On 1 November 2024, the Bureau of Industry and Security (BIS) at the Department of Commerce levied a USD 500'000 penalty on GlobalFoundries, a large contract chipmaker, for shipping chips without authorisation to SJ Semiconductor, an affiliate of bl…
On 30 September 2024, the United States of America's Bureau of Industry and Security (BIS) of the Department of Commerce, adopted a new order expanding the Validated End User (VEU) program to encompass data centers. Under this program, U.S. exporter…
On 13 September 2024, the White House announced, as part of a Fact Sheet on de minimis reform, a Proposed Rulemaking to Reduce De Minimis Volume and Strengthen Trade Enforcement. According to the announcement, the Rulemaking aims to tackle the abuse…
On 21 August 2024, the General Offices of the CPC Central Committee and the State Council announced the issuance of Opinions on Improving the Market Access System, which focus on the importance of refining the market access system. In particular, th…
On 8 August 2024, the Fighting illicit goods, helping trustworthy importers, and netting gains for America Act (FIGHTING for America Act of 2024) was announced by US Senate Committee on Finance. The Act applies to companies that allegedly exploit th…
On 9 July 2024, Thailand and South Korea started negotiations on an Economic Partnership Agreement (EPA). The parties focused on the draft agreement, market access proposals, and other related issues involving 13 trade negotiation committees and wor…
On 14 May 2024, US President Biden directed the US Trade Representative to use their statutory powers under s.301 of the Trade Act of 1974 in response to alleged unfair trade practices by China. As a result, the import tariff rates are increased in …
On 8 May 2024, the Enhancing National Frameworks for Overseas Restriction of Critical Exports Act (ENFORCE Act/HR 8315) was introduced in the US House of Representatives. The ENFORCE Act amends the Export Control Reform Act of 2018 to prevent foreig…
On 15 April 2024, the End China’s De Minimis Abuse Act (HB 7979) was introduced in the US House of Representatives. The Act applies to the private sector involved in importing goods under section 321 of the Tariff Act of 1930, which provides for the…
On 11 April 2024, the United States Bureau of Industry and Security (BIS) added eleven companies to the Entity List based on its Export Administration Regulation (EAR). The BIS stated that the six Chinese companies that were added purchased US-contr…