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Precision Castparts Corp. settled allegations that it violated the International Traffic in Arms Regulations (ITAR) in connection with unauthorized exports of technical data to foreign-person employees from Bhutan, Burundi, El Salvador, Honduras, Mexico, and Peru pertaining to tools (specifically, wax pattern and core dies) and wax patterns consumed in the subsequent production of casting blades used in gas turbine engines
A new report from the Canadian Chamber of Commerce’s Business Data Lab (BDL) highlights just how mutually beneficial the Canada-U.S. trade relationship is and offers a stark warning about the serious economic consequences of enacting protectionist policies.
“There’s an opportunity to learn from long-forgotten history, here," the authors write. "It turns out that the 10% tariff recently proposed by Trump has some echoes of a tariff that was enacted by President Nixon back in 1971. That policy—which was much narrower than Trump’s recent proposal—was a disaster and was quickly reversed.”
OFAC is amending the Reporting, Procedures and Penalties Regulations (RPPR). the May 2024 Interim Final Rule requiring reports witin 10 business days of when blocked property is unblocked or transferred,
This final rule adds three exceptions to the reporting requirement for any blocked property that is unblocked or transferred.
However, developing countries want the WTO to pursue a positive trade and environment agenda on several fronts, including on the intellectual property rights front to enable the transfer of technologies that would contribute to the mitigation of carbon emissions, sources said.
Ahead of the WTO’s Committee on Trade and Environment meeting next week, the submissions made by developing countries stand in contrast to the issues raised by industrialized countries, said people familiar with the developments.
The Justice Department announced the unsealing of a warrant authorizing the seizure of 41 internet domains used by Russian intelligence agents and their proxies to commit computer fraud and abuse in the United States.
As an example of public-private operational collaboration the Department acted concurrently with a Microsoft civil action to restrain 66 internet domains used by the same actors
The United States and India signed a new agreement yesterday to expand and diversify their critical mineral supply chains.
The memorandum of understanding was signed by Commerce Secretary Gina Raimondo and Indian Minister of Commerce and Industry Piyush Goyal during a meeting of the US-India Commercial Dialogue.
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