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Guyana: Caribbean Court of Justice Rules in Trade Dispute

(Oct. 8, 2009) On August 20, 2009, the Caribbean Court of Justice (CCJ) ruled against Guyana in a case brought before it by a cement company located in Trinidad and its subsidiary located in Guyana. The companies alleged that Guyana had violated its obligations under the Revised Treaty of Chaguaramas, which created the Caribbean Community […]

ASEAN; China: Investment Deal

(Aug. 24, 2009) On August 15, 2009, the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China concluded the ASEAN-China Investment Agreement, the third trade-related agreement between the two parties. It was signed in Bangkok, Thailand, by the economic ministers of the ten ASEAN nations and by China's Trade Minister, Chen Deming, […]

China; United States: First Strategic and Economic Dialogue Economic Track Joint Fact Sheet

(Aug. 12, 2009) According to a fact sheet released on August 4, 2009, after the first meeting of the economic track under the First U.S.-China Strategic and Economic Dialogue, convened in Washington, D.C., on July 27 and July 28, China and the United States have each made commitments to further financial reforms. The four-part document […]

World Trade Organization: Panel Established in China-U.S. Poultry Dispute

(Aug. 6, 2009) On July 31, 2009, the World Trade Organization's Dispute Settlement Body (DSB) set up a panel to consider a dispute between China and the United States over trade in Chinese poultry. (DS392, United States – Certain Measures Affecting Imports of Poultry from China, DSB website, July 31, 2009, available at http://www.wto.org/english/news_e/news09_e/dsb_31jul09_e.htm.) China […]

European Union: Arms Exports to Israel

(Jan. 13, 2009) Until December 8, 2008, each Member State of the European Union had the discretion to decide on a case-by-case basis whether to allow exportation of conventional arms and the transfer of technology to a third country, as long as the general legal requirements established by the EU were met and no embargo […]

China: Revised Catalog of Technology Restricted or Prohibited from Export

(Oct. 20, 2008) On September 16, 2008, China's Ministry of Commerce and Ministry of Science and Technology jointly released the revised China Catalog of Technology Prohibited from Export and Restricted from Export. According to the two ministries' Decree No.12, 2008, the Catalog will be in force as of November 1, 2008. It supersedes the 2001 […]

China: Foreign Exchange Regulations Revised

(Sept. 11, 2008) On August 5, 2008, the State Council of the People's Republic of China (PRC) published the revised Regulations on the Administration of Foreign Exchange, which took effect on the same day (Chinese text available on the PRC Central People's Government official website, http://202.123.110.5/zwgk/2008-08/06/content_1066085.htm (last visited Aug. 25, 2008)). The Regulations, first promulgated […]

Mexico: New Import Rules for Passengers

(June 2, 2008) According to the General Rules on Matters of Foreign Trade for 2008 that were published officially in the Mexican federal official gazette on April 30, 2008, passengers who come into the country by land, air, or sea may import up to US$3,000 in merchandise without having to use the services of a […]

Switzerland: Arms Control

(Dec. 2, 2007) On November 14, 2007, the Swiss Commerce Department (Eidgenösasisches Volkswirtschaftsdepartment, EVD) announced that it suspended an export permit for 21 Swiss-produced anti-aircraft missile systems for Pakistan. The exports had been approved in December 2006 and six of the systems have already been delivered. The remainder of the exports, valued at approximately 98 […]

South Korea: Foreign Remittance De-Regulation

(Dec. 2, 2007) The Korean Finance and Economy Ministry released the Foreign Currency System Improvement Plan on November 8, 2007. Korea currently allows a Korean person or firm to transfer abroad up to US$ 3 million per person or firm to buy real estate for investment purposes. This limit will be removed during 2008. The […]