If the Treasury Department doesn't clarify the due-diligence steps that will be required of dealmakers under the agency’s upcoming outbound investment prohibitions, the Biden administration risks chilling a broad range of U.S ventures in China and incentivizing foreign companies to seek funds elsewhere, law firms and industry associations said in comments to the agency.

India's Directorate-General of Foreign Trade on Sept. 20 delisted 29 chambers of commerce or agencies from the list of agencies allowed to issue certificates of origin for failing to comply with the directive to onboard the DGFT's e-country of origin platform. The certificates of origin issued by these agencies were nonpreferential.

A recently issued paper from the International Chamber of Commerce highlights the “great challenge” facing financial institutions in providing trade finance to businesses, especially those involved in dual-use goods, Stephenson Harwood said in an Aug. 29 client alert.

The U.S. Chamber of Commerce's senior vice president for international policy said that when the trade ministers for the G-20 nations meet in India later this week, they should pledge not to hike tariffs, impose new export restraints or add digital trade barriers.

Lawmakers, business groups and think tanks gave a mixed bag of immediate feedback on the Biden administration’s executive order restricting outbound investments in China, with some applauding the government’s initial, cautious approach, and others expressing frustration that the restrictions don’t go far enough.

Sixteen trade groups, including the U.S. Chamber of Commerce, the National Association of Manufacturers, PhRMA and BIO, asked U.S. Trade Representative Katherine Tai to press Mexico to comply with its USMCA commitments during her trip to Mexico for the Free Trade Commission meeting.

Trade groups representing major exporters -- including the American Chemistry Council, the National Association of Manufacturers, the U.S. Chamber of Commerce and agricultural interests -- are telling the Biden administration that they are disappointed that regulatory barriers to trade are not being addressed in the Indo-Pacific Economic Framework.

U.S. Trade Representative Katherine Tai brought up China's nonmarket approach to trade, and how it causes "critical imbalances," according to a readout of her May 26 meeting with Chinese Commerce Minister Wang Wentao.

The U.S. should deploy “targeted and responsible” trade measures to restrict Chinese access to sensitive technologies, not ones that cut off a broad range of transactions between American and Chinese firms, U.S. Chamber of Commerce CEO Suzanne Clark said during an industry conference this week.

Commerce Secretary Gina Raimondo, whose agency is negotiating three of four pillars of the Indo-Pacific Economic Framework, said: "We believe that this year we will be able to finalize the IPEF."