The Export Practitioner (2024)

07/12/2021

The December issue is now online featuring the latest on industry recommendations for the tech supply chain, as well as export enforcement cases and regulatory changes!

Check it out here: http://exportprac.com

09/11/2021

The November issue is now online featuring the latest on long-awaited export controls on cyber intrusion software, as well as export enforcement cases and regulatory changes!

Check it out here: www.exportprac.com

13/10/2021

The October issue is now online featuring the latest on US-EU trade and technology talks, as well as export enforcement cases and regulatory changes!

Check it out here: https://exportprac.com

29/09/2021

https://www.wttlonline.com/ - Lewis is currently senior fellow and director of congressional affairs at German Marshall Fund of United States (GMF). Lago serves as director of NYC Department of City Planning and chair of City Planning Commission.

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27/09/2021

Today, the U.S. Trade and Development Agency awarded a grant to the Central Bank of Solomon Islands (CBSI) for technical assistance to modernize the country’s banking infrastructure. USTDA’s grant, its first in the Solomon Islands, will develop an information and communications technology roadmap to support the deployment of new banking applications that will strengthen the central bank’s operations.

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23/09/2021

Yesterday the Board of Directors of the Export-Import Bank of the United States (EXIM) approved the renewal of a 90 percent guarantee of a $180 million purchase facility under EXIM’s Supply Chain Finance Guarantee Program. The transaction will support aircraft engines sales from CFM International, Inc., in Cincinnati, Ohio, to The Boeing Company for use in exports.

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22/09/2021

https://www.wttlonline.com/
“I am looking forward in the next stage of my career to working on behalf of existing and new clients at Schagrin Associates to find creative solutions to the challenges and opportunities presented by international trade,” Gerrish said in statement.

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20/09/2021

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Mehrdad Ansari, Iranian citizen and UAE resident, was sentenced Sept. 14 in San Antonio U.S. District Court for his role in scheme to obtain dual-use and military parts for Iran without OFAC or Commerce licenses from October 2007 through June 2011

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17/09/2021

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JC Flowers & Co. and Romanian Firm Bank SA reached an agreement last week to pay a civil penalty.
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14/09/2021

The September issue is now online featuring the latest on changes in fi****ms trade, as well as export enforcement cases and regulatory updates!

Make sure to check it out and subscribe here: https://www.exportprac.com/

14/09/2021

https://www.wttlonline.com/
New promotions that were long waiting goes to Jake Colvin, National Foreign Trade Council, will now become president, replacing Rufus Yerxa. Subscribe to stay up to date: https://www.wttlonline.com/

13/09/2021

https://www.wttlonline.com/ : "I am going to reach an agreement soon,” Mexican President Andres Manuel Lopez Obrador said in a press conference Sept. 2. “We do not want to reach an international panel. Those are the options that are available when there are these controversies in the treaty, but I do not think it will go there.”

10/09/2021

https://www.wttlonline.com : Stay updated on what's new with the Afghan Government.

BIS has suspended all licenses for exports to Afghan government and is con- tinuing to monitor situation: https://www.wttlonline.com/

08/09/2021

https://www.wttlonline.com/ : Trade Figures reports in July.

07/09/2021

https://bit.ly/2VgaK3U : EXIM-supported financing is subject to the agency’s due diligence and approval process for each individual transaction, and any transaction must comply with EXIM’s requirements, policies, and procedures as well as the requirements set forth in the Arrangement on Officially Supported Export Credit of the Organisation for Economic Cooperation and Development (OECD).

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06/09/2021

https://bit.ly/2VgaK3U : EXIM Acting President and Chairman James Burrows and Deputy Vice Prime Minister of Ukraine and Minister of Economy of Ukraine Oleksiy Lyubchenko signed a Memorandum of Understanding between EXIM and the government of Ukraine aimed at enhancing trade and economic cooperation between the two countries.

The signing took place on August 30 at EXIM headquarters in Washington, D.C., following discussions between EXIM and Ukrainian government officials regarding strengthening the economic relationship between the United States and Ukraine through important export and import sectors.

Read more and subscribe here: https://bit.ly/2VgaK3U

01/09/2021

Come see us at the virtual conference on export controls & policy that is being held tomorrow Sept. 2nd!

Make sure to ask about our Special Sign Up Offer of 50% off your new subscription! And get a $50 Visa gift card if you subscribe the day of the conference.

For more information on the event, visit https://bit.ly/3l9nlQS

01/09/2021

Dynatex International of Santa Rosa, Calif., agreed Aug. 16 to pay BIS a civil penalty to settle charges of exporting semiconductor manufacturing equipment.

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31/08/2021

https://bit.ly/3mfHJkd : Citing news reports that China took an ownership stake and a board seat in a key subsidiary of ByteDance, TikTok’s parent company, Sen. Marco Rubio repeated his calls for the administration to ban the two companies from U.S. networks.

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26/08/2021

https://www.wttlonline.com/: vote on August 13th, ITC found U.S. industry may be injured by allegedly dumped and subsidized imports from Russia and Trinidad and Tobago.

Read more and subscribe to: https://www.wttlonline.com/

24/08/2021

https://www.wttlonline.com/: Biden nominated Lisa Wang on August 9th to be Commerce assistant secretary. On the next day, Owen Herrnstadt became a Ex-Im Bank board member, after being nominated by President Biden on August 6th.

Read more and subscribe: https://www.wttlonline.com/

23/08/2021

https://bit.ly/3833k78 - The U.S. Trade and Development Agency awarded a grant to Nigeria’s EM-ONE Energy Solutions Limited for a feasibility study that will strengthen healthcare delivery in rural and underserved regions of Nigeria through solar minigrid systems.

Read more about the latest in exports: exportprac.com

20/08/2021

Mexico filed a lawsuit Aug. 4 in Boston U.S. District Court for damages against seven gun manufacturers and a Boston-area wholesaler: https://bit.ly/3mfHJkd

Mexico brought “this action to put an end to the massive damage that the defendants cause by actively facilitating the unlawful trafficking of their guns to drug cartels and other criminals in Mexico,” the complaint noted. "Almost all guns recovered at crime scenes in Mexico—70% to 90% of them—were trafficked from the U.S.,” it added.

19/08/2021

The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday unanimously approved a $97.2 million, two-year revolving working capital loan guarantee facility to support exports of business jet aircraft manufactured by Embraer Executive Aircraft, Inc. (EEA) in Melbourne, Florida. EXIM’s working capital loan guarantee is estimated to support approximately $200 million of EEA’s executive aircraft exports and 700 American aerospace jobs at the company’s manufacturing facility in Melbourne and at suppliers across the United States.

Read more at The Exporting Source: https://www.exportprac.com/

16/08/2021

Naman Wakil was indicted in Miami on charges of conspiracy to violate FCPA and money laundering.

Wakil allegedly bribed Venezuelan officials to obtain at least $250 million in contracts from Venezuela’s state-owned energy company, Petróleos de Venezuela S.A., and Venezuela’s state-owned food company, Corporación de Abastecimiento y Servicios Agrícola, from 2010 through September 2017.

To read more about this indictment, make sure to subscribe to: https://www.wttlonline.com/

13/08/2021

In July, the Board of Directors of the Export-Import Bank of the United States (EXIM) approved two transactions totaling $832.5 million in loan guarantees to support exports of U.S.-manufactured Boeing 787-9 aircraft, B737 MAX 8 aircraft and B737 MAX 9 aircraft, respectively, to Turkish Airlines in Istanbul. EXIM’s loan guarantees are estimated to support an estimated 4,500 American aerospace jobs at The Boeing Company’s manufacturing facilities in Washington State and South Carolina, and at Boeing’s suppliers throughout the United States.

Read more at the Exporting Source: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76621

12/08/2021

Swipe through to read the latest trade figures reported by Commerce.

To get these updates in your inbox, make sure to subscribe to our sister publication here: https://www.wttlonline.com/

11/08/2021

The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday approved a $500 million loan guarantee to support exports of U.S.-manufactured Boeing 787-9 aircraft to WestJet Airlines Ltd., headquartered in Calgary, Alberta. EXIM’s loan guarantee is estimated to support 2,900 American aerospace jobs at The Boeing Company’s manufacturing facilities, primarily in South Carolina, and at Boeing’s suppliers throughout the United States.

Read more at the Exporting Source: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76792

10/08/2021

The August issue is now online featuring the latest on congressional demand for sanctions, as well as export enforcement cases and regulatory changes!

Make sure to check it out and subscribe here: https://www.exportprac.com/index.php?ht=d/Home/pid/7736

09/08/2021

We have made our way to the final element of our Export Compliance Program (ECP). This element can be placed last in the steps for its maintenance function, or in the event of a newly established export compliance manual, it can be the first element. You will need to ensure there is management support to start building the manual and that management agrees to set a positive example within the organization by acting in compliance with existing policies and procedures.

Read more about this manual and the final installment in our ECP series here: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76562

06/08/2021

Chair Jason Kearnsand Commissioner David Johanson voted no on a July 27th ITC vote.

Read more about ITC votes on our sister publication: https://www.wttlonline.com/

05/08/2021

Handling violations is not often included in an ECP or considered by management. Some management teams believe that because an export team exists, and a compliance program is in place that it will prevent violations from occurring. Let’s set the tone straight: this is NOT reality in any company. The truth is that your company is expected to have violations. Early detection and quick reactions will be the key to reducing exposure. All the previously discussed elements will aid in early detection of violations, and time is of the essence.

To read more about how you can take action and handle violations, make sure to read our article at the Exporting Source: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76561

04/08/2021

A July 27th vote found U.S. industry was materially injured by dumped imports from Spain.

Read more about ITC votes on our sister publication: https://www.wttlonline.com/

03/08/2021

As we begin to get closer to the last of our Export Compliance Program (ECP) elements, we turn our focus from how to implement the ECP to how to ensure the elements are properly aligning with our business. This can be accomplished by performing audits against your ECP.

Audits will allow the ECP to be dynamic to the business needs, adjusting aspects of the ECP to better fit where needed. It is best to assemble an audit team to assist the export compliance manager, selecting individuals to represent different areas of the business. This team should have full autonomy and flexibility to carry out audit functions so that they may fairly identify inconsistencies and risk areas. Two of the most common methods of an ECP audit are at the function level and at the program level.

Read more about these levels at the Exporting Source: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76560

02/08/2021

“Payoneer processed 2,241 payments for parties located in certain jurisdictions and regions subject to sanctions...and 19 payments on behalf of sanctioned persons”on OFAC’s SDN List, the agency said.

Read more about Payoneer's settlements here: https://www.wttlonline.com/

30/07/2021

In a vote, the ITC found that the U.S. industry has been materially injured by dumped imports from Vietnam.

Read more about these ITC votes here: https://www.wttlonline.com/

29/07/2021

Our last discussion was on the recordkeeping element. One of the most critical points of recordkeeping is the proper training of who, what, when and where. In order to properly record and store documents, the appropriate individuals need to be trained on their responsibilities and how to accomplish them.

Naturally, we understand how an Export Compliance Program (ECP) cannot succeed without an effective training element.

Read more about training for your ECP here: https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76452

28/07/2021

On July 21st, the Biden administration defended its Nord Stream deal with Germany.

President Biden and German Chancellor Angela Merkel dispelled concerns about the energy project during a joint press conference at the White House just a few days earlier. The U.S. in May backed off imposing sanctions on a Russian company, its CEO and its corporate officers for construction of the pipeline

Swipe through to read more and make sure to subscribe to our sister publication: https://www.wttlonline.com/

27/07/2021

In our last discussion, we reviewed the third element of Export Authorization. Once you have determined your path to exporting an item in a legal, compliant manner, you must keep the supporting documentation. Recordkeeping is mundane, I’m sure we can all agree upon that, yet is critical in protecting you in the future. If an issue arises but you have documentation to support your decision, you face a much easier path than had you been “winging” it!

Read more about the fourth element in the Export Compliance Program on our Exporting Source:

https://www.exportprac.com/sites/exportingsource.com/ht/display/ArticleDetails/i/76448

26/07/2021

On July 19th, President Biden announced his intent to nominate Judith Pryor to be first VPof Export-Import (Ex-Im) Bank.

Read more about the board appointees at https://www.wttlonline.com/.

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