The leaders of the House Select Committee on China said they will support a bipartisan bill introduced earlier this week that could expand the Treasury Department’s upcoming outbound investment prohibitions to cover more Chinese technology sectors and additional countries (see 2311140013).
The Bureau of Industry and Security is preparing to release another new set of Russia-related export controls next month, which could include potential additions to the Entity List, said Matthew Borman, the agency’s deputy assistant secretary for export administration.
The Bureau of Industry and Security this week removed a Chinese scientific institute from the Entity List that the agency had originally added in 2020 for ties to human rights abuses in Xinjiang (see 2005220058). The move, outlined in a final rule effective Nov. 16, removed the Ministry of Public Security’s Institute of Forensic Science of China from the list.
World Trade Organization committees could offer a path beyond the Dispute Settlement Body to settle trade-related issues, Baker McKenzie lawyers said in a Nov. 13 blog post. For instance, the Anti-Dumping Practices and Subsidies and Countervailing Measures committees offer a forum to settle "practical and strategic issues" faced by companies engaged in international trade, the post said.
Senate Republicans this week urged the Biden administration to reverse its decision to temporarily ease sanctions against Venezuela, saying the reprieve will “only further enable” the Nicolas Maduro-led regime’s crackdown on civil society and political opposition. “We implore you to reverse course and recommit to a strong campaign of diplomatic and economic pressure to hasten a transition to a democratic government in Venezuela,” the lawmakers, including Jim Risch of Idaho, the top Republican on the Senate Foreign Relations Committee, said in a letter to the White House.
The leaders of the Senate Finance Committee introduced a bill that would require USDA and the Office of the U.S. Trade Representative to produce annual reports identifying the acts, policies or practices that create significant barriers to exports of U.S. fruits and vegetables or distort their own markets so that U.S. fruits, vegetables, nuts and flowers cannot be competitive.
A new House bill with bipartisan support could expand the Treasury Department’s upcoming outbound investment prohibitions to cover more Chinese technology sectors and additional countries, including Russia, Iran and North Korea.
The trade pillar of the Indo-Pacific Economic Framework, which already was being criticized for not being ambitious enough, is not going to be finished as quickly as the pillars run by the Commerce Department on tax and corruption, supply chains and climate, the administration acknowledged as Asian leaders meet in San Francisco.
As the Bureau of Industry and Security adds new export controls on emerging technologies, it should also remove outdated restrictions on items that may no longer warrant licensing requirements, such as life jackets and fire extinguishers, the Center for Strategic and International Studies said in a report. The think tank also urged BIS to shrink the Entity List to only entities that pose the most serious national security threats and consider giving preferential licensing treatment to a broader set of countries, including Vietnam and Moldova.
Turkey launched a safeguard investigation on wire rods, it notified the World Trade Organization's Committee on Safeguards on Nov. 3. Turkey said that interested parties can download questionnaires from the investigation page and submit a completed copy to the General Directorate within 30 days from the date the notification was published.