The Department of Commerce (DOC) and the International Trade Commission (ITC) recently made joint affirmative determinations, leading to the issuance of antidumping duty orders on mattresses from originating from Cambodia, Indonesia, Malaysia, Serbia, Thailand, Turkey, and Vietnam. Additionally, the DOC amended its final determination on mattresses from Cambodia. UNDERSTANDING THE [...]
STRENGTHENING GLOBAL TRADE The Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement, recently introduced by the U.S. Department of Commerce, is an important development in the world of global trade. This agreement emphasizes countries working together to make supply chains stronger and more resilient, while helping to boost economies. [...]
CERTAIN SECTION 301 EXCLUSIONS EXTENDED The U.S. Trade Representative (USTR) is continuing the ongoing Section 301 investigation into China's technology practices. This investigation, which has been in progress for several years, centers on concerns related to technology transfer, intellectual property, and innovation. Several commodities including medical products, terry bathrobes, [...]
The Bureau of Industry and Security (BIS) is proposing a series of modifications to overhaul the exclusion procedure for Section 232 steel and aluminum tariffs. These proposed adjustments are intended to enhance the precision of exclusion requests, simplify the objections process, and elevate the overall efficiency of the system. The [...]
PANAMA CANAL CLIMACTIC EMERGENCY Approximately 14,000 ships, accounting for 6% of global maritime trade, pass through the Panama Canal annually. This year, the numbers are expected to drop due to the unseasonably long drought impacting Panama. Watershed levels for the region are the lowest they have been since 1950. [...]
The U.S. Food and Drug Administration issued a draft guidance for the cosmetics industry outlining the new upcoming process that will require cosmetic product facilities and products to be registered with the agency by December 29, 2023. BACKGROUND INFORMATION On December 29, 2022, the President signed the Consolidated Appropriations Act, [...]
EUROPEAN UNION: SHIPPING INDUSTRY The shipping industry is crucial for the EU economy due to its energy efficiency, but it's also a major and increasing source of greenhouse gas emissions. In 2018, global maritime shipping emitted 1,076 million tonnes of CO2, accounting for about 2.9% of emissions. Projections suggest [...]
In June, the International Sustainability Standards Board (ISSB) released its inaugural set of sustainability disclosure guidelines for corporations. The guidelines, known as IFRS S1 and S2, aim to help companies assess and mitigate their negative environmental impacts in a systematic manner. ISSB’s goal is to establish a global foundation [...]
NET ZERO EMISSIONS TRACKING METHODOLOGY FOR AIR TRANSPORT The International Air Transport Association (IATA) announced plans to release an annual report called "Track Zero" to monitor the progress of the aviation industry in achieving its commitment to Net Zero carbon emissions by 2050. This report will utilize IATA's Net [...]
MARINE ENVIRONMENT PROTECTION COMMITTEE MEETING During the recent gathering of the Marine Environment Protection Committee (MEPC 80), representatives from various Member States of the International Maritime Organization (IMO) came together to discuss the reduction of greenhouse gas (GHG) emissions from ships. In a significant development, they unanimously approved the [...]
