SECURUS Strategic Trade Solutions

The #MERCOSUR-Singapore FTA took effect for #Singapore-#Paraguay Feb 1 and Singapore-#Uruguay Mar 1. It will facilitate trade, gradually eliminating #tariffs, supporting small business, and expediting customs clearance. SECURUS Trade analyzes the FTA. securustrade.com/mercosur-singa…

On Jan 29, the #EU adopted additional sanctions on exports to Iran, incl. restrictions on #semiconductor manufacturing equipment & other components used in #UAV and missile production. SECURUS Trade examines new export restrictions & affected items securustrade.com/eu-updates-ira…

Effective Jan 22, #southkorea can restrict financial transactions of corporations directly or indirectly owned or controlled by individuals, corporations, or orgs involved in WMD #proliferation. SECURUS Trade analyzes the new rules and impact on traders. securustrade.com/rok-anti-terro…

SECURUS examines U.S. tariffs on imports from Mexico Feb-Apr 2025, including the Feb 1 order targeting almost all articles of Mexico, subsequent amendments, & aluminum, steel, & automotive tariffs. SECURUS examines articles affected, duty rates, & terms. securustrade.com/us-tariffs-on-…

On Feb 24, the EU adopted its 16th round of Russia sanctions, incl restrictions on Russia's energy, trade, finance, & other sectors & measures to prevent circumvention. SECURUS examines asset freezes, prohibited activities, affected goods, & other elements securustrade.com/eu-adopts-16th…

SECURUS examines new 25% #USA #aluminum and #steel tariffs and #Reciprocal Trade and Tariffs Memo. Products affected include refrigerator, microwave, motor vehicle, and aircraft parts, fencing materials, cooking appliances, and plows securustrade.com/u-s-aluminum-s…

SECURUS examines new 10% #USA #tariff on #China #imports & China responses, incl 10% tariff on U.S. crude #oil, ag machinery, & some vehicles, 15% tariff on U.S. #coal & #LNG, & restrictions on #exports of some #criticalmetals with adv tech & military apps securustrade.com/u-s-tariffs-ch…

#USA Exec Order Jul 14 ends preferential treatment for #HongKong in natl security & other areas. License exceptions for EAR #exports to HK that provide different treatment than those for #PRC revoked. US defense exports to HK subject to policy of denial. whitehouse.gov/presidential-a…

Recent #India #import duties: Jun23- flatrolled #steel products plated or coated with aluminium & zinc from #China, #Vietnam, #SouthKorea to Oct15, 2024; Jul8- steel & fiberglass measuring tape from China for 5 yrs; Jul13- 10% tax on polybutadiene #rubber from ROK to Jan28, 2021

After Jun #Xinfadi #COVID19 outbreak #China #Customs sent letters to foreign exporters requiring declaration that #food #exports to China comply w/ China regs, UN guidance for virus-free food. Customs has blocked food imports from some producers bc of risk fruitnet.com/eurofruit/arti…

Jun 29 #EU extended #sanctions on #Russia for actions in #Ukraine to Jan 31 2021. Limit Russia actors' access to EU markets, prohibit #import, #export, transfer of #defense materiel, ban #dualuse exports w/ military use, limit Russia access to energy tech. consilium.europa.eu/en/press/press…

China-India: Jun 22-Jul 2 #India #Customs conducted 100% phys checks on #China, #HongKong #imports at key ports. Clearance delays for India imports followed in China, HKSAR. Jul 3- India restricts China power equipment imports bc of cybersecurity concerns. reuters.com/article/us-ind…

#SouthKorea Min of Food & Drug Safety issued inspection order in Jun for #imports of basil from #Thailand after detecting excessive pesticide residue. Imports must undergo safety inspection by govt-designated agency. Order in force Jun 25 2020-Jun 24 2021. ajudaily.com/view/202006181…

#India Directorate General of Foreign Trade @dgftindia lifted the ban on #export of #hydroxychloroquine API & its formulations on June 18. Notification available at dgft.gov.in/sites/default/…. timesofindia.indiatimes.com/business/india…

Jun 20 #EU extended #sanctions re: #Russia annex of #Crimea & #Sevastopol to Jun 23 2021. Prohibit investing in Crimea & Sev, #imports to EU from region, #export of EU transport, telecom, energy, oil/gas items & providing tourism, other services to region. consilium.europa.eu/en/press/press…

The U.S.-#Mexico-#Canada Agreement #USMCA entered into force today, updating & replacing #NAFTA. It makes changes to rules of origin (esp for #automotive industry), establishes digital trade rules, & provides for labor protections for Mexico workers. gtreview.com/news/americas/…

#Chile, #NewZealand, #Singapore signed Digital Economy Partnership Agreement (#DEPA) Jun 12. Incl modules on #trade facilitation, data protection, digital IDs, SME cooperation. Enters into force when at least 2 parties complete domestic legal procedures. straitstimes.com/business/econo…

Enterprise #Singapore & Singapore Standards Council introduced TR 76 guidelines for #ecommerce transactions Jun 12. They cover all stages of transaction. Sellers shd clearly provide info on #import/#export fees, payment, shipping, among other guidelines. straitstimes.com/business/natio…

On Jun 8 @CBIC_India launched #Turant #Customs program @ #Bengaluru, #Chennai facilities; enables faster clearance of mechanical, electric, & electronic #imports thru faceless remote assessment. On Jun 22 CBIC launched end to end paperless #export process. govjobadda.org/current-affair…

#China Ministry of Commerce #MOFCOM declared 5-year extension of anti-dumping duties from June 8 on #imports of #acetone (a key ingredient in #disinfectant production) from #Japan, #Singapore, #SouthKorea, & #Taiwan after a year-long review of the duties. xinhuanet.com/english/2020-0…