Here is a recap of the latest customs and international trade law news:

Apparel

  • Nike has ended 2021 as the most valuable apparel firm globally. According to data presented by FinancePR.com, the American outfit achieved a $30.44 billion valuation in 2021, placing it at the helm of the top ten garment firms worldwide.

CBP 

U.S. Census Bureau

China

Department of Commerce 

FDA

  • The FDA is seeking early feedback on a plan to assist stakeholders, including industry, health care professionals, and patients, with a smooth transition away from the temporary emergency measures of the pandemic to the eventual resumption of normal operation.
    • Comments are due March 23, 2022
  • Elizabeth Miller, assistant commissioner for medical products and tobacco operations in FDA’s Office of Regulatory Affairs, announced at a recent FDLI enforcement conference that the FDA will resume unannounced and hybrid inspections of foreign facilities in 2022.
  • On January 1, 2022, the Food and Drug Administration (FDA) opened the Voluntary Qualified Importer Program (VQIP) for FY 2023. Participants in the fee-based program receive expedited review of animal and human foods entering the United States.
  • On January 12, 2022, the U.S. Food and Drug Administration declared they are revoking the standard of identity for French dressing, reacting to a citizen petition from the Association for Dressings and Sauces that shared information documenting that the standard is outdated. The agency is now finalizing the proposed rule issued in December 2020 based on the conclusion that revoking the standard will allow for greater innovation and flexibility of products on the market.
      • The final rule is effective February 14, 2022

HTSUS 

Port Everglades

Sanctions 

USTR

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