News

The latest industry news and PSA BDP Happenings from across the globe.

October 21, 2020

On 17 October 2020, China officially approved the Export Control Law (ECL), which will come into effect on 1 December 2020. The ECL sets out the basic framework of a unified export control regime that grants wide powers to the authorities to implement such controls.

September 23, 2020

On September 19, 2020, China’s Ministry of Commerce (MOFCOM) issued the Provisions on the Unreliable Entity List, which immediately came into effect.

September 16, 2020

On September 10, 2020, a group of importers filed a lawsuit in the Court of International Trade contesting the assessment of the List 3 and List 4 tariffs that have been imposed on goods from China.

September 16, 2020

On September 15, 2020, The Customs Tariff Commission of the State Council of PRC released an official announcement (only available in Chinese) that it will extend tariff exemptions for 16 US products in the 1st exclusion list for one year.

September 11, 2020

Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 sets guidelines for enforcement of the ‘rules of origin’ for allowing preferential rate on imports under free trade agreements.

September 11, 2020

ocean freight

The UK has today secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation.

July 10, 2020

Building on the ASEAN-Australia-New Zealand Free Trade Agreement which entered into force in January 2010, the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) officially came into force on July 5, 2020.

July 7, 2020

Vietnam Trade and Investment Agreement (EVFTA) on June 8, 2020. Meanwhile, the European Commission published a notice on June 30, 2020 announcing that the Free Trade Agreement between the European Union (EU) and the Socialist Republic of Vietnam will enter into force on August 1, 2020.

June 19, 2020

Under USMCA,the importer may make a claim for preferential tariff treatment based on a certification of origin completed by the importer, the exporter or the producer, for the purpose of certifying that a good qualifies as an originating good.

June 17, 2020

On June 17, 2020 the Bureau of Industry and Security issued a final rule via the Federal Register that goes into effect, immediately.