Trade and Manufacturing Monitor
New Sanctions on Venezuela’s National Oil Company, PDVSA
Yesterday, the Office of Foreign Assets Control (“OFAC”) listed Petroleos de Venezuela, S.A. (“PdVSA”) as a Specially Designated National (“SDN”) pursuant to its authority under Executive Order 13850. As a result of…
China’s Vice Premier Liu He to Visit Washington at End of Month to Continue Trade Talks
Chinese Vice Premier Liu He will visit Washington on January 30-31, in connection with further discussions to resolve the ongoing trade dispute between the U.S. and China. Vice Premier Liu is expected to meet with U.S.…
United States Seeks Trade Consultations with Peru
On Friday, January 4, 2019, the Office of the U.S. Trade Representative (USTR) announced that the United States has requested consultations with Peru under the auspices of the U.S.-Peru Trade Promotion Agreement (PTPA)…
U.S. Government Accountability Office Agrees to Review 232 Tariff Exclusion Process
In response to Congressional concerns, the U.S. Government Accountability Office (“GAO”) has agreed to review the process by which the U.S. Department of Commerce (“Commerce”) has been processing steel and aluminum…
South Korea Approves Updated Trade Agreement
On Friday, December 7, 2018, the South Korean parliament approved a modified version of the U.S.-Korea Trade Agreement, otherwise known as KORUS. With passage of the renegotiated agreement, Korea is now ready to…