POLICIES & REGULATIONS

Report Finds Import Revenue Debt Collection Process Needs Improvement

13 December 2018

CBP failed to ensure the timely collection, write-off and processing of delinquent debt from importers during fiscal years 2014 through 2016 and instead settled for collecting funds from importer surety bonds that yielded less than one percent of the amount owed, according to a recent report from the U.S. Department of Homeland Security’s Office of Inspector General. More

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Tech Industry Given More Time to Submit Input on New Export Control Process

13 December 2018

Following a request by a large group of U.S. tech industry executives, Assistant Commerce Secretary for Export Administration Richard Ashooh has agreed to extend by three weeks the deadline to submit input on a proposal that is likely to result in export controls on emerging technologies. More

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New Information Requirements Concerning Nanomaterials Published

13 December 2018

Hong Kong manufacturers may know that nanomaterials are present in everyday consumer goods, such as clothing and shoes; cosmetic products including sun cream, deodorant and toothpaste; electronics and computers; home furnishings; household products including kitchen utensils; food and food packaging; sports equipment; and children’s toys and games. More

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Parliamentary Committee Backs Regulatory Proposal Targeting Platforms and Online Search Engines

13 December 2018

The objective of the future P2B Regulation is to oblige online platforms to be transparent in their business practices. MEP and rapporteur (chief parliamentary negotiator) for the file, Christel Schaldemose, explained that the P2B Regulation will “make the relationship between platforms and businesses fairer and more transparent, which ultimately will be to the advantage of the consumer.” More

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Advance Notice Requirement for Imports of 28 Chemical Substances Withdrawn

11 December 2018

The EPA has withdrawn a direct final rule that would have required persons who intend to manufacture (including import) or process any of 28 specified chemical substances for an activity designated as a significant new use by that rule to notify the EPA at least 90 days before commencing that activity. More

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Legislation Introduced or Passed in the 115th U.S. Congress

11 December 2018

From 3 through 9 December 2018, members of the U.S. Congress introduced and/or approved the following international trade-related bills that may have an impact on Hong Kong or mainland China. More

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U.S. Executive Calendar

11 December 2018

U.S. Executive Calendar as at 10 December 2018. Action: Deadline for requests to appear at hearing in connection with USITC AD and CV injury investigations of plastic decorative ribbon from China. More

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Official Journal Summary

11 December 2018

The EU list of non-cooperative jurisdictions for tax purposes — Report by the Code of Conduct Group (Business Taxation) suggesting amendments to Annex II of the Council conclusions of 5 December 2017. More

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Senate Approves Legislation to Strengthen U.S. Economic Ties with Indo-Pacific Region

11 December 2018

The U.S. Senate on 4 December approved by unanimous consent the Asia Reassurance Initiative Act of 2018, which reflects the upper chamber’s interest in the Indo-Pacific region. In addition to authorising bi-lateral and multi-lateral trade negotiations with Indo-Pacific nations, the legislation would encourage a robust U.S. commercial presence throughout the Indo-Pacific region to promote U.S. exports and additional trade facilitation efforts. More

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Brazil Unveils Good Practices for the Development of Trade-Related Regulations

11 December 2018

CAMEX has issued a regulation setting forth good practices for the development of trade-related regulatory measures as part of an on-going effort by the Brazilian government to streamline and simplify trade-related procedures and requirements. More

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