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International Issues Update 2022/36

By November 23, 2022July 31st, 2023No Comments

The International Issues Update is on hiatus for the Thanksgiving holiday. We will resume publication next week. Please note our upcoming meetings and a few quick updates below.

You have our thanks for allowing us to serve you. We wish you all a relaxing holiday.


In case you missed it:

  • November 22: Deputy Assistant Secretary of State for India Nancy Izzo Jackson, the Administration’s economic and political priorities in India

Up next: Register for upcoming WIBC discussions here

  • November 28: Deputy Assistant Secretary of Commerce for Export Administration Matthew Borman, export controls – priorities and the road ahead
  • December 15: Ambassador of Australia Arthur Sinodinos, U.S.-Australia cooperation on political and economic issues

WIBC discussions are open to WIBC members only. Not a member? Contact Christina for membership inquiries.

Turkey takes

  • The UN Climate Change Conference (COP27) finished with an agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters. The final COP27 report of outcomes, known as the Sharm el-Sheikh Implementation Plan, also estimates that a global transformation to a low-carbon economy is expected to require investments of at least USD 4-6 trillion a year.
  • USTR has extended Section 301 tariff exclusions pertaining to COVID-19 related products for three months, until the end of February 2023.  A press release and federal register notice are available.
  • The Treasury Department’s Office of Foreign Assets Control (OFAC) has published a determination implementing a price cap on Russian origin oil. OFAC has published guidance on the implementation and issued general licenses 55, 56, and 57. The licenses authorize services related to certain oil shipments to Japan, specific European states, and when necessary to preserve life or safety.
  • The 2023 State Department authorization bill, which would place restrictions on senior State Department officials working for certain foriegn governments, may pass into law after being attached to the Senate National Defense Authorization Act.