2014 IFCBA World Conference

The 2014 World Conference of the IFCBA, "Celebrating 25 years of Trade Facilitation through Expertise and Innovation", will take place from May 13-17 at the Sheraton Grande Walkerhill Hotel in Seoul, Korea. For detailed information, please click on the conference program. If you are planning on attending, please complete the registration form and send to the IFCBA Secretariat at ifcba@ifcba.org. The hotel form must be sent to info@ifcba2014.or.kr. Please visit the following link for more conference details:www.ifcba2014.or.kr

About the IFCBA

The IFCBA has been representing the interests of the worlds' customs brokers and their clients since 1990. Many of our member asoociations have been involved in similar activities within their own countries for nearly a century. » more

Recent News

On March 27, the World Trade Organization (WTO) released a panel report on the case of China's appeal against the U.S. amendment to the Tariff Act of 1930. The panel supported China's claim of being unfairly subjected to "double remedy" taxation and found that the U.S. Department of Commerce had failed to take the necessary actions to avoid the imposition of such taxation in the 25 anti-dumping and countervailing cases it made against China from 2006 to 2012.

The United States has thus been found to be in violation of the WTO rules. Shen Danyang, spokesman of the Ministry of Commerce (MOFCOM), said on the same day that China welcomes such a decision.

He said this case involves more than $7.2 billion each year and touches upon an enormous trade benefit for China. He added that China hopes the United States will respect the WTO's ruling and change its abusive use of trade remedy measures as soon as possible to ensure an environment of fair competition for Chinese enterprises.

The United States, through its amendment to the Tariff Act (also referred to as the GPX Bill) on March 13, 2012, backdated and authorized its investigative institutions to levy countervailing tax on "non-market economy countries" from November 20, 2006, but such actions were not found to be in clear violation of WTO rules...

Shen said that China is assessing the panel report, and will do the follow-up work according to WTO dispute settlement procedures...

This has been excerpted from the 21 April 2014 article by Beijing Review, and is available in its entirety at
http://www.bjreview.com.cn/business/txt/2014-04/21/content_614474_2.htm

The following is excerpted from a 17 April 2014 press release by the World Trade Organization.

China announced to the WTO Secretariat on 17 April 2014 its decision to appeal certain issues of law and legal interpretation in the panel report in the case “China – Measures related to the exportation of Rare Earths, Tungsten and Molybdenum” (WT/DS431). The panel report was appealed by the United States in a notification dated 8 April 2014.

This release is available in its entirety at:
http://www.wto.org/english/news_e/news14_e/ds449apl_17apr14_e.htm

The following is excerpted from a 14 April 2014 press release by the World Trade Organization.

Although the 2014 forecast of 4.7% is more than double the 2.1% increase of last year, it remains below the 20-year average of 5.3%. For the past two years, growth has averaged only 2.2%.

The sluggish pace of trade growth in 2013 was due to a combination of flat import demand in developed economies ( 0.2%) and moderate import growth in developing economies1 (4.4%). On the export side, both developed and developing economies only managed to record small, positive increases (1.5% for developed economies, 3.3% for developing economies).

This release is available in its entirety at:
http://www.wto.org/english/news_e/pres14_e/pr721_e.htm