The U.S. has the potential to surpass China as the largest exporter of goods globally, and the Export-Import Bank plays a critical role in that prospect, said Fred Hochberg, the bank’s president, at an American Association of Port Authorities conference on March 25. Exports have grown 10 percent annually since 2009, the U.S. recorded a record high $2.3 trillion in exports in Fiscal Year 2013 (FY13) and the Obama administration continues to prioritize the National Export Initiative, said Hochberg. Moreover, the bank profited $1.057 billion through financing U.S. exports of construction equipment, locomotives, mining equipment, wind power products and many other goods, said Hochberg.
Russia export controls and sanctions
The use of export controls and sanctions on Russia has surged since the country's invasion of Crimea in 2014, and especially its invasion of Ukraine in in February 2022. Similar export controls and sanctions have been imposed by U.S. allies, including the EU, U.K. and Japan. The following is a listing of recent articles in Export Compliance Daily on export controls and sanctions imposed on Russia:
The Animal and Plant Health Inspection Service worked to open $2.7 billion in foreign markets for U.S. exports in fiscal year 2013, and secured the release of about $34 million in agricultural goods that had been detained in foreign ports, said APHIS Administrator Kevin Shea on March 25. Those efforts contributed to a record $141 billion in farm exports in FY 2013, up $5 billion from last year.
President Barack Obama, and heads of state from Canada, France, Germany, Italy, Japan, and the United Kingdom, formally ousted Russia from an alliance now labeled the G7 on March 24, and generally agreed to increase sanctions in the Russian energy, banking and arms sectors, a senior administration official told reporters in a press briefing. “A decision was taken that the G7 energy ministers should meet in the coming weeks to strengthen the collective energy security of the G7,” said a senior administration official. “And this provides a forum to discuss ways, for instance, to diversify energy supply for Europe as we consider potential sectoral sanctions, including on the energy sector in Russia.” Some U.S. lawmakers have been pushing for increased U.S. natural gas exports to Europe to alleviate dependence on Russian natural gas imports (see 14030614). The meeting came during the Nuclear Security summit.
The World Health Organization issued the following health alerts since the last ITT travel and health warning update:
The Commerce Department is postponing until July 24 the deadline for its final determination on antidumping duties for ferrosilicon from Russia (A-821-820). The domestic companies that originally requested the AD duties asked for the extension after Commerce preliminarily found no dumping by Russian companies (see 14031027). Commerce said “no compelling reason exists” to deny the extension request.
On March 20 the Foreign Agricultural Service posted the following GAIN reports:
On March 19 the Foreign Agricultural Service posted the following GAIN reports:
On March 14 the Foreign Agricultural Service posted the following GAIN reports:
A listing of recent antidumping and countervailing duty messages from the Commerce Department posted to CBP's website March 14, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
CBP Seattle warned importers in a Trade Information Notice of the "potential impact of sequestration on vessel inspections" in the area now that Asian Gypsy Moth (AGM) high risk season has arrived. CBP asks that vessel crews look for egg masses when transporting goods from high risk countries in Asia. CBP also requests that "vessel agents provide two year port of call data at least 96 hours prior to vessel arrival." The agency recommends that vessels obtain AGM certificates when visiting high risk ports. Vessels that visited high risk ports in Russia are required to present an AGM certificate before being allowed to berth, while vessels that visited high risk ports in Japan, South Korea or China will be permitted to berth without the certification, CBP said.