Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C.
International Trade and Customs
Author: Susan Kohn Ross
As has been repeatedly mentioned in the general press, President Trump tweeted on August 1st that the U.S. “will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.” There are lots of questions about what that short message actually means, and right now, no answers. So far, there is no official notice from the U.S. Trade Representative (USTR) for publication in the Federal Register.
An EU Regulation establishing a framework for screening foreign direct investments into the EU has been approved.
On 5 March 2019, the Council of the EU approved a Regulation establishing a framework for the screening of foreign direct investments into the EU; it was the final stage of the legislative process that began with a Commission proposal in 2017.
The Regulation is due to be officially published on 21 March 2019, and it is expected to apply from around October 2020.
This legislation aims to better scrutinise direct investments coming from third countries on the grounds of security or public order.
The Commission is set to take a largely procedural and coordinating function in connection with reviews conducted by Member States. While the practical implications of the Regulation will need to be kept under review, each Member State will remain firmly in charge of its own FDI controls and it is not anticipated that the Regulation will affect the attractiveness of Ireland as an FDI destination.