The U.S. is making greater use of economic and trade sanctions as tools of foreign policy, extending their reach to more targets around the world ... creating new compliance pitfalls for companies that do business on a global basis. The U.S. is leaning in on economic...
10 Bellwether Trends in International Trade
Here are 10 trends in international trade with high potential to change the course of U.S. import-export trade in the year ahead. 1. Shifting Currents in Global Energy Flows The lifting of restrictions on U.S. oil exports together with the shale revolution have...
U.S. OFAC SDN List of Sanctioned Venezuelans Lengthens
Thirteen current and former government officials in Venezuela are designated for sanctions that freeze their U.S. assets and bar U.S. persons from doing business with them. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added 13...
Free Report: Snapshot of Trade as Sanctions on Iran Ease
Sanctions on Iran trade will ease this year as the International Atomic Energy Agency has confirmed Iran is minding the terms of its deal to curb its nuclear development program. That deal is meant to close off “every single path Iran had to building a bomb,” as...
Trade Data on Iran: Set to Regain Share in Petrochemicals
Iran is readying the ground for resumption of petrochemicals exports as the nuclear deal it’s struck with six world powers, including the US, calls for lifting the sanctions that have throttled the country’s sales abroad and shrunk its economy by 20%. As Platts...
U.S.-Flagged Vessels Carry Compliance Obligations
Maersk pays $3 million for trading with Iran and Sudan By Peter Quinter, guest columnist Maersk Line, Ltd. paid the U.S. Office of Foreign Assets Control (OFAC) $3 million to settle allegations of violations of the U.S. trade embargo with Sudan and Iran that Maersk...
Brazil's Countdown Continues
Scope of threat broadens Brazil has broadened the scope of threatened retaliation to include 21 new items, including pharmaceuticals, music and movies (http://bit.ly/cQQ7a8), which would be subject to not only tariffs but also suspension of patents and intellectual...
Brazil’s Retaliatory Tariffs
After 8 years, 30 days to sanctions With the approval of the World Trade Organization, Brazil is set to impose tariffs on a range of U.S. products and commodities in retaliation for U.S. government subsidies to American cotton growers. The trade dispute started in...