CBP is hoping to launch a truck electronic export manifest (EEM) portal later this year, the agency said ahead of the Commercial Customs Operations Advisory Committee’s March 6 meeting (see 2402150016 and 2402260034). CBP listed the effort as “currently under development” in a government issue paper for COAC’s Export Modernization Working Group released this week, which said a truck portal in the Automated Commercial Environment has a “tentative scheduled deployment of Fall 2024.”
Computing chips and other high-tech equipment made by American companies continue to flow to Russia’s war machine despite U.S. efforts to stop them with export controls and sanctions, Sen. Richard Blumenthal, D-Conn., said Feb. 27.
The Federal Maritime Commission added Hede (Hong Kong) International Shipping and removed COSCO Shipping Lines (Europe) from its list of controlled carriers, the agency said in a Feb. 26 notice.
The Treasury Department published an analysis of the Russian oil price cap last week, saying that sanctions enforcement is “successfully forcing” Russia to sell oil at a discount, although Russian oil export markets have remained stable. The analysis includes data that tracks the price of Russian oil over the last two years and analyzes how the country’s revenue and exports have changed over time.
The Federal Maritime Commission issued its long-awaited final rule for new demurrage and detention billing requirements, describing the information carriers and marine terminal operators must include in their invoices, clarifying which parties can be billed and under what time frames, outlining the processes for disputing charges, and more.
The Bureau of Industry and Security this week eliminated some license requirements for exports of certain cameras, systems and related components, which the agency said will help U.S. exporters better compete with foreign firms and reduce licensing burdens. The final rule, released Feb. 22, also introduces a new control for certain high-speed cameras that BIS said pose proliferation risks.
A World Trade Organization dispute panel on Feb. 20 found a U.S. attempt to revisit part of its countervailing duty laws as they pertain to subsidies on agricultural products violated the nation's WTO commitments. The panel said the U.S. failed to implement the findings of a previous dispute panel ruling, which said these same laws cut against the General Agreement on Tariffs and Trade in relation to a subsidy finding on ripe olives from Spain.
The Treasury Department is likely to release its draft outbound investment regulations in the next several months, setting them up to potentially take effect before year's end, said foreign investment lawyer Jonathan Gafni of Linklaters.
The Bureau of Industry and Security should get a “significant” funding boost next year so its export control authorities can keep pace with emerging technologies and so its enforcement branch can continue increasing penalties on violators, the top Democrats on the Senate Banking Committee said this week.
En-Wei Eric Chang, a dual citizen of the U.S. and Taiwan, pleaded guilty Jan. 31 to conspiracy to export defense materials to Iran.