Cambodia formally accepted the Agreement on Fisheries Subsidies May 6, moving the total number of countries that have accepted the deal to 73. The WTO requires 37 more to reach the two-thirds threshold needed for full acceptance of the agreement.
Jacob Kopnick
Jacob Kopnick, Associate Editor, is a reporter for Trade Law Daily and its sister publications Export Compliance Daily and International Trade Today. He joined the Warren Communications News team in early 2021 covering a wide range of topics including trade-related court cases and export issues in Europe and Asia. Jacob's background is in trade policy, having spent time with both CSIS and USTR researching international trade and its complexities. Jacob is a graduate of the University of Michigan with a B.A. in Public Policy.
The European Commission on May 7 extended its antidumping and countervailing duties on cold-rolled stainless steel from Indonesia to cover Taiwan, Turkey and Vietnam, the Directorate-General for Trade announced. The commission said the extension of the measures is needed to "ensure the efficacy of the original measures on stainless steel from Indonesia."
Dennis Fitzpatrick, former assistant U.S. Attorney in the Eastern District of Virginia, has joined Whiteford as a partner working on national security matters, the firm announced. Whiteford said Fitzpatrick has experience with proceedings on export controls, sanctions evasion, money laundering and bribery.
Sullivan & Cromwell last week announced that it's creating a national security practice focusing on economic sanctions, anti-money laundering laws, Foreign Corrupt Practices Act investigations, foreign investment regulations, export controls and import restrictions.
Houston residents Muzzamil Zaidi and Asim Mujtaba Naqvi pleaded guilty last week for their role in a scheme to send money to Iran without permission from the Office of Foreign Assets Control, DOJ announced.
World Trade Organization members taking part in the Committee on Rules of Origin's April 29 meeting discussed ways to improve the "functioning of the committee" and use digital tools to "facilitate the work of delegates," the WTO said. Members discussed various measures to improve the committee, which included revamping the "rules of origin gateway page on the WTO website" by adding a guide for new delegates on the committee's work and an events page.
The EU and Japan on May 2 wrapped up the fifth EU-Japan High Level Economic Dialogue, announcing an initiative to work more closely on sustainable supply chains, the European Commission said. The two countries noted the need for collaboration on "climate change, energy security, cyber security and stability of supply, based on jointly agreed principles." The dialogue also stressed the importance of making sure the World Trade Organization "is reformed."
Brooklyn, New York, resident Nikolay Grigorev pleaded guilty April 30 for his role in a scheme to illicitly export electronic components from the U.S. to companies linked to the Russian military, DOJ announced.
Malta's Sanctions Monitoring Board said that Dubai-based virtual casino company ArabMillionaire Limited violated sanctions compliance requirements, though the national authority didn't provide details about the nature of the violation or the extent of the penalty. The board invoked Article 17(6) of the National Interest (Enabling Powers) Act, which requires companies to routinely check sanctions lists and have internal controls in place to ensure sanctions compliance.
An EU-New Zealand trade agreement that eliminates tariffs on EU goods such as "pig meat, wine and sparkling wine, chocolate, sugar confectionary and biscuits," entered into force May 1, the European Commission announced. Under the deal, "sensitive EU agricultural products such as beef, sheepmeat and dairy products are protected with carefully designed tariff rate quotas." EU investors will also receive nondiscriminatory treatment in New Zealand and EU companies will receive greater access to New Zealand procurement contracts, the commission said.