Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
House lawmakers submitted a host of proposed export control- and sanctions-related amendments as part of the FY 2024 National Defense Authorization Act, including measures that could ease defense technology sharing restrictions, harmonize the Entity List with certain U.S. sanctions and investment restrictions and place new export control requirements on items destined to China and Iran. Other amendments could lead to new sanctions on Chinese technology companies and government officials, add the USDA to the Committee on Foreign Investment in the U.S., establish a new sanctions coordination office in the State Department and more.
China last week issued a new “foreign relations law” that could bolster the country’s ability to respond to foreign trade restrictions, including sanctions. The law, adopted by the Standing Committee of the 14th National People's Congress and effective July 1, says that China can take “law enforcement and judicial measures” to protect its national interests and those of its companies against restrictions imposed by other countries, and “has the right to take corresponding countermeasures and restrictive measures,” according to an unofficial translation of the document. The law specifically authorizes China to use “legislation, law enforcement, and judicial means to fight against acts of containment, interference, sanctions, and sabotage.”
Longshore workers are "prepared" to walk out of work at Canadian West Coast ports at 8 a.m. on July 1, after the International Longshore and Warehouse Union Canada issued a 72-hour strike notice to the British Columbia Maritime Employers Association, ILWU Canada said in a news release June 28. The ILWU Canada Bargaining Committee "has run out options at the bargaining table because the BCMEA and their member employers have refused to negotiate on the main issues, and we feel we are left with no choice but to take the next step in the process," the news release said.
Netherlands-based Viterra and U.S.-based Bunge Limited, both agribusiness companies, plan to file a notice with the Committee on Foreign Investment in the U.S. on their proposed combination, Squire Patton said in a June 27 client alert. The acquisition of Bunge by Viterra and its affiliates in Sweden and Canada is valued at $8.2 billion.
Lawmakers this week launched a bipartisan task force to help modernize the U.S. Foreign Military Sales program. Reps. Mike Waltz, R-Fla., and Seth Moulton, D-Mass., will lead the FMS Technical, Industrial and Governmental Engagement for Readiness Task Force, which will convene experts from industry and the State and Defense departments, as well as others, to conduct oversight of the FMS process.
Republican presidential candidate Nikki Haley said she would block all exports of sensitive technology to China and put in place new investment restrictions on Chinese purchases of agricultural land if she is elected to the White House. Haley, the former U.N. ambassador during the Trump administration who announced her 2024 presidential candidacy earlier this year, said President Joe Biden is “not up to the task” of protecting U.S. national security from risks posed by China and previewed several new policies that could cut off a range of trade between the two countries.
The House Foreign Affairs Committee last week advanced two sanctions-related bills, one involving China and another dealing with Iran.
The EU is preparing to revamp its dual-use export control regime to better target emerging technologies, said Jean-Charles van Eeckhaute, a senior European Commission official. Van Eeckhaute said the commission already has begun work on a new list of dual-use technologies -- which the bloc hopes to finalize by September -- that may warrant new restrictions.
The U.S. and India announced a deal June 22 that will end India’s retaliatory tariffs on some U.S. goods while leaving in place the Section 232 steel and aluminum tariffs that prompted them, and also end six World Trade Organization disputes brought by both the U.S. and India.