Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C
International Trade and Customs
Contact: Gordon Grieve and David Cornwell; Piper Alderman (New South Wales, Australia)
Negotiations for the Trans-Pacific Partnership (TPP) concluded on 6th October 2015 after the 12 country partners reached agreement on the final draft of the TPP. The 12 country partners – Australia, New Zealand, Vietnam, Singapore, Japan, Malaysia, Brunei Darussalam, Chile, Mexico, Peru, Canada and the US – make up 40% of the world’s economy and the agreement is expected to have a wide impact on trade and cross-border business.
The TPP is still subject to domestic ratification by each of the partners however the TPP’s outcomes are likely to be advantageous beyond the obvious trade sectors such as agriculture and goods exports. Domestic regulations across different countries complicate the ability of professionals to offer their services internationally. The TPP offers a liberalisation of restrictions on cross-border interactions and creates new opportunities which will provide significant openings for Australian sectors to prosper including, significantly, the legal and financial sectors.
Partners, Gordon Grieve and David Cornwell explore some of the likely outcomes of the TPP as well as opportunities the TPP will provide in services.
After more than a decade of negotiations, the China-Australia Free Trade Agreement (ChAFTA) was signed in Canberra on Wednesday, 17 June 2015. ChAFTA is expected to have a significant impact on Australian businesses and consumers given China is Australia’s largest trading partner, with almost a quarter of Australia’s total trade. Partners, Esteban Gomez and Ted Williams discuss.
Decree No. 1,416 of November 13, 2014 was published in Official Gazette Extraordinary No. 6,155 of November 19, 2014. Through said Decree, the President of the Republic issued the Decree with the Status, Value, and Force of Law of Amendment to the Organic Customs Law (the “Decree-Law”) that amended the Organic Customs Law published in Official Gazette No. 38,875 of February 21, 2008.
Contact: Carys Taylor; Clarkslegal LLP (Reading, England)
In October 2013, Canada and the EU concluded an agreement in principle on a Comprehensive Economic and Trade Agreement (“CETA”). It is envisaged that the Agreement will generate substantial new trade in goods and services as well as additional opportunities for investment. Once implemented, CETA is expected to increase bilateral trade in goods by 22.9% or E25.7 billion, which will foster growth and employment in both the EU and Canada.
Contact: Henry J. Chang; Blaney McMurty Ontario (Canada)