Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C.
International Trade and Customs
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)
The Decree with the Status, Value, and Force of Law on the Exchange Regime and its Unlawful Acts (hereinafter the “Decree”) was issued through Decree No. 798, published in Official Gazette No. 6.126, Extraordinary, dated February 19, 2014. The purpose of the Decree is to regulate the terms and conditions under which the entities with jurisdiction over the foreign currency administration regime exercise the powers conferred on them, as well as the fundamental parameters for the participation of individuals/private parties and public entities in the acquisition of foreign currency and the events that constitute unlawful acts in this matter.