On 19 March 2025, the European Commission (“EC”), in collaboration with the EU’s High Representative for Foreign Affairs and Security Policy, published the Joint White Paper on the Future of European Defence (the “White Paper”), available here. As outlined in the White Paper, the EU is embarking on an ambitious journey: bolstering its defence capabilities through the “REARM Europe” initiative (as announced by the President of the European Commission here. The REARM Europe initiative is…
Following the previous round of 10% tariffs imposed by the US on all goods originating from China, effective February 4, 2025, the US has imposed additional 10% tariffs on all Chinese goods under the International Emergency Economic Powers Act (“IEEPA”) on March 3, 2025. In response, China announced a new series of retaliatory measures against the US the next day. Below is a summary of these measures: 10-15% retaliatory tariffs on US agricultural products Effective…
In 2024 significant changes to Australia’s export laws were made. The changes amended the Defence Trade Controls Act 2012 (Cth) (DTC Act). Although the changes commenced on 1 September 2024, there was a transition period before offences under the new regime applied. The offence provisions commence on 1 March 2025. Impacted entities have been busy seeking permits and implementing measures to comply with the new regime. Several new concepts have been added to the…
On January 14, 2025, President Biden took action towards rescinding Cuba’s designation as a State Sponsor of Terrorism (“SST”) and to remove restrictions on financial transactions with certain Cuban parties by issuing to Congress a Certification of Rescission of Cuba’s Designation as a State Sponsor of Terrorism (“Certification”) and National Security Memorandum 29 (“NSM-29”) revoking a past National Security Presidential Memorandum related to Cuba that had been issued by then-President Trump in June 2017. President…