Currently browsing;Global Trade Bans
- Firm Receives One of the Largest Fine in U.S. Export Violation History
American Shipper Magazine reports that Balli Aviation Ltd. was sentenced to five years probation and is to pay $2 million for exporting B747 planes to Iran. Balli Aviation plead guilty to issuing three planes to be shipped to Iran without properly obtaining an export license from BIS or receiving authorization from the Treasury Department’s Office of Foreign Assets Control. Furthermore, [...] - Japanese Police Arrest Two People For Export Violation
On Tuesday, Japanese police arrested two people for the export of cosmetics, clothes and food into North Korea. This is a trade ban violation between Japan and North Korea, states the Strait Times, a Singapore publication. Last year, Noriko Nakanishi, 62, an export executive, and her colleague Masaki Ikeyama, 73 shipped cosmetics via China into North Korea, and in [...] - Samsung and Sharp Battle Over Infringed Patent
The U.S. International Trade Commission (ITC) has recommended that the liquid crystal in television monitor and computer screens be banned in the U.S. from maker, Samsung. The ITC ruled that Samsung infringed a patent against Sharp, says the Finanical Times. Samsung said it plans to ask an appeal court to put the decision on hold. “We [...] - China Builds Case Against U.S. Automakers
The Associated Press reports that China plans to investigate three U.S. automakers: GM, Chrysler and Ford on anti-dumping. Chinese officials believe many cars were imported below market value because of recent bail-out funds many received by the U.S. government. Steps could lead to higher tariffs for the automakers. According to Steve Collins, president of industry trade group the [...] - Proposal to Save the Polar Bears
According to the Associated Press, the United States Interior Department filed a proposal, the week of the 12th, to the Convention on International Trade in Endangered Species (CITIES) requesting an international ban on the commerical sale polar bear fur and other parts. Global warming has weaken the Arctic, making it difficult for Polar bears to find food. The [...] - Illegal Logging in China
According to an U.K environmental watch dog organization called Global Witness, the U.S. and several European countries may have imported several billion dollars worth of illegal timber from China, that is most likely smuggling logs across its border from Myanmar. The group states that illegal logging was still causing rapid destruction of Myanmar’s northeastern forests, with 270,000 [...] - Trade Ban Lists Released In March 2010
Tuna, colorful corals and sharks fins used for commercial use have been proposed for international trade restrictions overseen by the United Nations (UN). African elephants, several plants from Madagascar, the skins of certain snakes and crocodiles, and a range of waxes and oils were also suggested for the regulation which aims to encourage conservation. “We check that the trade [...] - European Union Announces Anti-Dumping Duties for Several Countries
On Thursday, the European Union (EU) announced it has issued anti-dumping duties on China, Brazil and Armenia for selling aluminum foil, seemless steel pipes and tubes below cost. According to the Journal of Commerce, there is an up to 30 percent duty placed on aluminum foil for the next five years for all three countries. Furthermore, the EU [...] - Elephant Poachers on the Rise
According to the Associated Press, Kenyan and Ethopean officials seized 2,600 lbs (1,200 Kilograms) of ivory from around 100 illegally killed elephants at the captiols’ airport. Both shipments were unaccompanied in route to Bangkok. In 1989, the was an international ban on ivory because of the severe drop in elephant population. But, recently the Convention [...] - U.S. Seeks New Ways to Ban Iran’s Black Gold
According to a new article in the Wall Street Journal, the United States seeks new ways to restrict Iran’s energy, transportation and financial sectors since last week when the United Nation members learned of a second nuclear- fuel facility. The U.S. Treasury has considered many tactics in the past, but recently Congress has proposed a [...]
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