House Select Committee on China Republicans wrote to President Joe Biden, asking him to make human rights and military demands of Chinese President Xi Jinping when they meet at the Asia-Pacific Economic Cooperation summit, which will happen Nov. 15-17.
The State Department should clarify that the U.S. will reimpose a range of sanctions against Venezuela's oil and gold sectors if the Nicolas Maduro-led regime doesn’t begin lifting electoral bans on opposition presidential candidates by the end of November, Rep. Michael McCaul, R-Texas, said in a letter to the agency this week.
The top Democrat on the House Select Committee on China, Rep. Raja Krishnamoorthi of Illinois, said Wall Street and other investors want the government to provide a negative list they can hand off to their compliance teams.
The Guernsey Financial Services Commission on Nov. 1 called on companies to submit reports involving frozen assets linked to parties designated under the Russia sanctions list. Businesses that "hold or control frozen assets" of the sanctioned parties, "or which have an ongoing connection to frozen assets outside" Guernsey, should report certain information about those assets to the government by Nov. 24.
The World Trade Organization said its working group on food security is aiming for the end of November to reach consensus on a final set of recommendations for least-developed countries (LDCs) and net food-importing developing countries (NFIDCs). During the working group's Oct. 31 meeting, participating members revised a report from the group's coordinator, Norway's Kjetil Tysdal, which covers four areas: "access to international food markets, financing of food imports, agricultural and production resilience of LDCs and NFIDCs, and horizontal, cross-cutting issues," the WTO said. Tysdal said he will make further revisions in the "coming days," noting the final meeting is set for Nov. 13, when the group is expected to finalize its recommendations for the full Committee on Agriculture's approval. The committee will meet Nov. 27-29.
The World Trade Organization on Oct. 31 launched an import licensing portal to allow members to draft and submit notifications online. The platform, released during the Committee on Import Licensing Procedures' Oct. 31 meeting, will provide members an "improved database of all import licensing procedures" of WTO countries, allowing members to search by country, product and legislation. Members can assign different levels of access to national authorities to draft, edit or submit their notifications, as well as use the portal to communicate and swap draft notifications and comments with the WTO Secretariat. During the committee meeting, members also reviewed 42 notifications of import licenses, WTO said.
Rep. Gregory Meeks of New York, the top Democrat on the House Foreign Affairs Committee, applauded the Treasury Department’s new sanctions this week against the Myanmar state-owned Myanma Oil and Gas Enterprise (see 2310310028), saying the measures will “disrupt the junta’s access to the U.S. financial system and curtail its ability to commit further human rights violations.”
Madagascar opened a safeguard investigation on diapers and sanitary napkins, the island-nation told the World Trade Organization's Committee on Safeguards Oct. 26. Madagascar said it is "ready to consult on the provisional safeguard measure with Members having a substantial interest as exporters of the covered products," pursuant to Article 12.4 of the Agreement on Safeguards.
Indonesia launched four safeguard investigations, covering artificial filament yarn, cotton fabric, cotton yarn and woven fabrics of artificial filament yarn, the World Trade Organization announced this week. Indonesia said interested parties should reach out to the Indonesian Safeguards Committee within 15 days from an investigation's initiation.
World Trade Organization members' compliance rates with notification requirements for subsidies and countervailing duties remain "concerningly low," according to the chair of the WTO's Committee on Subsidies and Countervailing Measures. Compliance is crucial to the function of that committee, its chair, New Zealand's James Lester, said Oct. 27.