Trade ministers meeting at the World Trade Organization in Geneva agreed to a partial solution to harmful subsidies for fishing fleets, an intellectual property waiver for Covid vaccines, and to allow sale of commodities to the World Food Program even if the product is otherwise subject to export restrictions. The countries that attended the ministerial conference also agreed to extend the moratorium on tariffs on electronic transmissions.
CBP posted multiple documents ahead of the June 29 Commercial Customs Operations Advisory Committee (COAC) meeting:
In a resolution meant to be part of the EU's new rules on products created or transported by forced labor, the European Parliament recommended banning such products from the bloc. According to the recommendations, authorities would "detain and seize" the goods at EU borders in instances where "sufficient evidence" indicates that they were made or transported by forced labor.
A top official in the Office of the U.S. Trade Representative said that opposition to extending a moratorium on tariffs on sales of intangible goods has surfaced before, but that the e-commerce moratorium has been renewed at every World Trade Organization ministerial conference since 1998. "There are a few countries, despite benefiting from e-commerce and digital trade, who continue to resist an extension of the moratorium," she said, but most countries, including in the developing world, see the tariff-free status as important.
The Commercial Customs Operations Advisory Committee (COAC) for CBP will next meet remotely June 29, CBP said in a notice. Comments are due in writing by June 24.
A week before U.S. Trade Representative Katherine Tai heads to Geneva for the World Trade Organization's ministerial conference, she said she's excited for what the meeting could bring, though she avoided predicting that either an intellectual property waiver for COVID-19 vaccines would be approved, or that the 20-year fisheries negotiations would be closed.
A few days after the majority of senators said they want Taiwan to be included in the Indo-Pacific Economic Framework (see 2205180034), U.S. Trade Representative Katherine Tai issued a readout of a May 20 meeting with a top Taiwanese official that made no mention of IPEF. Tai said she met with Taiwan’s Minister-Without-Portfolio John Deng, and said that they discussed "opportunities to deepen the economic relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for their workers and businesses." It said they also discussed how Taiwan and the U.S. both want to fight forced labor, and how important supply chain traceability is.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching the title or by clicking on the hyperlinked reference number.
The Uyghur Forced Labor Prevention Act and the likelihood that the EU will pass a due diligence directive requiring disclosure of forced labor risk for large companies are changing the paradigm of supply chain visibility, a top Labor Department official said during a webinar on human rights in global supply chains. Thea Lee, a long-time union official and now deputy undersecretary for international affairs in the Bureau of International Labor Affairs, said, "I do think that we are in a new era, and it will behoove most companies to start taking these steps to be able to have the eyes into their supply chain whether they are directly impacted right now by the EU directive or whether they are selling goods into the United States."
The possibility of passing a ban on the import of goods made with forced labor, first mentioned last year by the EU president (see 2109210030), is slowly advancing through the European Parliament, as a trade committee asked a European Commission official for more information before the legislative language is released.