China’s decision to lift import restrictions on U.S. poultry is expected to pave the way for more than $1 billion in U.S. poultry exports to China each year, the U.S. Trade Representative Robert Lighthizer said Nov. 14. China’s customs agency and Ministry of Agriculture announced on Nov. 14 the country would be lifting the restrictions, according to a report from China’s state-run news agency Xinhua, allowing imports of U.S. poultry products for the first time since the ban began in 2015.
President Donald Trump, in a press conference with the president of Turkey on Nov. 13, said trade with Turkey “could be many times larger" than it is now, and that his administration has the goal of roughly quadrupling the volume of trade between the two countries, which would be $100 billion in two-way trade. According to the Office of the U.S. Trade Representative, U.S. goods exported to Turkey were valued at $10.2 billion, while goods imported totaled $10.3 billion.
The Council of the European Union adopted a framework for sanctions against Turkey for its illegal drilling in the Eastern Mediterranean, the council said in a Nov. 11 press release. The sanctions include travel bans and asset freezes for people and entities responsible for the drilling in the territorial sea near Cyprus or who provide “technical or material” support for the drilling activities. The sanctions may also apply to “persons or entities associated” with the sanctioned people or entities. The EU Council recommended sanctions against Turkey in October after Cyprus released a statement condemning Turkey’s drilling (see 1910150024).
Export Compliance Daily is providing readers with some of the top stories for Nov. 4-8 in case they were missed.
The Bureau of Industry and Security updated its Entity List by adding 22 entities, updating one entry and removing three entries, BIS said. The added entities include freight forwarding and logistics companies and a medical instrument supplier.
Export Compliance Daily is providing readers with some of the top stories for Oct. 28 - Nov. 1 in case they were missed.
The Treasury’s Office of Foreign Assets Control amended and issued Venezuela-related general licenses and revoked two Turkey general licenses, according to a Nov. 5 notice. OFAC also published new and amended frequently asked questions to explain the Venezuela-related licenses.
A Turkey sanctions bill passed 403-16 on Oct. 29 in the House of Representatives, despite Turkey's decision to stop shelling a part of Syria near its border. The bill requires the government to impose financial sanctions on Halkbank, a Turkish-owned bank involved in Iranian sanctions evasions, which also employed a client of the president's personal lawyer, Rudy Giuliani.
Export Compliance Daily is providing readers with some of the top stories for Oct. 21-25 in case they were missed.
The Trump administration removed sanctions against Turkey it had imposed just one week earlier, drawing criticism and warnings from some Congress members of future sanctions if Turkey does not end military operations in Syria.