As global economic and geopolitical environments enter a new era, companies need to continuously develop and adjust their coherent global business strategies to secure and further expand business opportunities in all markets while minimizing political and legal risks by ensuring compliance. To assist you with that task, Mayer Brown’s US-China Trade Monthly provides news and insights related to the latest US developments impacting the US-China bilateral trade relationship. 

In the current issue, we will: (1) discuss the launch of the Disruptive Technology Strike Force; and (2) take a deep-dive into the USTR’s Annual Report to Congress on China’s WTO Compliance, as well as the Biden Administration’s 2023 trade policy agenda.

Departments of Justice and Commerce Launch Disruptive Technology Strike Force

On February 16, 2023, the US Departments of Justice and Commerce announced a joint initiative to enforce export control laws—the Disruptive Technology Task Force (the “Task Force”). In announcing the Task Force, Deputy Attorney General Lisa Monaco said the goal of the initiative was to block adversaries from “trying to siphon our best technology.”

Read more >>

USTR Releases 21st Annual Report to Congress on China’s WTO Compliance, while Biden Administration Releases its 2023 Trade Policy Agenda

On February 24, 2023, the Office of the United States Trade Representative (USTR) released its 2022 Report to Congress on China’s WTO Compliance (the “WTO Report”). This is the 21st report prepared pursuant to section 421 of the US-China Relations Act of 2000, which requires the USTR to submit an annual report to Congress on China’s compliance with commitments made in connection with its accession to the World Trade Organization (WTO). Shortly after the release of the report, the Biden Administration released a policy agenda announcing steps the USTR has taken “to advance President Biden’s trade agenda over the last two years, as well as its priorities for 2023 and beyond.” The policy agenda “emphasize[s] new tools the US Trade Representative is developing in lieu of standard trade agreements and ‘re-aligning’ relations with China.”

Read more >>

Has this message been forwarded to you? Subscribe to receive legal updates direct to your inbox.