The Treasury's Office of Foreign Assets Control updated its Specially Designated Nationals List while also issuing an updated guide on “addressing North Korea’s illicit shipping practices,” which includes risk mitigation measures and a summary of penalties for violators, according to a March 21 notice. The changes made to OFAC’s SDN list include the additions of three individuals associated with the Democratic Republic of the Congo, an update to the SDN listing for the Islamic State of Iraq and the Levant, and the addition of two Chinese entities that violated North Korean sanctions regulations. The two Chinese entities are Dalian Haibo International Freight Co. and Liaoning Danxing International Forwarding Co., according to the notice.
Country of origin cases
In the March 20 edition of the Official Journal of the European Union the following trade-related notices were posted:
India will delay its ban on all scrap plastic imports for at least five months, moving the ban’s start date to the end of August, according to a report from the website Resource Recycling. The plastic ban was originally announced on March 6, the report said, as India cited environmental concerns and hoped to boost domestic production. A memo from India’s Ministry of Environment, Forest and Climate Change said that the reason for the delay was “to ensure smooth compliance,” the report said. The ban ends previous exemptions that allowed plastic imports by Indian business in “certain designated economic development districts,” the report said. The U.S. exported 294 million pounds of scrap plastic to India last year, according to the report, composing about 12 percent of the U.S.’s total plastic scrap exports.
Venezuela is asking a World Trade Organization panel to intervene in U.S.-imposed sanctions on the country, including those imposed on Petroleos de Venezuela, the state-run oil company, according to a memo Venezuela sent to the WTO’s Dispute Settlement Body chairperson. The U.S. “refused” consultations with Venezuelan officials after the country requested consultations in December, prompting Venezuela to take the next step and request establishment of a WTO dispute resolution panel. In the memo, Venezuela describes the U.S. actions as “coercive and trade-restrictive measures” and an “attempt to isolate it economically.” Venezuela also called them “discriminatory.”
Counterfeit goods made up as much as 6.8 percent of total imports into the European Union in 2016, up from 5 percent just three years earlier, mirroring a worldwide increase in trade in counterfeits, the European Union Intellectual Property Office said in a new report. China remained the world’s top shipper of counterfeits, though Hong Kong plays an increasing role as a transit point, and “India, Malaysia, Mexico, Singapore, Thailand, Turkey and the United Arab Emirates remain among the top provenance economies,” the report said.
Oleg Deripaska, a Russian businessman who was sanctioned by the U.S. in 2018, sued the Treasury Department last week, alleging its sanctions rely on “unsubstantiated” allegations and have led to the “utter devastation” of his “wealth, reputation, and economic livelihood,” according to court documents. The suit, filed March 15, requests that the U.S. District Court for the District of Columbia order Treasury's Office of Foreign Assets Control to remove the sanctions. It names Treasury Secretary Steven Mnuchin, Treasury Department OFAC Director Andrea Gacki, the Treasury Department and OFAC as defendants.
The government of Canada recently issued the following trade-related notices for March 15 (note that some may also be given separate headlines):
The European Union recently issued a guidance document on trade and customs procedures for the EU after the withdrawal of the United Kingdom if there is no deal between the EU and U.K, according to a posting on the Malta Customs website. The guidance includes information on country of origin status, entry requirements, special duty-free classification and special procedures including transit, warehousing and inward and outward processing.
The U.S. Department of Agriculture issued a report reminding U.S. exporters that Hong Kong’s policy regarding bans of U.S. poultry and eggs that may have been subject to an avian influenza outbreak defines the effective date as the date of departure from the U.S. The practice ensures U.S. poultry products on their way to Hong Kong can access the Chinese market when an outbreak occurs, even if the goods were produced during the avian influenza “incubation period.” Products produced before the incubation period will be accepted from the “affected country,” as long as they were shipped before the ban took effect, USDA said. “However, once the ban is imposed,” the report said, “products originating from or processed in the AI infected county well before the AI incubation period are not allowed entry to Hong Kong.”
The U.K. Parliament voted March 13 that the U.K. should not leave the European Union without a deal, paving the way for another vote that could seek to delay that departure beyond the March 29 deadline. Although the vote is not legally binding, it formally signaled Parliament’s opposition to a no-deal Brexit -- the possibility of the U.K. leaving the EU without an agreed framework for cross-border transactions. The measure passed 321-278. A March 14 vote on another amendment on whether to delay Brexit is expected, according to reports.