraine, including potentially a more strict cap on oil prices, they said in a joint statement after meeting in Quebec. They said any ceasefire “must be respected” and include “robust and credible security arrangements to ensure that Ukraine can deter and defend against any renewed acts of aggression.” The countries -- the U.S., Canada, France, Germany, Italy, Japan and the U.K., plus a representative from the EU -- also “condemned” military aid, along with the provision of weapons and dual-use components to Russia, by China, Iran and North Korea. The statement said China is “a decisive enabler of Russia’s war and of the reconstitution of Russia’s armed forces. We reiterated our intention to continue to take action against such third countries.”
OpenAI, Google and other leading technology companies and organizations urged the U.S. this month to rework the Biden administration’s artificial intelligence diffusion rule, saying it places too many restrictions on American firms and its trading partners.
Akin Gump announced the official launch of its national security and global investigations team on March 13. The practice group will work on "cross-border criminal, civil administrative and congressional investigations and voluntary self-disclosures relating to potential sanctions, export control, anti-corruption and anti-money laundering laws and regulations," the firm said.
The Washington International Trade Association announced that Nasim Fussell is the new chair of its board of directors. Steve Lamar of the American Apparel and Footwear Association, who had been the WITA board’s chair since 2004, will remain on as a board member. Fussell leads the trade practice at lobbying firm Lot Sixteen. She was previously chief international trade counsel for the Senate Finance Committee and, before that, trade counsel for the House Ways and Means Committee.
The European Commission imposed countervailing duties on aluminum road wheels from Morocco on March 14, setting duties of 5.6% on exporters "benefitting purely from the Moroccan subsidies" and 31.4% on exporters "benefitting from both Moroccan and Chinese [Belt and Road Initiative] financial contributions." The commission said its CVD investigation found that the Moroccan government was providing subsidies to its automotive industry through "grants, loans at preferential rates, and tax exemptions/reductions" that are incompatible with World Trade Organization rules. In addition, the investigation revealed that China made "direct cross-border financial contributions" to one of the two Moroccan exporters in the industry.
The Federal Maritime Commission has asked a group of major ocean shipping carriers to provide it with more information about an amendment to an agreement that would allow them to participate in the New York Shipping Exchange index governing board, “which shall discuss and agree on all aspects of the development, implementation, modification and auditing of container freight indices, as produced by NYSHEX,” the FMC said in a notice released March 14. The commission said its notice prevented “the proposed amendment to this agreement from becoming effective as originally scheduled” on March 12. The parties to the agreement are carriers CMA CGM, Hapag-Lloyd, COSCO Shipping Lines, COSCO Shipping Co., HMM, Maersk, and Ocean Network Express.