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Study set to pinpoint trade flow bottlenecks at ports

The results of a crucial ongoing study will enable Cambodia to set out a framework of strategies to enhance the efficiency of the trade facilitation environment and the Kingdom’s competitiveness on the international stage, according to General Department of Customs and Excise (GDCE) director-general Kun Nhem. ....

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Study set to pinpoint trade flow bottlenecks at ports

The results of a crucial ongoing study will enable Cambodia to set out a framework of strategies to enhance the efficiency of the trade facilitation environment and the Kingdom’s competitiveness on the international stage, according to General Department of Customs and Excise (GDCE) director-general Kun Nhem. ....

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United States: US Court of International Trade declares Section 232 steel and aluminum tariffs on 'derivative' products invalid and orders refunds the tariff

Global Compliance News
July 4, 2021
3 Mins Read
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In brief
On 5 April 2021, the US Court of International Trade (Court) issued a significant ruling that overturns a portion of the Section 232 tariffs imposed by President Trump under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. §1862). The decision affects the duties imposed on US imports of steel and aluminum “derivative” products but not the more general steel and aluminum tariffs. The Court found that President Trump missed the statutory deadline when he extended Section 232 tariffs to cover steel and aluminum derivative products more than two years after he received the original Section 232 report. In particular, the President failed to issue the proclamation expanding the duties within the 105-day window beginning upon receipt of the investigation report issued by the Secretary of Commerce. The decision may provide a path to meaningful relief (i.e., refunds and future impo ....

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Japan: Japanese Diet approves Regional Comprehensive Economic Partnership Agreement (RCEP)

Global Compliance News
June 9, 2021
2 Mins Read
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In brief
On April 28, 2021, the House of Councilors of Japan approved the Regional Comprehensive Economic Partnership Agreement (RCEP), nearly completing the ratification process that began with RCEP’s approval by the lower house of the Diet on April 15. Japan is expected to formally deposit its ratification instrument with the ASEAN Secretariat after a few remaining internal procedures.
The RCEP, signed on November 15, 2020, is the largest regional free trade agreement (FTA) outside the WTO. Its 15 member states account for approximately 30% of the world’s gross domestic product (USD 26.3 trillion) and 30% of the world’s population (2.3 billion) ....

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