Category Archives: Foreign Trade

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U.S. Reimposes Sanctions after Withdrawal from the Iran JCPOA

On May 8, 2018, President Trump announced his decision to withdraw the United States from the Iran Joint Comprehensive Plan of Action (JCPOA), the multilateral nuclear agreement signed on July 14, 2015, between Iran, the P5+1 (China, France, Russia, the United Kingdom, the United States, and Germany), and the European Union.  Implementation of the president’s decision … Continue Reading

Mexico Responds to U.S. Tariffs on Steel and Aluminum Imports with Compensatory Tariffs

Following the White House’s decision to impose tariffs on imports of certain steel and aluminum products from Mexico starting on June 1, 2018, Mexico has responded in kind by imposing compensatory tariffs. On June 5, 2018, the government of Mexico published in the Diario Oficial de la Federación (Mexico’s federal gazette) a presidential decree levying … Continue Reading

Sixth Round of NAFTA Negotiations Wraps Up with Some Progress and a Commitment to Future Dialogue

On Jan. 29, 2018, in Montreal, representatives from the United States, Canada, and Mexico – including U.S. Trade Representative Robert Lighthizer, Canadian Foreign Minister Chrystia Freeland, and Mexican Economy Secretary Ildefonso Guajardo – wrapped up the Sixth Round of the ongoing renegotiation of the North American Free Trade Agreement (NAFTA). In this Round of negotiations, … Continue Reading

Brexit: The UK’s Options for Future Trade with the EU

This note provides an overview of the various trade models that could potentially govern UK-EU trade following the UK’s withdrawal from the EU. It is one of a series of GTM Alerts designed to assist businesses in identifying the legal issues to consider and address in response to the UK’s referendum vote of 23 June … Continue Reading

12-Nation Pacific Rim Deal Aims to Spur Commerce in Countries Accounting for 40% of World’s Economy

Thursday, Nov. 5, 2015, witnessed the release of the long-awaited text of the Trans-Pacific Partnership (TPP) trade deal. This 12-nation[1] Pacific Rim deal aims to spur commerce in countries accounting for 40 percent of the world’s economy. While TPP deserves serious analysis in and of itself, and its path to ratification in the U.S. is … Continue Reading

Modern slavery reporting obligations – effective from 29 October 2015

As reported in an earlier Alert, the UK’s Modern Slavery Act has imposed far reaching reporting requirements on companies to produce an annual statement explaining the steps they have taken to eliminate modern slavery in their businesses, and also within their supply chains. The concept of modern slavery encompasses a range of exploitative behaviour including … Continue Reading

U.S. Allows Additional Trade and Business with Cuba

Amendments Implement Additional Changes Laid Out by President Obama on Dec. 17, 2014 On Sept. 21, 2015, the U.S. Government further amended the existing Cuba-related regulations to allow for certain additional types of travel and the establishment of physical business premises in Cuba. The amendments also remove certain restrictions on remittances, financial transactions, and exports … Continue Reading

Franchising in Cuba – The Next Frontier?

On Jan. 16, 2015, following an announcement made by President Obama on Dec. 17, 2014 of a plan to ease the U.S. trade embargo and restore diplomatic relations between the U.S. and Cuba, the U.S. Department of Commerce’s Bureau of Industry and Security (the Commerce Department) and the U.S. Department of Treasury’s Office of Foreign … Continue Reading

President Obama Overcomes Domestic Political Obstacles to Advance Trade Agenda

Following the House’s lead, the Senate passed trade promotion authority (TPA) legislation late yesterday afternoon. Passage of this legislation – also known as fast-track authority – is a significant victory for President Obama’s trade agenda. In short, TPA provides the president with the authority to negotiate trade agreements with other nations while also denying Congress … Continue Reading