United States and Republic of Nigeria Sign Customs Mutual Assistance Agreement

The following is excerpted from a 23 April 2013 news release by CBP.

On behalf of the United States and the Federal Republic of Nigeria, U.S. Customs and Border Protection (CBP) Acting Commissioner Winkowski and Nigeria Customs Service Comptroller General Abdullahi Dikko Inde signed a Customs Mutual Assistance Agreement (CMAA) today, which marks a significant milestone in collaboration between the two countries.

Russia, Viet Nam, Indonesia and Brazil among members queried on import licensing

The following is excerpted from a 22 April 2013 news item by the World Trade Organization.

WTO members, meeting as the Import Licensing Committee on 22 April 2013, questioned Indonesia, Viet Nam, Thailand and Brazil about a range of import licensing procedures and asked Russia to submit overdue information on its licensing laws.

This item is available in its entirety at:
http://www.wto.org/english/news_e/news13_e/impl_22apr13_e.htm

Lamy says Europe needs a good compass to sail through crisis

The following is excerpted from a 17 April 2013 speech by DG Pascal Lamy of the World Trade Organization.

Director-General Pascal Lamy, in a speech to the Institute of International and European Affairs in Dublin, Ireland on 17 April 2013, said that “the best way to sail through the crisis is to use a good compass – the name of the European compass must be ‘confidence’… Confidence that Europe has the strength to sail in an ever more globalized world”.

This speech is available in its entirety at:

ICC publishes guide to letter of credit law in China

The following is excerpted from an 8 April 2013 article by the International Chamber of Commerce.

The International Chamber of Commerce’s (ICC) publication entitled The Law of Letters of Credit in China: Commentary and Materials on the Chinese Supreme People’s Court’s Judicial Interpretations of Letters of Credit (LC) offers immense help to anyone doing export/import business in China.