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Vol. I: Issue 14 - September 22, 2006

OECD
OECD Spearheads Initiative to Curb Protectionism of Investments On the Basis of National Security Concerns.
As countries have internally debated legislation to counter growing concerns over politically-charged investments, the Organization for Economic Co-operation and Development (OECD) has launched its own project to ensure that domestic measures do not significantly impede the growth of foreign investment.

The OECD members have long adhered to a Declaration on International Investment and Multinational Enterprises, renewed in 2000, which, although explicitly not limiting the right of member countries to regulate foreign investment, provides that such regulations should be transparent and apply equally to domestic and foreign companies operating within those countries. More…


Senate Approves Port Security Bill Without 100% Screening Requirement. In an attempt to address growing concerns that maritime transportation may be a potential target for terrorist attacks on the U.S., the Senate passed the Port Security Improvement Act by a vote of 98-0 last week. More…



Uncertainty Concerning New Legal Framework on EU-US Passenger Name Record (PNR) Transfers. While the 30 September deadline imposed by the European Court of Justice is rapidly approaching, there are few signs of political consensus on a new legal framework to transfer PNR data to the U.S. More…



Classification Review Update.In the last issue, we talked about the complexity of tariff classification of imported merchandise, as well as the dividends that periodic re-analysis of classification can pay. More…


First Dispute Settlement Case Against China in the World Trade Organization (WTO) Soon to be Launched. The EU, the U.S. and Canada have requested the establishment of a Panel to decide on the WTO legality of Chinese import tariffs for auto parts. More…



International Patent Law Treaty Sent to U.S. Senate for Ratification. President Bush has sent the Patent Law Treaty and accompanying regulations to the Senate for ratification with one amendment to preclude the necessity of changing current U.S. patent law. More…



Court Rewrites Byrd Amendment to Correct Constitutional Problem. The Court of International Trade recently held that a domestic producer that opposed the original antidumping investigation can receive monies collected pursuant to an antidumping duty order under the Continued Dumping and Subsidy Offset Act (“CDSOA” or “Byrd Amendment”). More…


Iran: The U.S. hits Bank Saderat and Pursues “Back Door Sanctions.” In the ongoing effort by the U.S. Government to bring various forms of pressure on Iran, the Office of Foreign Assets Control, OFAC, has amended the Iranian Transactions Regulations (ITR) to cut off Bank Saderat, one of Iran 's largest government-owned banks, from the U.S. financial system. More…



U.S. Bureau of Industry and Security (BIS) Publishes Final Rule to Amend the Export Administration Regulations (EAR). The Final Rule reflects revisions agreed upon at the December 2005 Wassenaar Arrangement Plenary Meeting. More…



Crowell & Moring LLP and C&M International present The 1st Annual International Business Conference Navigating the Risks and Opportunities of the Chinese Market October 16, 2006 More...

Crowell & Moring LLP with AeA and CCIT present Globalization's New Road Map: Best Practices and Policies for Growing and Protecting Your International Business on October 26, 2006 More...

EU TRADE POLICY
European Union Confirms Switch in Emphasis in its External Trade Policy Towards Bilateral Trade Agreements with Key Trading Partners. The European Commission has announced separate negotiations with China and Korea on partnership, trade and co-operation agreements in order to improve market access opportunities for EU businesses in these two countries. At the same time, the EU Commissioner for Trade, Peter Mandelson, has called for the long-stalled EU-Mercosur negotiations to be finalized as soon as possible.

For some time now, EU industries and enterprises have been calling for the European Union to catch up with the United States in the race to sign up major trading partners to bilateral trade commitments. The European Commission has now responded to these criticisms by identifying China, Korea and the Mercosur countries (which include Brazil ) as the main focus for these efforts. More…

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