FDA on Jan. 12 signed a Mutual Recognition Agreement with Switzerland’s Agency for Therapeutic Products (Swissmedic) that will allow the U.S. and Switzerland to rely on each other’s inspections of pharmaceutical and veterinary drug facilities, avoiding the need for duplicate inspections, FDA said in a statement that day. Prior to the MRA’s entry into force, FDA still must “determine whether Swissmedic is capable of conducting inspections that meet U.S. requirements, and Swissmedic must make a similar determination with respect to the FDA meeting Swiss requirements,” FDA said. The MRA includes privisons on when the regulators intend to accept official good manufacturing practice documents from the other; how regulators will transmit the documents; and the establishment of two committees “to facilitate the effective functioning of the MRA,” said a release from the Office of the U.S. Trade Representative, which also signed the agreement.
U.S. Trade Representative Katherine Tai and Indian Commerce Minister Piyush Goyal did not announce any breakthroughs after their Jan. 11 meeting, but their joint statement pointed to some trade irritants that might be resolved in the future.
In the first formal round of negotiations with Taiwan, the U.S. will present texts it would like to see adopted on good regulatory practices, trade facilitation and other areas, but not on lowering tariffs for U.S. exports, as that is beyond the scope of the 21st Century Trade Initiative.
Ahead of a meeting of the "Three Amigos" -- the presidents of the U.S. and Mexico and the prime minister of Canada -- Jan. 9-10, business groups that advocate for North American integration said during a Jan. 6 webinar that they're hoping to see more evidence of nearshoring and using North American resources to diversify away from China.
Assistant U.S. Trade Representative Terry McCartin, along with other U.S. officials, will travel to Taipei for in-person negotiations for the U.S.-Taiwan Initiative on 21st-Century Trade, which has similar objectives to the Indo-Pacific Economic Framework. The negotiations are scheduled for Jan. 14-17.
Export Compliance Daily is providing readers with the top 20 stories published in 2022. All articles can be found by searching on the titles or by clicking on the hyperlinked reference numbers.
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.
On the last day of the current Congress, retiring Sen. Rob Portman, R-Ohio, introduced a bill that would ask the Commerce Department and the Office of the U.S. Trade Representative to analyze the economic integration between the U.S. and China in priority sectors, and the U.S. government's views of how that integration should change over the next five to 19 years.
Two lawmakers asked the Biden administration this week to begin negotiations on trade deals with Ecuador and Uruguay. Trade agreements with both countries would “capitalize on the bipartisan momentum and success” of USMCA, said Sens. Bob Menendez, D-N.J., and Rob Portman, R-Ohio.
The Office of the U.S. Trade Representative this week announced the hiring of two new officials.