The Bureau of Industry and Security (BIS) has again expanded its U.S. export controls on chips. This new update, announced December 2, 2024, is related to the October 2022 interim final rule (IFR) aimed to restrict China’s ability to both purchase and manufacture certain high-end semiconductors critical for military applications.
Topics: Export Administration Regulations, United States, Security
The AEO program has been implemented by the General Department of Vietnam Customs ('GDVC') since 2011. During its 13 years of development, the number of recognized AEO companies accounts for a small portion of the total import-export enterprises in Vietnam, but the import-export volume of AEO companies accounts for more than 30% of the country's total import-export turnover.
As businesses brace for 2025, the European Union will introduce significant updates to the Harmonized System (HS) of tariff classification, effective 1 January 2025. These changes, encapsulated in the Combined Nomenclature (CN), are vital for companies engaged in international trade to ensure accurate classification and compliance. The upcoming revisions reflect advancements in statistical requirements, commercial policies, and technological developments.
Topics: Europe, Tradewin, Tariffs, HS Classification
On November 15, 2024, the Ministry of Commerce of the People's Republic of China, in conjunction with relevant departments, released the "Export Control List of Dual-Use Items of the People's Republic of China," deciding to arrange the controlled items using a coding system, known as China's ECCN, effective from December 1, 2024.
The publication of the List and the control codes provides an essential basis for export operators to apply for export licenses for related items and also facilitates the implementation of administrative licensing and supervision enforcement by the Ministry of Commerce and other departments, ensuring the effective implementation of export control. The detailed content is as follows:
Topics: Classification, Export Compliance, Export Administration Regulations, China
The United States Trade Representative has opened a portal for submission of exclusion requests under Docket ID: USTR-2024-0020, “Requests for Temporary Exclusion for Machinery Used in Domestic Manufacturing.”
Topics: United States, Section 301, Manufacturing, Tariffs
