Archive for the ‘News’ Category

Supply Chain

October 15, 2020

The passage of Australia’s Modern Slavery Act in 2018 prompted significant reflection across multiple sectors, but it wasn’t until the first reporting cycles in 2019 that the scale of the challenge became truly clear. Mining firms, manufacturers, retailers—each began grappling, in varying degrees of seriousness, with the Act’s reporting requirements. Yet, for all the initial […]

Supply Chain

September 15, 2020

The U.K. Companies (Miscellaneous Reporting) Regulations 2018, which came into force in September 2019, represented what many policymakers considered a significant, if somewhat understated, step toward greater corporate transparency. While not as headline-grabbing as some of the government’s other corporate governance reforms, these regulations introduced a key requirement: that beneficial ownership information (BOI) for companies […]

Supply Chain

September 1, 2020

When the U.S. National Defense Authorization Act (NDAA) for Fiscal Year 2020 was signed into law in December 2019, the broader public attention largely fell on its topline budget allocations and headline procurement programs. Yet beneath these more conspicuous elements, the legislation embedded provisions that arguably carried equal—if not greater—long-term significance for federal contractors. Among […]

The International Trade Council (ITC) welcomes the news that the European Union has agreed to eliminate tariffs on US lobster, a key priority of President Donald Trump, in exchange for the US halving import taxes on some $160m worth of European goods, including cigarette lighters and certain crystal glassware. The agreement is the first tariff […]

Supply Chain

August 15, 2020

The Extractive Sector Transparency Measures Act (ESTMA), in force since 2015, has by now become a familiar fixture in the compliance landscape of Canada’s mining, oil, and gas industries. But if the legislation’s first years were marked by firms simply finding their feet with its basic requirements, 2020 brought a noticeable shift in both tone […]

Cambodia, Europe, News, Sanctions

August 13, 2020

The International Trade Council announces that the European Union has formally adjusted its trade relationship with Cambodia, moving away from its preferential trade programme, the Everything but Arms (EBA) agreement. The decision, resulting from Cambodia’s persisting systemic human rights violations, reinstates custom duties on a significant proportion of Cambodia’s exports to the EU. Under the […]

Supply Chain

August 1, 2020

The U.K. Environment Bill’s interruption in 2019 left many manufacturers and policymakers in a curious state of limbo. When the Bill was prorogued in September of that year, expectations had already been set. Draft texts, consultations, and government statements had outlined what was to come. The broad strokes of the anticipated waste and resource-efficiency provisions […]

The International Trade Council (ITC) is concerned by the decision of the European Court of Justice (ECJ) to strike down the EU-US Privacy Shield, which governed the transfer of EU citizens’ data to the United States. The ITC recognizes the potential negative consequences of this decision on transatlantic trade worth $7.1 trillion ( £5.6tn), and […]

Supply Chain

July 15, 2020

When Canada’s federal government launched its consultation on the proposed Modern Slavery Act in January 2020, few expected the volume—or the complexity—of feedback that would pour in from corporate actors, industry groups, and civil society. The submissions portal, opened with the goal of soliciting practical views on due-diligence thresholds and reporting requirements, quickly became a […]

Supply Chain

July 15, 2020

The June 2020 adoption of the EU Taxonomy Delegated Acts marked a subtle but decisive shift in how biodiversity considerations are expected to integrate into supply-chain management across sectors. For many agribusinesses in particular, this new regulatory architecture introduces complexities that go beyond carbon footprints or energy efficiency metrics. The biodiversity objective now requires firms […]

Supply Chain

July 1, 2020

The imposition of Section 301 Phase 3 tariffs on $200 billion worth of Chinese imports, which took effect in September 2019, triggered what can only be described as one of the most dramatic—and, in some cases, hasty—supply chain reconfigurations in recent history. Electronics manufacturers and apparel brands, already grappling with thin margins and competitive pressures, […]

Supply Chain

May 15, 2020

With the EU Conflict Minerals Regulation set to take effect on January 1, 2021, the preparatory period leading up to that date became a critical phase for electronics original equipment manufacturers (OEMs) and their supply-chain compliance teams. This was not the first time manufacturers had faced such regulatory obligations, of course, but the EU’s approach—with […]