Source: U.S. Department of Commerce – ITA Acting Under Secretary of Commerce for International Trade Ken Hyatt today announced that international visitors spent nearly $20.6 billion on travel to, and tourism-related activities within, the United States in June 2016, a slight decrease when compared to June 2015. Tourism employs America, in fact, the travel and […]

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Source: U.S. Department of Commerce – BIS This proposed rule would align the time limit of License Exception Temporary Imports, Exports, Reexports, and Transfers (in-country) (TMP), which authorizes, among other things, certain temporary exports to Mexico, with the time limit of Mexico’s Decree for the Promotion of Manufacturing, Maquiladora and Export Services (IMMEX) program. Currently, […]

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Source: U.S. Department of Justice – Office of Public Affairs Wenxia Man, aka Wency Man, 45, of San Diego, was sentenced today to 50 months in prison for conspiring to export and cause the export of fighter jet engines, an unmanned aerial vehicle – commonly known as a drone – and related technical data to […]

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Source: U.S. Department of Commerce – BIS On March 24, 2016, the Bureau of Industry and Security (BIS) published a final rule, Temporary General License. The March 24 final rule created a temporary general license that restored, for a specified time period, the licensing requirements and policies under the Export Administration Regulations (EAR) for exports, […]

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Source: U.S. Department of Commerce – BIS This final rule implements changes that were proposed on May 22, 2015, in a proposed rule entitled Revisions to the Export Administration Regulations (EAR): Harmonization of the Destination Control Statements. This final rule revises the destination control statement in § 758.6 of the Export Administration Regulations (EAR) to […]

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Source: The Wall Street Journal The U.S. Treasury Department said Tuesday it imposed Kingpin Act sanctions on two men with alleged ties to the Sinaloa Cartel, including one of its reputed chief money launderers. Treasury said it imposed sanctions on Juan Manuel Alvarez Inzunza, a who it said is a money launderer, and Jose Olivas […]

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Source: The European Commission Despite being a WTO member since August 2012, Russia has not yet fulfilled some of its commitments made before its accession. This includes one of the WTO’s most fundamental rules, according to which its members must not apply customs duties in excess of the ‘bound rates’ they commit themselves to in […]

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Source: U.S. Department of Commerce – BIS In this interim final rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) to make certain items subject to the EAR and to impose on those items a license requirement for export and reexport to all destinations, except Canada. Specifically, this rule classifies […]

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Source: Bloomberg U.K. military contractors are courting new export markets as the country’s vote to leave the European Union squeezes public finances and raises tensions with EU partners. Industry representatives have met recently with delegations from countries including Turkey and India, each of which is developing its arms-manufacturing capability with imported parts and designs. Defense […]

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Source: U.S. Department of Commerce – U.S Census Bureau The Nation’s international trade deficit in goods and services increased to $44.5 billion in June from $41.0 billion in May (revised), as imports increased more than exports. Exports increased to $183.2 billion in June from $182.5 billion in May. Goods were $120.4 billion in June, up […]

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