Senate Foreign Relations Committee members introduced a bill Nov. 4 that would require more export controls and sanctions against those contributing to or profiting from the civil war in Ethiopia. The bill, introduced by committee Chair Sen. Bob Menendez, N.J., ranking member Sen. Jim Risch, R-Idaho, and Sen. Chris Coons, D-Del., “builds upon” the U.S.’s Ethiopian sanctions regime by requiring “targeted sanctions” against people and entities undermining peace in the country, doing certain business with senior government leadership, providing weapons to the warring parties and more. Although the Biden administration in September established a new Ethiopian sanctions regime (see 2109170036) and recently increased export restrictions for defense exports to Ethiopia (see 2110290004), the U.S. hasn’t yet issued specific sanctions.
The Senate Finance Committee voted 15-13 to recommend that Tucson Police Chief Chris Magnus be the next CBP commissioner. All Democrats and Sen. Bill Cassidy, R-La., supported Magnus, who would be the first openly gay head of CBP, in the Nov. 3 vote. A floor vote hasn't been scheduled for his nomination.
Bernd Lange, chair of the European Union parliament's committee on trade, said that though it may be tricky to do so -- given that the EU and other countries have different ways of encouraging cleaner industry -- the EU's proposed carbon border adjustment measure should not be a way to just hike tariffs. "We have to avoid trade wars," he said to reporters in Washington Nov. 4. He said if another country does not have a cap and trade system and doesn't have a price on carbon, that doesn't mean they don't have climate change measures. "So we need to find equivalencies," he said.
World Trade Organization members heard from the Committee on Regional Trade Agreement on Nov. 1 when the chair of the committee provided an update on the committee's transparency mechanism for regional trade agreements, the WTO said. Members also looked over the European Union-Vietnam, U.S.-Canada-Mexico and Australia-Indonesia regional trade agreements as part of the update.
The United Kingdom released its conclusions from the Sept. 16 meeting of the U.K.-South Korea Committee on Trade in Goods, detailing areas of progress from the first meeting under the U.K.-South Korea Free Trade Agreement. Both sides agreed that finalizing adoption of the Rules of Procedure for the Committee on Trade in Goods is a priority "once empowered to do so by a decision of the Trade Committee." Signed decisions will be exchanged shortly, the U.K.'s Department for International Trade said. The U.K. and South Korea agreed to share their notifications of the agreement to the World Trade Organization Regional Trade Agreement Committee and share methodological information on the development of data on preference utilization rates, DIT said. Also, the parties noted ongoing discussions on steel safeguards being conducted outside the committee, and the U.K. said it will provide updates on the implementation of the Northern Ireland Protocol as needed.
The Federal Maritime Commission is accepting applications to fill a vacant spot on its recently formed National Shipper Advisory Committee, the FMC said in a notice released Nov. 2. The commission “excused” one committee member in September after the person changed jobs, which “altered the balance of the Committee,” the FMC said. The committee must be composed equally of importers and exporters. FMC is accepting applications, due Nov. 17, from an “entity who imports cargo to the United States using ocean common carriers.” The committee membership was announced Sept. 9, and it held its first meeting last month, when members said a new surcharge imposed by two California ports could severely exacerbate unfair detention and demurrage fees (see 2110280031).
The Committee on Foreign Investment in the U.S. began another national security investigation into Beijing’s Wise Road Capital's proposed acquisition of South Korea's Magnachip Semiconductor Corporation after the companies were granted a request to refile with the committee in September (see 2109160037). CFIUS’s new investigation period began in late October and is expected to be completed by Dec. 13, Magnachip said in an Oct. 29 Securities and Exchange Commission filing. The U.S. was expected to reject the transaction before Magnachip requested to refile. CFIUS’s intervention in the deal, which wasn’t voluntarily notified to the committee, could set a new precedent for investment reviews and lead to more extraterritorial screening by U.S. trading partners (see 2110140035).
The Senate Finance Committee has scheduled a Nov. 3 vote on Chris Magnus' nomination for CBP commissioner.
Export Compliance Daily is providing readers with the top stories for Oct. 25-29 in case you missed them. You can find any article by searching the title or by clicking on the hyperlinked reference number.
The U.S. should coordinate more closely with European partners on a sanctions framework aimed at Lebanese government officials, Senate Foreign Relations Committee leaders said. In an Oct. 29 letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken, senators said the U.S. should “complement” the European Union’s recent sanctions against Lebanon so that the country’s leaders “fully understand the consequences, including the freezing of any assets subject to U.S. jurisdiction, of their behavior.”