Source: Canada US
Link: 301 Breather : Trade Potpourri
Originally published by the Journal of Commerce in October 2019
As the deadline to file List 3 exclusions requests for goods from China (the 301 investigation) has now expired, there is the opportunity to take a bit of a deep breath and survey the trade landscape. Doing so serves as a reminder, there is much more than “just” the 301 tariffs to be concerned about. Here is a sampling of relevant topics, in no particular order of importance:
Without meaning to make light of these serious issues, it certainly seems only a matter of time before one of these scenarios makes its way into the plot of a movie or television show. No one wants to be the poster child for that story line! Of course, for all of us as international traders, we know the many ways in which the international trading system has already been, or could in the future be, compromised. We had an unpleasant reminder earlier this year with all the general press coverage of the North Korean vessel M/V WISE HONEST. Among the allegations made in the complaint were that it turned off its AIS or automatic identification system signal (to conceal its route) and was carrying documents which stated the shipment originated in Russia, when, in fact, the cargo was North Korean coal. These actions are not a terribly new set, and, in the end, obviously not successful in concealing DPRK actions!