INTERNATIONAL BUSINESS AND TRADE
The Committee for Implementation of Textile Agreements (CITA) determined cuprammonium rayon filament yarn is not available in commercial quantities on a timely basis allowing the product to be added to the list in the KORUS FTA for imports in unrestricted quantities into the U.S. in accordance with provisions in that agreement (31 ITR 760; 4/24/14).
Up to 15.8 million kilograms of tuna in airtight containers may be entered into the U.S. or withdrawn from warehouses for consumption during the calendar year 2014 at the rate of 6% ad valorem duties and excess quantities shall be dutiable at the rate of 12.5% ad valorem (79 Fed. Reg. 20,219; 31 ITR 724; 4/17/14).
The Defense Federal Acquisition Regulation Supplement (DFARS) which contains an exception to the Buy American Statute allowing DOD to use photovoltaic devices from "qualifying countries" in its contracts has been adopted as a final rule for defense contracts (79 Fed. Reg. 22,041; 31 ITR 758; 4/24/14).
The U.S. Customs and Border Protection (CBP) agency published a notice that beginning April 1, 2014 interest rates for overpayment of customs duties will be 2% for corporations and 3% for non-corporations while underpayment will be 3% for both corporations and non-corporations (79 Fed. Reg. 22,521; 4/24/14).
The U.S. Court of Appeals for the District of Columbia ruled that the Conflict Minerals Regulation issued by the Securities and Exchange Commission is contrary to the First Amendment of the U.S. Constitution (Nat'l Ass'n of Mfrs. v. Sec., 2014 BL 102614, D.C. Cir., No. 13-5252, 4/14/14; 31 ITR 731; 4/17/14).
The Competition Bureau secured four guilty pleas for criminal violations of the Competition Act by Overseas Container Forwarding, Inc. (OCF) for an illegal pricing scheme involving various surcharges such as manipulation of currency exchange rate fluctuations in fuel (31 ITR 745; 4/17/14).
As of October 2, 2014 firms which export will be subject to penalties for failure to comply with the new export data regulations requirements which amended the Foreign Trade Regulations (15 CFR Part 30) for the collection of electronic export information (EEI) filed through the Automated Export System (AES) or through AESDirect system on the internet (31 ITR 666; 4/10/14).
Revisions would be made under a proposed Commerce Department rule to remove the requirement from the Export Administration Regulations (EAR) to obtain an International Import Certificate or Delivery Verification in connection with the license applications; instead a statement would be required by an ultimate consignee and purchaser for most license applications (31 ITR 670; 4/10/14).
EXPORTS AND PROCUREMENT
The Protocol for Amending the Agreement on Government Procurement became effective for Japan on April 18, 2014 (79 Fed. Reg. 21,991; 31 ITR 775; 4/24/14).
The December 2013 Amendments to the Wassenaar Control List now includes Intrusion Software and certain forms of IP Network Surveillance Systems which have become incorporated in the export control law of Israel administered by its Defense Export Control Agency (DECA) to implement the Conventional Arms and Dual-Use Goods and Technologies List of the Wassenaar Arrangement (30 WorldECR April, 2014, p. 30).
The Bureau of Industry and Security (BIS) issued an advisory opinion clarifying that the General Technology Note (GTN) in Supplement No. 2 to Part 774 of the Export Administration Regulations (EAR) applies to all export control classification numbers (ECCNs) on the Commerce Control List (CCL) regardless of whether the ECCN specifically refers to the GTN or uses the term "required" (30 WorldECR April 20, 2014, p. 6).
INTERNATIONAL DEBT WATCH*
Click here to view table.