In this update, we provide a key overview of the recent developments within tariffs and trade restrictions, in light of the current geopolitical landscape and discuss implications for businesses, alongside strategies for navigating these challenges moving forward.
We examine the effect on various English law governed maritime contracts from the targeted action by the U.S. Trade Representative seeking to reduce the power of Chinese parties in the maritime sector.
The Norwegian Ministry of Foreign Affairs recently announced significant amendments to the Export Control Regulations and introduced a new Annex of additional controlled goods. Additionally, several EU Member States have imposed unilateral export controls, and we note that the EU Dual-Use List has recently been updated.
