The Animal and Plant Health Inspection Service is seeking comments on an information collection involving the U.S. Origin Health Certificate for exports of animals and animal products. The agency said export of "agricultural commodities, including animals and animal products, is a major business in the United States and contributes to a favorable balance of trade," and APHIS "maintains information regarding the import health requirements of other countries for animals and animal products exported from the" U.S. Comments are due Oct. 3.
The State Department approved a potential $395 million sale to Finland, which includes an “M270A2 Multiple Launch Rocket System” upgrade and related equipment, the Defense Security Cooperation Agency said Aug. 1. The principal contractors will be Lockheed Martin, Chelton, Leonardo DRS and Loc Performance Products.
The Committee on Foreign Investment in the U.S. is reaching out to companies to warn them of a recent frequently asked question from May that may create “significant obstacles” for tech startups and others trying to raise capital, Wilson Sonsini said in a client alert last week. The CFIUS guidance clarified that the completion date of a transaction is the date when the foreign person obtains any equity interest in the U.S. business, and law firms at the time warned the clarification could lead to problems for parties that for years relied on "springing rights" for minority investments -- deals that allow an investor to acquire equity but not in a way that would make their stake a covered transaction under CFIUS (see 2305300058).
The Bureau of Industry and Security extended by 30 days the public comment period for an information collection involving its five-year records retention requirement for export transactions and boycott requests. Companies must keep records related to exports and boycott actions for that time frame to “preserve potential evidence for investigations.” Comments had been due June 5 (see 2304040013).
The Committee on Foreign Investment in the U.S. will hold its second annual conference (see 2205310044) Sept. 14 in-person at the Treasury Department, the agency announced. The conference will include keynote speeches and panel discussions with government officials “who will provide insights on topics relevant to the Committee’s work.” Event registration will open Aug. 21 and agenda information is “forthcoming,” Treasury said.
Canada's International Longshore and Warehouse Union (ILWU) and the British Columbia Maritime Employers Association (BCMEA) reached a new tentative labor agreement days after ILWU members voted against the previous tentative deal, ILWU Canada and BCMEA announced July 30. BCMEA said both sides are again "recommending ratification of the collective agreement to the union’s membership and member employers."
USDA’s Agricultural Marketing Service is seeking public comments as it looks to renew an information collection relating to record-keeping requirements for certain fruit export regulations. The law states fresh apples and grapes grown in the U.S. and shipped to any foreign destination must meet minimum quality and other requirements established by the Export Apple Act and the Export Grape and Plum Act, which are designed to promote fruit exports and “prevent deception or misrepresentation of the quality of such products moving in foreign commerce,” USDA said. Comments are due Oct. 2.
The Biden administration needs a more “credible, durable economic strategy” in the Indo-Pacific than the Indo-Pacific Economic Framework, such as one that involves formal trade agreements, said Matthew Goodman, senior vice president for economics at the Center for Strategic and International Studies. In a July 31 commentary for CSIS, Goodman, a former National Security Council official, said IPEF’s “greatest promise” is “as an incubator for new or revised provisions of a formal trade agreement in the Indo-Pacific region,” including one that includes new or updated chapters on labor, environment, digital standards, supply chain resilience and economic coercion.
Rebecca Dye of the Federal Maritime Commission proposed new sets of best practices for ocean carriers and marine terminal operators at the Ports of Los Angeles and Long Beach and the Port of New York and New Jersey, covering activities surrounding container returns, earliest return dates and container pickups.
The State Department approved a potential $120.5 million military sale to Romania of “Assault Amphibious Vehicles” and related equipment, the Defense Security Cooperation Agency said July 27. The principal contractor hasn’t yet been determined.