ON OUR DESKS
- Supporting applications for federal grants for energy projects in Europe and the United States
- Attending the Commerce/BIS export controls and industrial policy conference
- Analyzing G7 initiative Partnership for Global Infrastructure and Investment
- Presenting guidance on effective engagement with foreign embassies
How can we help you? Email any IBC counsellor for assistance or consult our issues list to find the expert you’re looking for.
In case you missed it:
- U.S. relations with North America with National Security Council Directors for North America Ms. Isabel Rioja-Scott and Mr. Max Hamilton
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WIBC discussions are open to WIBC members only. Not a member? Contact Christina for membership inquiries.
YOU NEED TO KNOW
G7 leaders met June 28 in Germany and pledged continued support for Ukraine, as well as stepped up collaboration on energy, climate, and food security. President Biden and G7 leaders committed more than $4.5 billion to combat global food insecurity, more than half of which will come from the United States.
The United States also announced the Partnership for Global Infrastructure and Investment (PGII), comprising four pillars – climate, health and health security, digital technology, and gender equity and equality. The PGII is supported by a commitment to catalyze $600 billion dollars across G7 partners through 2027. While the United States established a new PGII coordinator and interagency process, U.S. PGII projects are mostly pre-existing. PGII does not appear to entail any major new budget for agencies like the Development Finance Corporation (DFC) or USAID.
In addition to the G7 communiqué, G7 leaders issued a separate “Statement of Support for Ukraine.” Leaders announced they will seek to limit Russia’s revenues from gold and will explore sanctions to impose a price cap on Russian oil. The U.S. implemented a gold import ban, and other countries may follow. The United States also announced that it will increase to 35% duties on certain Russian imports, including certain mineral products, chemicals, plastics and rubber, wood and pulp products, textiles and apparel, machinery, electronic parts, transportation equipment, and a variety of manufactured articles. The new duties are effective July 31, 2022. State, Commerce, and Treasury also imposed additional individual sanctions, including against six Chinese parties involved in evading U.S. controls.
At the June 29-30 NATO Madrid Summit, NATO approved the accession of Finland and Sweden to the Alliance; agreed a strategic concept that identifies Russia as “the most significant and direct threat” to the Alliance; and announced increased military deployments to Poland, Romania, and the Baltics. The Polish deployment will see the U.S. Army’s V Corps permanently stationed in Poland, whereas the deployments in Romania and the Baltics will be on a rotating basis.
NATO leaders were joined for the first time by the leaders of Australia, Japan, New Zealand, and Korea. NATO’s 2022-2023 strategy for the first time directly identified China as a threat, and leaders pledged to “build a shared understanding of China’s non-transparent and market-distorting interventions” and “to develop coordinated action… to foster diversification and resilience to economic coercion, and to reduce strategic dependencies.”
Contact: Pat Sheehy
The European Council agreed this week on negotiating positions under the “Fit for 55” initiative that will enable the EU to cut greenhouse gas emissions by 55% by 2030 (compared to 1990 levels). The agreement establishes binding targets of 40% renewable energy (increased from 32%) and 9% reduced energy consumption. The agreement also addresses sectors, phase-in periods, and energy reduction targets related to the EU’s emissions trading system (including the Carbon Border Adjustment Mechanism (CBAM)). The positions “pave the way for negotiations with the European Parliament.”
In contrast, the U.S. Supreme Court ruled June 30 that the Environmental Protection Agency (EPA) does not have the authority to regulate limits on carbon emissions from coal plants. President Biden called the decision “another devastating decision that aims to take our country backwards,” and vowed to “continue using lawful executive authority, including the EPA’s legally-upheld authorities, to keep our air clean, protect public health, and tackle the climate crisis.”
Contact: Scott Seaman
During its annual export controls conference, Commerce’s Bureau of Industry and Security (BIS) provided updates on BIS enforcement practices, the Defense Production Act, Russia sanctions, industrial base and supply chain resilience, and drug development, among other topics. Speakers emphasized cooperation between allies and a growing focus on enforcement.
Contact: Pat Sheehy for readouts on request
- Senior U.S. officials traveled to Caracas this week to meet with National Assembly President Jorge Rodriguez and U.S.-recognized interim president Juan Guaido, with the stated purpose to discuss political prisoners. The Maduro regime claimed the visit had broader political intent.
- National Security Advisor Jake Sullivan revealed that President Biden and Chinese President Xi Jinping will “have the opportunity to engage over the course of the next few weeks,” without indicating whether any such meeting would attempt to dial down bilateral tensions.
- The Export-Import Bank (EXIM) released its 2022 Competitiveness Report, noting “waning medium- and long-term (MLT) export credit activity, a significant decline of Chinese financing activity, and continued emphasis on climate-related finance” while recommending increased and more strategic EXIM financing.
- President Biden praised the World Bank’s July 1 launch of a new Financial Intermediary Fund to finance critical investments to strengthen global pandemic prevention, preparedness and response (PPR).
- Protests in Ecuador ended after two weeks of tumult, but demonstrations and disruptions broke out across Latin America over high food and fuel prices. Protests by workers and social groups in Panama, farm groups in Argentina, and transport drivers in Peru indicate increasing unrest across the region.
NOTICES, BILLS & HEARINGS
Federal Register Notices
- Commerce/BIS, Entity List Additions and Removals, June 30
- Commerce/ITA, Opportunity To Request Antidumping or Countervailing Duty Administrative Review, July 1
- Commerce/ITA, Environmental Technologies Trade Advisory Committee, July 1
- DHS/CBP, Country of Origin Marking Requirements for Containers, June 30
- EOP, Increasing Duties from Russia, June 30
- EOP, Partnership for Global Infrastructure and Investment, June 30
- Treasury/OFAC, Global Terrorism Sanctions Regulations, July 1
- Treasury/OFAC, Nicaragua Sanctions Designations, July 1
- H.R.8240 (Bacon, R-NE) To combat military reliance on Russian energy.
- H.R.8219 (Weber, R-TX) To transfer certain funds from the Da Afghanistan Bank to the United States Victims of State Sponsored Terrorism Fund.
- Amos Hochstein, Special Presidential Coordinator for the Partnership for Global Infrastructure and Investment
- Brian McCauley, Deputy Assistant Secretary of Treasury for Europe and Eurasia
- Michael Hochman, Deputy Chief of Staff to the National Cyber Director
- Nick Leiserson, Assistant National Cyber Director for Policy and Programs
- Andrew Sanders, NSC Director for Brazil and the Southern Cone
- Anita Pavlic, Slovenia Deputy Ambassador
- James DeHart, State Department Coordinator for the Arctic Region
- Jennifer Kuskowski, Senior Advisor to Senator McConnell (R-KY)
- Robert Bair, NSC Director for Cybersecurity and Operations Policy
Want more scoops on personnel moves? Find the most recent Who’s Who here.
- Under Secretary of State Fernandez travels to Spain, July 1-5
- Independence Day (Federal Holiday), July 4
- European Parliament (Strasbourg), July 4-7
- WTO/ITC joint event on facilitating sustainable and inclusive trade for our planet, July 5
- FAO worldwide Perspectives on Geographical Indications conference (Montpellier, France), July 5-8
- UN high-level political forum on sustainable development (New York), July 5-12
- UN subcommittee on the globally harmonized system of classification and labeling of chemicals (Geneva), July 6-8
- World Bank International Development Association Africa heads of state summit (Dakar, Senegal), July 7
Looking farther ahead? Find the most recent full international events calendar here.