The U.S. will allow imports of Chinese cooked poultry and China will allow imports of U.S. beef “as soon as possible,” according to a Treasury fact sheet (here) on initial actions being taken under the two countries’ 100-day plan on economic cooperation (see 1704100008). U.S. and Chinese representatives are to resolve outstanding issues on allowing China cooked poultry into the U.S., and “after reaching consensus,” the U.S. will publish a proposed rule by July 16 at the latest to permit the imports, the fact sheet says. The U.S. and China also agreed that China will allow imports of U.S. beef no later than July 16, following international food safety and animal health standards consistent with the bilateral 1999 Agricultural Cooperation Agreement, after delegations hold one more round of technical consultations, the fact sheet says.
The Office of Foreign Assets Control removed 46 entries from its Specially Designated Nationals (SDN) list, and updated the entry for one individual, under Foreign Narcotics Kingpin Act designations, OFAC said (here).
The Office of Foreign Assets Control has added two individuals and three entities to its Specially Designated Nationals list, under Kingpin Act designations, OFAC said (here).
The Office of Foreign Assets Control has added one individual to its Specially Designated Nationals list, under counterterrorism designations, OFAC said (here).
The Office of Foreign Assets Control has added two entities to its Specially Designated Nationals list, under Foreign Narcotics Kingpin Act designations, OFAC said (here).
No world economy raised the three red flags necessary to trigger increased U.S. bilateral engagement and possible sanctions to counter unfair currency manipulation through new procedures outlined by the Trade Facilitation and Trade Enforcement Act (TFTEA), according to a Treasury report to Congress on the foreign exchange policies of major U.S. trading partners (here). However, Treasury has added to the “Monitoring List" China, Japan, Korea, Taiwan, Germany and Switzerland. President Donald Trump last week said that he wouldn't label China a currency manipulator despite stating during the presidential campaign that it was among his priorities to do so (see 1704130014).
The Office of Foreign Assets Controls has added six individuals to its Specially Designated Nationals list, under counterterrorism, Iran and Libya designations, OFAC said (here). OFAC also added one entity under Iran designations.
The Office of Foreign Assets Controls has added two individuals to its Specially Designated Nationals list under Central African Republic designations and removed one individual under Zimbabwe designations, OFAC said (here).
The Office of Foreign Assets Control removed one individual from its Specially Designated Nationals (SDN) list under Foreign Narcotics Kingpin Act designations, OFAC said (here).