The Carbon Border Adjustment Mechanism (CBAM) is the European regulation that imposes a reporting obligation and a carbon tax on EU imports of certain goods in order to reduce carbon
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EU Sanctions Russia with Eighth Package of Restrictive Measures
On Oct. 6, 2022, the Council of the European Union (EU) adopted a new, eighth package of measures (Package) primarily intended to reinforce pressure on the government of the Russian…
Continue Reading EU Sanctions Russia with Eighth Package of Restrictive MeasuresEuropean Commission Proposes Criminalizing Economic Sanctions Violations and Bolsters Asset Recovery Measures
To make it easier to investigate, prosecute, and punish violations of restrictive measures in all EU Member States, on May 25, 2022, the European Commission (Commission) proposed making the violation…
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Conflicting EU, US Economic Sanctions Regimes: Implications for Multinational Companies
For companies subject to U.S. economic sanctions regimes, compliance is complicated by Regulation (EC) No 2271/96 (EU Blocking Regulation), which was updated in 2018 in light of the U.S. position…
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EU Proposed Regulation on Deforestation-Free Products: Impact on Food Businesses
On Nov. 17, 2021, the European Commission adopted a proposal for a Regulation on Deforestation-Free Products. The purpose of the regulation is to ensure that only “deforestation-free” and legal…
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EU Carbon Border Adjustment Mechanism Proposal and Its Relationship to the European Emission Trading Scheme
The Carbon Border Adjustment Mechanism (CBAM) is a carbon-pricing system for imports into the European Union. The relationship between the CBAM and the European Emission Trading Scheme (ETS) would be…
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US-EU Deal on Steel and Aluminum Imports
After months of negotiations, the United States and European Union have announced that the national security tariffs imposed by the Trump administration on imports of steel and aluminum will be…
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USTR Proposes Retaliatory Tariffs on Digital Services Taxes: Austria, India, Italy, Spain, Turkey, and the United Kingdom
On March 26, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the United States is considering implementing up to 25% retaliatory tariffs on certain products of Austria,…
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US, EU, and UK Suspend Airbus-Boeing Retaliatory Tariffs
On March 5, 2021, the United States and European Union agreed to a four-month suspension of the retaliatory tariffs that had been imposed on both sides pursuant to the long…
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Brexit Update: Impact of New UK Prime Minister
The UK’s new prime minister, Boris Johnson, will take office on 24 July 2019, just over three months before the UK is due to leave the EU, on 31 October…
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