Tag Archives: trade

ILN Today Post

DDTC Transitioning to DECCS on February 18

The Department of State Directorate of Defense Trade Controls (“DDTC”) has announced that it will roll out the Registration and Licensing applications in its new online platform, Defense Export Control and Compliance System (“DECCS”) on February 18. Importantly, DTrade, DDTC’s current electronic licensing platform, will no longer be available after 6 p.m. Eastern on February 14. DECCS will additionally replace DETRA, EFS, ELLIE, and MARY, making DECCS a cloud-based one-stop-shop for ITAR-related licensing, registration, commodity jurisdictions, disclosures, and advisory opinions. Companies and individuals requiring the above services will need to set up a User Account in DECCS by enrolling here.

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ILN Today Post

Planning for 2020 Trade Under Trump

NAFTA 2.0 or the USMCA

Since President Trump took office in January of 2017, he has shown his desire to follow through with trade policies that were a central part of his campaign. After the President officially withdrew the United States from the Trans-Pacific Partnership (“TPP”), he immediately focused on renegotiating the North American Free Trade Agreement (“NAFTA”). Read more…

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ILN Today Post

Game Changer! Inauguration of expanded Panama Canal ushers in New Era of global trade

On Sunday, June 26th, 2016; the inaugural transit of the Panama Canal Expansion began with the transit of Neopanamax vessel COSCO Shipping Panama through the new Atlantic-facing Agua Clara Locks.

Originally named Andronikos, the vessel was renamed to honor and pay respect to the country of Panama and the Canal.

The Expansion Program is the Canal’s largest enhancement project. It included the construction of a new set of locks on the Atlantic and Pacific side of the waterway and the excavation of more than 150 million cubic meters of material, creating a second lane of traffic and doubling the cargo capacity of the waterway. While the Expanded locks are 70 feet wider and 18 feet deeper than those in the original Canal, they use less water due to water-savings basins that recycle 60 percent of the water used per transit.

 

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ILN Today Post

The Dej-Udom & Associates Newsletter for September 2015

COUNTDOWN 2015 – ASEAN Economic Community

Immediate AEC Benefits
In a new report, a global commercial real estate company maintains that the ASEAN Economic Community (AEC) integration will immediately benefit the member states’ industrial sectors and their local office and retail property markets. According to the report, more multinational companies (MNCs) and small and medium enterprises (SMEs) will be established in the AEC to take advantage of its benefits, in particular the regional logistics market which is expected to develop and grow. With the influx of new MNCs and SMEs, there will then be higher demand for industrial and office space in the ASEAN countries and subsequent growth in local supply.

SME Financing
A leading regional bank says that due to poor access to financing, few of Asia’s small and medium sized enterprises (SMEs) have the opportunity for the strong, sustainable growth needed to become part of the global supply chain. The bank says that overall in 20 Asian countries, 96% of all registered firms are SMEs which employ 62% of the labor force, but only contribute 42% of the economic output. To combat the problem, the bank recommends more access to bank credit and more involvement from the region’s governments to make it easier for SMEs to access new financing options like supply chain finance.

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ILN Today Post

Dej-Udom & Associates Newsletter August 2015

The Dej-Udom & Associates monthly newsletter covering Thailand and the ASEAN region for August 2015

COUNTDOWN 2015 – ASEAN Economic Community

RCEP Breakthrough
At the 47th Meeting of the ASEAN Economic Ministers held this month in Kuala Lumpur, Malaysia, significant progress was made on the pending Regional Comprehensive Economic Partnership (RCEP). The RCEP is the proposed free trade agreement between the ASEAN member states and Australia, China, India, Japan, South Korea and New Zealand. Past obstacles were overcome during the meeting and now the RCEP agreement could be finalized by 2016. Of note at the meeting, all parties to the RCEP agreed to immediately zero-rate 65% of all tariff lines when the agreement takes effect and have 80% zero-rated within 10 years after.

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