Some firm practices focus on only one aspect of the law (such as antidumping), whereas others are very broad practice groups that touch all areas of international trade. Other relevant treaties include the North American Free Trade Agreement (“NAFTA”) and bilateral investment treaties. On the international treaty front, companies may need advice on the rules of the World Trade Organization (“WTO”), which is a formal international organization that regulates trade. Violations of export control laws can carry both civil and criminal penalties. government agencies have the authority to issue export licenses, including: Department of State Department of Commerce and Department of Treasury. industry.Įxport control laws govern the exportation of sensitive equipment, software, and technology for reasons related to foreign policy objectives and national security. that is below the price it sells for in its ‘home market’ and thus causes harm to the U.S. An example of a trade remedy includes antidumping duties set forth by the International Trade Commission (“ITC”) in response to dumping this occurs when a foreign company sells a product in the U.S. Trade remedies are tools used by the government to take corrective action against imports that are causing material injury to a domestic industry because of unfair foreign pricing and/or foreign government subsidies. Two main areas of international trade on the domestic side include trade remedy work and export controls/sanctions.
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