The International Longshore and Warehouse Union Canada will have a "Stop Work" meeting on July 25 to recommend the settlement terms to its members, ILWU Canada said in a statement July 21. The ILWU Canada Longshore Caucus approved the terms as originally proposed July 13 by a federal mediator, the British Columbia Maritime Employers Association (BCMEA) said in a statement (see 2307130038). The caucus had initially rejected the terms, leading to a short-lived resumption of a strike by dockworkers at Canadian West Coast ports (see 2307190031 and 2307200050).

The State Department approved a potential $2.9 billion military sale to Germany for “AIM-120C-8 Advanced Medium-Range Air-to-Air Missiles” and related equipment, the Defense Security Cooperation Agency said July 19. The principal contractor will be Raytheon Missiles and Defense.

The Federal Maritime Commission published its spring 2023 regulatory agenda and continued to mention several rules to implement the Ocean Shipping Reform Act of 2022, including a proposed rule to define unfair or unjustly discriminatory methods that violate U.S. shipping regulations. The FMC said it plans to issue that rule in December.

Scott Boylan, a partner with consulting firm StoneTurn, spoke during a webinar July 12 on the Committee on Foreign Investment in the U.S. (see 2307120029).

USDA this week opened registration for its pavilion at Fruit Logistica, the world’s “largest trade show” for the fruit and vegetable industry. The trade show, to be held Feb. 7-9 in Berlin, includes representatives from the “entire spectrum of the fresh fruit and vegetable sector -- from larger, well-known companies to small and medium-sized businesses and organizations all over the world,” USDA said in a July 12 email. Participants will “have access to more than 63,000 serious buyers and decision-makers from 140 countries visiting this three-day event.” Industry members should register by July 31.

The State Department approved two potential military sales, to Sweden and France, worth more than $800 million combined, the Defense Security Cooperation Agency said July 7. The $605 million sale to Sweden includes “Advanced Medium Range Air-to-Air Missiles (AMRAAM)” and related equipment, and the principal contractor will be Raytheon Missiles and Defense. The $203 million military sale to France includes “AGM-114R2 Hellfire Missiles” and related equipment, and the principal contractor will be Lockheed Martin.

The Federal Maritime Commission is seeking public comments on a new web portal, mandated by the Ocean Shipping Reform Act of 2022, that would collect "comments, complaints, concerns, reports of noncompliance, requests for investigation, and requests for alternative dispute resolution,” it said in a notice this week. The FMC is asking for feedback on "ways to enhance the quality, utility, and clarity of the information to be collected," the "use of automated collection techniques or other forms of information technology to minimize the information collection burden," and more, the notice said. Comments are due by Sept. 11.

The Committee on Foreign Investment in the U.S. recently approved a merger between U.S.-based real estate business INDUS Realty Trust and global investment firms Centerbridge Partners and GIC Real Estate, INDUS said in a recent Securities and Exchange Commission filing. The companies said they received CFIUS approval June 22, and “all required regulatory approvals to complete the Merger have now been received.”

Treasury Secretary Janet Yellen said she is “concerned” about China’s new export controls on critical minerals used to produce semiconductors (see 2307060053), saying the U.S. is still assessing the impact but that they “remind us of the importance of building resilient and diversified supply chains.” Speaking during a July 7 roundtable with American businesses in China, Yellen said the administration is working to make sure U.S. companies are competing with China on a “level playing field.”

Micron Techology is preparing for revenue losses caused by China’s recent sales restrictions on its products, saying in a recent Securities and Exchange Commission filing that Beijing “may prevent us from competing effectively with Chinese companies.” The U.S. semiconductor company said the restrictions are leading to “significant headwind” that “is impacting our outlook and slowing our recovery.”