President Barack Obama announced Wednesday that the U.S. and Cuba will now reestablish diplomatic ties and reopen embassies in their respective capitals. The announcement comes just one month after the Secretary of State removed Cuba from the State Sponsor of Terrorism list. Although it would take an act of Congress to lift the trade embargo,… Continue Reading
On Monday, President Obama signed Trade Promotion Authority (TPA) into law. TPA, also known as the “fast track” bill, was seen as a crucial component in solidifying the Trans-Pacific Partnership (TPP). Although the re-authorization of TPA grants the President greater authority in his ability to negotiate and secure a trade deal–thus speeding up the TPP… Continue Reading
On Tuesday, June 23, 2015 at 12:00 noon EST, join OWIT International for an insightful conversation about rapidly evolving business opportunities in Cuba.
As you know, the President made a big announcement back in December, 2014 that the US would take historic steps to chart a new course in our diplomatic relations with Cuba. One specific action item was instructing the Secretary of State to immediately launch a review of Cuba’s designation as a State Sponsor of Terrorism,… Continue Reading
Are you in South Florida and thinking of doing business with Cuba? Do you want to hear from those already successfully doing business with Cuba? Do you want to fully understand what is legal now? May 14, 2015, I have JUST the event for you! This is your LAST CHANCE to register!
I’m proud to participate in America’s SBDC’s “Meet the Expert” seminar on May 12, 2015. If you are in Tampa, you won’t want to miss this seminar. It will take place from 3:30-5:30 PM at the FSBDC at the University of South Florida, Port Tampa Bay Building and will cover the following HOT Topics in International Law:
Today, the Office of Foreign Assets Control published a new updated Frequently Asked Questions Related To Cuba. The last FAQ from OFAC was on January 15, 2015, discussed in this previous post “Revised Cuba Regulations Officially Released“. There are 12 new questions discussed in OFAC’s new FAQ – made easy for your review – as… Continue Reading
On April 29, 2015, the Urban Land Institute hosts private and public sector leaders for an interactive morning exploring the latest best practice trends, technology, and emerging markets affecting South Florida development, including the latest update on business with Cuba. The program will take place from 8:00 am – 11:30 am at the Sheraton Fort Lauderdale… Continue Reading
The Fort Lauderdale Small Business Development Center (SBDC) is hosting its coveted 2015 International Trade Certification Program from May 28, 2015 through June 18, 2015 – and YOU should seriously consider registering for this program – below details why. The SBDC EXTENDED REGISTRATION UNTIL May 22, 2015 – TAKE ADVANTAGE TODAY! If you are thinking… Continue Reading
Today, a final rule, opening U.S. trade with Cuba, was published in the Federal Register by the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s, Bureau of Industry and Security (BIS). Through this Federal Register notice, OFAC has amended its Cuban Assets Control Regulations and the BIS has… Continue Reading
Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”), which will be published in the Federal Register tomorrow, January 16, 2015, at which time the changes will take effect.
Reprinted with permission from Clif Burns of the Export Law Blog. A spokesman for the Treasury Department’s Office of Foreign Assets Control (“OFAC”) told Export Law Blog this morning that discussions between OFAC and the North Pole over Santa Claus’s Christmas Eve itinerary had once again broken down and were not expected to be resumed… Continue Reading
Top Questions and Answers in regards to the December 17, 2014 announcement by President Obama stating the U.S. will lay out “a new course in our relations with Cuba.”
In a Miami Herald article published today, Congressional opposition to President Obama’s announcement that the U.S. will lay out “a new course in our relations with Cuba” was discussed.
President Obama announced that the U.S. will lay out “a new course in our relations with Cuba.” This could mean new changes for very specific sectors at first – travel, financial services, telecom/communications, and companies that make and sell building materials and agricultural equipment. The current Sanctions in place will be eased for those engaged… Continue Reading
Aramex Emirates, LLC, located in Dubai, United Arab Emirates (U.A.E.), agreed to pay a $125,000 civil penalty to the U.S. Department of Commerce’s (DOC) Bureau of Industry and Security (BIS) for the unlicensed export and reexport to Syria, via the U.A.E., of network devices and software without the required BIS licenses. The Under Secretary of Commerce Eric… Continue Reading
Within just the first nine weeks of 2014, almost $182 million dollars in penalties have been assessed against companies for OFAC and ITAR export violations. Within those same nine weeks alone, companies have been ordered to pay the Department of Treasury almost $25 million dollars more than was ordered in all of 2013. Simply… Continue Reading
Trade Day is coming to Miami, courtesy of U.S. Customs and Border Protection, (CBP) on April 2, 2014. The ports of Champlain, Boston, Savannah, Buffalo and Detroit have held Trade Day (some already twice) and we are thrilled CBP’s Port of Miami is bringing Trade Day to us. This is the time to take advantage…. Continue Reading
PortMiami has been working feverishly to bring back transshipment to Miami. Step one was PortMiami’s outreach to U.S. Customs and Border Protection (CBP). PortMiami Director Bill Johnson wrote a letter to Acting CBP Commissioner, Thomas Winkowski, dated June 26, 2013, asking CBP to develop a pilot program, “with a transshipment inspection protocol pilot for PortMiami.”… Continue Reading
Last night Congress voted to end the first federal government shutdown in seventeen years and avert a default on U.S. debt. The deal provides government funding through Jan. 15, 2014, at almost the same rate as in FY-2013 after automatic spending cuts. The debt limit would be extended through Feb. 7, 2014, if requested by President Obama.
The impact of the federal government shutdown, which began October 1, 2013, will be deeply felt by importers and exporters alike. Most government services deemed “essential” by the federal agencies will continue, but “non-essential” services will be discontinued until funding is restored. What does this mean for export licenses and the online version of the HTS?
Now’s the time to apply to become a non vessel operating common carrier (NVOCC) and/or ocean freight forwarder (OFF). FMC has proposed major changes to its regulations. Get your application in now to avoid those changes, or, learn the changes and spend the time to comment on them while you can. Detailed summaries of those changes are below. July 31, 2013 is the cutoff to have your voice heard!
Forrester Research predicts that the global market for cloud computing services will have increased from $40.7 billion dollars in 2011 to approximately $241 billion dollars by 2020. Do you have an export compliance plan in place that includes cloud computing?
Want to travel to Cuba? Well, on April 18, 2013, the Office of Foreign Assets Control (“OFAC”) announced its effort to streamline license processing. Read on to see if your able to partake in OFAC’s new electronic filing system.