CENTRAL & SOUTH AMERICA

The Brazilian Chamber of Deputies on 10 February approved legislation to establish a new legal framework for foreign exchange transactions in Brazil. The National Confederation of Industry believes this legislation would “contribute to the expansion and reduction of bureaucracy in foreign trade operations in Brazil.” The legislation has been forwarded to the Senate for its consideration. More

The DOC has issued a new interim final rule aimed at securing the U.S. information and communications technology and services supply chain. Slated to enter into force on 22 March, the rule creates the processes and procedures that the U.S. Secretary of Commerce will use to identify, assess and address certain transactions between U.S. and foreign persons that (i) involve ICTS designed, developed, manufactured or supplied by persons owned by, controlled by More

The Office of Foreign Assets Control on 30 November included mainland China’s CEIEC in the SDN List for having materially assisted, sponsored or provided financial, material or technological support for, or goods or services to or in support of, actions or policies that undermine democratic processes or institutions in Venezuela. More

Brazilian exporter Mercosul International has been doing business in Hong Kong and mainland China for more than two decades. The man driving its business here and across the Asia-Pacific region believes the Greater Bay Area Initiative has the potential to deliver positive economic results in uncertain times. More