CBP proposes changes to minimum entry process
U.S. Customs and Border Protection (CBP) issued a notice of proposed rulemaking on January 13, 2025, to update the de minimis transportation rule. The public can comment on the proposed rule until March 17, 2025. CBP outlined three reasons for updating the de minimis rule. First, individuals and entities are exploiting loopholes found in the old system. U.S. Customs and Border Protection (CBP) is aware of individuals importing multiple shipments at less than the de minimis threshold to evade duties and taxes; small businesses having employees pick up de minimis packages on behalf of the business; second, due to the 2016 minimum threshold The limit threshold is set at $800, and the number of packages imported every day is too high for CBP to effectively monitor. Finally, the technology available to CBP and other customs authorities around the world is much more advanced than when the rule was originally written. The proposed changes are designed to address each of these…
U.S. Department of Energy proposes $7.54 billion in loans for electric vehicles
The U.S. Department of Energy announced a proposal to provide up to $7.54 billion in loans to a joint venture between automakers Stellantis and Samsung SDI. According to Reuters, the move is aimed at promoting the construction of two lithium-ion battery factories in Indiana. This major investment highlights the growing demand and emphasis on electric vehicle (EV) infrastructure, particularly in the development of lithium-ion batteries. According to IndexBox data, U.S. lithium-ion battery exports were worth $3.3 billion in 2023, while imports significantly exceeded this amount, reaching $18.6 billion. Lithium-ion battery trade dynamics Regarding trading partners, the United States exports the most to Canada ($841.7 million), followed by Mexico ($634.6 million), Australia ($546.4 million), the Netherlands ($202.4 million) and the United Kingdom ($191.7 million). In terms of imports, the bulk came from China, which amounted to a staggering $13.1 billion, along with South Korea ($1.5 billion), Japan ($1.1 billion), Hungary ($811.5 million) and Poland ($736.9 million). Once the factory reaches full…
World ECR | Netherlands proposes major reforms to EU
Home > information > Netherlands proposes major overhaul of EU sanctions enforcement system The Netherlands circulated a non-paper (informal discussion paper) proposing greater European cooperation on the implementation and enforcement of sanctions, calling for new EU-wide risk assessments, minimum enforcement standards and enhanced compliance for high-risk businesses rule. The document states that "the effectiveness of EU sanctions depends to a large extent on their effective and consistent implementation and enforcement across the Union" and proposes seven key reforms, including the principle of "implementation by design" for new sanctions and EU-wide risk avoidance assessment. The Dutch proposal on 22 November calls for expanding the European Commission's sanctions information exchange repository to better analyze ownership structures and sanctions evasion patterns, while creating a database of relevant case law and enforcement actions. “One of the challenges is bringing together the right type of data to better understand avoidance patterns,” the report states. “For example, information on frozen assets and self-reporting can be most…
Census proposes amending foreign trade regulations and filings
The Census Bureau issued a notice of proposed rulemaking providing several clarifications to its foreign trade regulations.Background—The Census Bureau’s Role in Trade Enforcement The mission of the U.S. Census Bureau is to be the leading provider of high-quality data on the American people and economy. As part of this mission, the Bureau collects, compiles, and publishes U.S. import and export trade statistics.To facilitate the collection of these statistics, the Bureau has promulgated the Foreign Trade Regulations (FTR), requiring certain exporters to submit export information to the Bureau. The regulations detail the requirements for filing export information, explain the filing procedures, and provide penalties for violations. The regulations require the submission of export information on the Automated Export System (AES). The information submitted by exporters to AES is called Electronic Export Information (EEI).EEI filing is required in a variety of situations, including:Exports requiring an export license under the Export Administration Regulations (EAR)Exporting personal or household items worth more than $2,500 to…
FDA Proposes New National Drug Regulations – What You Need to Know
The U.S. Food and Drug Administration (FDA) is proposing to change its regulations regarding the format of the National Drug Code (NDC). The NDC is the standard used to uniquely identify drugs sold in the United States. The current standard has several acceptable formats. If the proposal is finalized, it would standardize the format of all NDCs.What is NDC?The National Drug Code is a unique three-segment identifier assigned by the FDA to every drug on the market in the U.S. It is the universal product identifier that appears on all prescription and over-the-counter drug packaging and leaflets.Current format:10-bit identifierThe FDA's standard NDC is a 10-digit identifier that includes the label code, product code, and package code.There are three standard NDC formats specified by the FDA:HIPAA FormatThe Health Insurance Portability and Accountability Act (HIPAA) has adopted a uniform 11-digit NDC format that must be used when a HIPAA-protected transaction includes an NDC. This 11-digit format is standardized to a 5-4-2 format…
WorldECR | Commerce Department proposes new rules to monitor advanced
Home > information > Commerce Department proposes new rules to monitor advanced AI capabilities The U.S. Department of Commerce has introduced new mandatory reporting requirements for developers of the most powerful artificial intelligence (“AI”) models and computing clusters, aimed at enhancing national security by assessing defense-related AI capabilities. The proposed rule, announced on September 9 by the U.S. Bureau of Industry and Security (“BIS”), targets AI developers and cloud providers who are at the “forefront” of technological advancement. The new regulations will require AI developers to provide detailed reports on their development activities, cybersecurity measures and the results of red team operations, which BIS explains "involve testing dangerous capabilities, such as the ability to assist in cyberattacks or to lower barriers to entry for non-expert development of chemical, biological, radiological, or nuclear weapons." “Artificial intelligence is advancing rapidly and holds great promise, but also great risks,” said U.S. Secretary of Commerce Gina Raimondo. “This proposed rule will help us keep…
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