The U.S. has not publicly released all the companies that have applied for an extended period to get their North American-made vehicles into compliance with the tighter rules of origin, but both Canada and Mexico have published the list of 12 companies that have been approved. Since all three countries must approve alternative staging regimes, it follows that these companies' transition plans are cleared by the U.S., as well. The press office of the Office of the U.S. Trade Representative is in transition with a change in administrations.
The United Kingdom formally applied to start negotiations on its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) -- an 11-member trade partnership that represents more than 9 trillion euros in economic activity. The inclusion of the U.K. would mark the bloc's first foray beyond the Pacific and expand CPTPP's proportion of global GDP to 16%.
The European Union recently issued guidance and Canada updated its frequently asked questions on the EU-Canada Comprehensive Economic and Trade Agreement. The EU guidance covers rules of origin under the deal, including the process for declaring origin and details for a range of product-specific rules. Canada on Jan. 26 updated its FAQs, detailing how Brexit will affect market access for Canadian goods, and offering information on labeling requirements, tariff rates and more.
The government of Canada issued the following trade-related notices as of Jan. 29 (some may also be given separate headlines):
Turkey recently updated its import tariffs for certain nuts, the U.S. Department of Agriculture Foreign Agricultural Service reported Jan. 22. The country raised duties on in-shell and shelled walnuts to 15% for all origins, excluding countries with which Turkey has a free trade deal. FAS also said Turkey imposes an additional 10% duty on tree nuts imported from the U.S. in retaliation for U.S. tariffs on Turkish steel.
The Office of Foreign Assets Control extended a general license authorizing certain transactions involving securities of companies that “closely” match the name of a company identified as a Chinese military company (see 2011130026), a Jan. 27 notice said. General License No. 1A, which replaced General License No. 1 (see 2101120026), authorizes the transactions through 9:30 a.m. EDT May 27 and past the original expiration date of Jan. 28. OFAC also added language to the license to specify that it does not authorize transactions with securities of entities listed on OFAC’s Non-Specially Designated Nationals Communist Chinese Military Companies List or Defense Department-issued lists (see 2101150006). The agency updated frequently asked questions 878 and 879 to reflect the change.
China and New Zealand updated their 12-year-old free trade agreement to increase trade in goods, revise certain rules of origin and address technical barriers to trade, China’s state-run news agency Xinhua reported Jan. 26. The deal's provisions include addressing trade barriers on certain wood and paper products and requiring New Zealand to lower its threshold for reviewing Chinese investments.
Electronics industry association SEMI called for industry input on a review of Trump administration export control policies, in a Jan. 25 letter to secretary of commerce nominee Gina Raimondo. The trade group said the prior administration made drastic changes to export control regulations without allowing enough industry input, and said the new administration should formally hear industry concerns.
Ghana recently postponed a planned 20% increase in registration fees and customs charges for certain imported goods and services, the Hong Kong Trade Development Council reported Jan. 21. Fee increases that were scheduled to take effect Jan. 1 were delayed for at least three months amid criticism from importers, shippers and freight forwarders that the increased charges would lead to higher prices and “damage to the economy,” the report said. The fees -- which would affect imports including office equipment, plastic goods, auto parts, telecommunication equipment, pharmaceutical products and furniture -- originally were scheduled to take effect last year but were pushed to 2021 due to the COVID-19 pandemic, the HKTDC said. Ghana will reassess the situation and the fees at the end of this year’s first quarter.
The government of Canada issued the following trade-related notices as of Jan. 22 (some may also be given separate headlines):