The International Trade Commission estimated that by the sixth year after the new NAFTA's ratification, the U.S. economy would have 176,000 more jobs than it would have without the new revised trade deal. That's a 0.12 percent increase compared to the status quo.
The European Union’s list of $20 billion in U.S. exports that could get hit with retaliatory tariffs is heavy on fishery and agricultural products and food, including wines and spirits, but also includes goods found elsewhere in the tariff schedule. That includes raw materials and chemicals, including coal, some medical products, plastics, travel goods and other bags and containers, cotton, tractors and games.
In the April 16 edition of the Official Journal of the European Union the following trade-related notices were posted:
Recent editions of Mexico's Diario Oficial list trade-related notices as follows:
Export Compliance Daily is providing readers with some of the top stories for April 8-12 in case they were missed.
In the April 11 edition of the Official Journal of the European Union the following trade-related notices were posted (see 1904120033 for notices from April 12):
The government of Canada recently issued the following trade-related notices as of April 15 (note that some may also be given separate headlines):
New digital Mercado Comun del Sur (MERCOSUR) certificates of origin will take effect May 1 in Argentina, according to an alert from Expeditors. Use of digital certificates had been set to take effect in November 2018, but was subsequently delayed twice, until March 1, then until May 1. The Argentine Ministry of Economy said the digital certificates “will have the same legal validity and identical value as those issued on paper,” and must be electronically signed according to parameters established by the Latin American Integration Association. The Ministry also said that “entities authorized to the exporter must” keep records of all certificates of origin, the certification number, the applicant and the date of issue. The notice said paper certificates may still be used for “certain occasions in which digital certification is not possible in order not to delay or hinder foreign trade operations.”
A company based in Vietnam was accused by the country’s customs department's anti-smuggling unit of falsifying import permits and smuggling medical products, the Vietnam Customs Department's CustomsNews website said in an April 15 report. The company, C.V.S One Member Limited Liability Company, allegedly “heavily modified” import permits in at least 18 customs declarations between 2009 and 2016, including changing the model, term and number of the item in the permit’s appendix. The company’s “director ... admitted to falsifying import licenses,” the report said, and the investigation has been handed to Vietnamese police.
Vietnam is implementing a customs bonding system, and hopes to run a pilot in 2021 and 2022 before its “customs guarantees” are expanded to more customs processes, the Vietnam Customs Department's CustomsNews website reported on April 11. The pilot phase will apply the bonding system to transit goods, temporary imports for re-export, late submissions of certificates of origin and “transportation of goods for preservation,” CustomsNews said. Then, in 2022 and 2023, Vietnam customs will expand implementation to goods temporarily imported for exhibitions, repairs, warranty or construction; delays in the issuance of import permits; and disputes between Vietnam customs and companies, such when an importer is waiting for a valuation or classification ruling, the report said.