Global Trade & Foreign Policy Insights

Last month, Winston & Strawn’s International Trade attorneys hosted a webinar on the most significant International Trade highlights of 2021, as well as our team’s predictions for 2022.

On October 17, 2020, the Export Control Law of the People’s Republic of China (hereinafter referred to as the “Export Control Law” or “the law”) was adopted at the 22nd Session of the Standing Committee of the 13th National People’s Congress (“NPC”); it took effect on December 1, 2020.

On April 28, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a series of rules that will amend the Export Administration Regulations (EAR) to expand license requirements on the export of items intended for military end use or military end users in China, Russia, or Venezuela.

Despite the fact that the sanctions imposed on North Korea, both by the United States and the United Nations, are among the most restrictive in the world, the government in North Korea continues to obtain goods – even certain luxury goods specifically controlled under those sanctions programs.

In an increasingly global market, exporters need to remain diligent in monitoring both their supply chains and their customers for red flags associated with the diversion of products (especially those controlled for export on the Commerce Control List).