The Trade Practitioner

International Trade Current Events and Compliance Tools

With continuing uncertainty, there is still a lack of clarity on what the final Brexit arrangements between the UK and the EU will look like. Many companies have been planning for the implications of Brexit for some time, and some still need to consider how Brexit may affect their operations. Both the UK government and the EU are encouraging businesses to prepare for the possibility of a no-deal Brexit. Regardless of size, plans need to…
On December 17, 2018, President Trump signed into law the Small Business Runway Extension Act of 2018 (HR 6330) (the Act), which modifies the period to measure small business size status from three fiscal years of average annual receipts to five fiscal years.…
UPDATE: The Tariff Book was updated again on December 17, 2018. Changes were made to the US section. How To Use The Tariff Book Because there is so much information included in this Tariff Book, we have made the document fully searchable. The information provided in this book comes from number of different sources, some of which are official foreign government documents written in languages other than English. While we were able to provide unofficial translations…
EU goes ahead with a European framework, similar in intents and purposes as the Committee for Foreign Investments in the United States (CFIUS), for screening incoming foreign direct investments… extra scrutiny over foreign investments that might affect public order and security. On December 10, 2018, the European Parliament Committee on International Trade (INTA) approved the EU Regulation establishing a framework for screening of foreign direct investments into the European Union (the Regulation). The final text of the Regulation was agreed by all three…
UPDATE:  BIS is extending the public comments deadline on emerging technology export controls from December 19 this year to January 10, 2019, per an unpublished Federal Register notice released on December 13. The proposed rule will officially appear in the Federal Register on December 14. Posted on November 26, 2018 On November 19, 2018, the US Department of Commerce’s (Commerce) Bureau of Industry Security (BIS) published in the Federal Register an advance notice of proposed rulemaking