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Monday Morning eBriefing

Customs and Cross-Border Trade Regulatory Updates of The Week

May 30, 2022 by Luke Zimmer
Here is a summary of the latest customs and cross-border trade regulatory updates brought to you by our NCBFAA Customs Counsel firm Sandler, Travis & Rosenberg:

Higher Penalties, Other Measures to Incentivize Export Compliance Under Consideration

A senior federal official said this week that the Bureau of Industry and Security is contemplating several changes to its administrative enforcement policies for export control and anti-boycott laws to incentivize compliance and deterrence and increase prevention and transparency. Assistant Secretary of Commerce for Export Enforcement Matthew Axelrod told a meeting of the Society for International Affairs May 16 that these potential policy shifts are designed both to protect the U.S. from growing threats from China, Russia, and other nation-states and to “hold those that don’t play by the rules accountable.” See full article here.

U.S. Launches Indo-Pacific Economic Framework with 12 Partners

The U.S. announced May 23 the launch of the Indo-Pacific Economic Framework, which the White House said aims to strengthen U.S. ties to this region and “create a stronger, fairer, more resilient economy for families, workers, and businesses.” Commerce Secretary Gina Raimondo added that the IPEF will offer “an alternative to China’s approach” in the region. Australia, Brunei, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam will be the initial participants in the IPEF, though they also invited others “that share our goals, interests, and ambitions for the region.” See full article here.

U.S. Warns of Risks to Businesses Operating in Sudan
A new federal advisory is advising U.S. businesses and individuals operating in Sudan and the surrounding region to undertake increased due diligence related to human rights issues and be aware of the potential reputational risks of conducting business activities and/or transactions with state-owned enterprises and military-controlled companies. U.S. businesses and individuals should also take care to avoid interaction with any persons on the Specially Designated Nationals and Blocked Persons List. See full article here.