Just after the surprising announcement by Brazil government, they immediately suspend the new import license regulation.
With criticism as "protectionism" to global trade and mounting industry opposition, the Brazilian government announced on January 28 that it is suspending its controversial new policy requiring an import license, which covers quite a lots of HS codes. The suspension will take effect on January 29.
International traders welcome this quick move, however amid glowing protectionism over economic downturn, other countries may proceed similar actions, which may or may not be "gray" area to WTO rule.
2009年1月29日木曜日
2009年1月28日水曜日
Brazil enforce new import license
According to the announcement by Brazilian Ministry of Development, Industry and Commerce ("MDIC") on January 26, 2009, import into Brazil requires import license for quite a number of products effective immediately. Similar import scheme had been implemented in early 1990s as protectionism measure. Global traders are afraid the new import license requirement is revival of this policy.
The problem for global supply chain is its long lead time of import license application. It have been common for importers to wait up to 60 days! while their import licence applications were under consideration. Apparently, this could be awesome bottleneck for modernized supply chain. In addition, those who fail to comply will face monetary penalties.
The import licence required items are broad and regulated by HS code. They are, Chapter 10, 11, 27, 50 - 63, 73, 84-88, 90, 94 and 95.
This measure could be one of the ways to save domestic industries. With recent significant downturn in global economy, this kind of "protectionism" may spread to other country's customs procedure. It is threat to global free trade.
(Source: http://www.bryancave.com/bulletins/ international trade bulletin No. 423)
The problem for global supply chain is its long lead time of import license application. It have been common for importers to wait up to 60 days! while their import licence applications were under consideration. Apparently, this could be awesome bottleneck for modernized supply chain. In addition, those who fail to comply will face monetary penalties.
The import licence required items are broad and regulated by HS code. They are, Chapter 10, 11, 27, 50 - 63, 73, 84-88, 90, 94 and 95.
This measure could be one of the ways to save domestic industries. With recent significant downturn in global economy, this kind of "protectionism" may spread to other country's customs procedure. It is threat to global free trade.
(Source: http://www.bryancave.com/bulletins/ international trade bulletin No. 423)
2009年1月23日金曜日
Malaysia entry into force Japan-ASEAN FTA on Feb 01, 2009
On December 19 (Fri) ,2008, Malaysia made the notification on the completion of its legal procedures necessary for the entry into force of the Agreement on Comprehensive Economic Partnership among Japan and Member States of the Association of Southeast Asian Nations (Japan-ASEAN Comprehensive Economic Partnership Agreement).
With this notification, the Agreement will enter into force on February 1 (Sun), 2009 in relation to Malaysia.
This Agreement has already entered into force among Japan, Singapore, Laos, Viet Nam, Myanmar and Brunei.
Japan - Malaysia already have bilateral FTA, however Japan-ASEAN FTA is helpful for getting product origin by using accumulation provision. This will be certainly useful for trades who have operations in ASEAN countries.
(Source: http://www.mofa.go.jp/announce/announce/2009/1/1186812_1126.html )
With this notification, the Agreement will enter into force on February 1 (Sun), 2009 in relation to Malaysia.
This Agreement has already entered into force among Japan, Singapore, Laos, Viet Nam, Myanmar and Brunei.
Japan - Malaysia already have bilateral FTA, however Japan-ASEAN FTA is helpful for getting product origin by using accumulation provision. This will be certainly useful for trades who have operations in ASEAN countries.
(Source: http://www.mofa.go.jp/announce/announce/2009/1/1186812_1126.html )
2009年1月17日土曜日
EU signed EPA with Cameroon
On Jan. 15, 2009, European Unions and Cameroon signed economic partnership agreement (EPA) trade deal.
(Source: http://www.bilaterals.org/article.php3?id_article=14206 )
(Source: http://www.bilaterals.org/article.php3?id_article=14206 )
2009年1月9日金曜日
U.S. Chamber of Commerce Urges Obama to Focus on Trade
Below is the article of UPS Trade News for January 8, 2009.
Personally, I'm wondering the end of trade embargo against Cuba is realistic priority?
Probably, this is nothing more than "hope" of industry group...
(UPS Trade News for January 8, 2009)
The U.S. Chamber of Commerce is urging incoming president Barack Obama to remain focused on international trade as a way to help jump-start the U.S. economy.
Specifically, the industry group has outlined a number of items as priorities for the U.S. trade policy, including completing the Doha Round of WTO talks; doubling federal spending on programs to help U.S. exporters; ratifying new free trade agreements, such as pending pacts with Colombia, Panama, and South Korea; and ending the trade embargo against Cuba.
According to the group's president and chief executive, Thomas J. Donohue, "a lot of smart people" that "understand trade" will be part of the Obama administration, and there's a sense of optimism that the new president will be a strong supporter of international trade.
Personally, I'm wondering the end of trade embargo against Cuba is realistic priority?
Probably, this is nothing more than "hope" of industry group...
(UPS Trade News for January 8, 2009)
The U.S. Chamber of Commerce is urging incoming president Barack Obama to remain focused on international trade as a way to help jump-start the U.S. economy.
Specifically, the industry group has outlined a number of items as priorities for the U.S. trade policy, including completing the Doha Round of WTO talks; doubling federal spending on programs to help U.S. exporters; ratifying new free trade agreements, such as pending pacts with Colombia, Panama, and South Korea; and ending the trade embargo against Cuba.
According to the group's president and chief executive, Thomas J. Donohue, "a lot of smart people" that "understand trade" will be part of the Obama administration, and there's a sense of optimism that the new president will be a strong supporter of international trade.
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