SmarTrade

Timely news and analysis of the latest developments in international trade law

On December 2, 2021, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the expansion of sanctions against Belarus in response to the Lukashenka regime’s continued “disregard for international norms.” The actions taken by OFAC pursuant to
Continue Reading OFAC Expands Sanctions Against Belarus Through Additional Designations and Issuance of Directive 1

On November 24, 2021, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 8I, “Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or
Continue Reading OFAC Again Extends Venezuela General License to Continue Authorization of Limited Transactions Involving PdVSA and Winding Down of Operations for Certain Entities

The Office of the U.S. Trade Representative (USTR) has announced that it will again extend Section 301 product exclusions for imports from China of medical care products needed to address the COVID-19 pandemic. The 99 exclusions were published on December
Continue Reading USTR Announces Further Extension of Certain Section 301 Product Exclusions for COVID-19 Response Purposes

Effective November 1, 2021, the Department of State’s Directorate of Defense Trade Controls (DDTC) amended the International Traffic in Arms Regulations (ITAR) to add and update entries for Ethiopia and Eritrea, respectively. As a result, it is now the policy
Continue Reading DDTC Amends ITAR to Confirm Policy of Denial for Defense Exports to Ethiopian and Eritrean Military, Police and Intelligence