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European Union Counter Measures on US Goods

IMPORTANT!

The EU Regulation outlining 14% retaliatory tariffs on certain imported US goods is now being rescinded.

The US Congress voted to repeal the FSC/ETI grandfathering benefits for sales contracts which were the EU's primary impetus for initiating the tariffs. The European Commission subsequently passed Regulation 728/2006 which suspends the additional customs duties until the US legislation is signed by President Bush (expected May 17, 2006). Once this occurs, the EU Regulation then automatically cancels the additional tariffs.

Regulation 728/2006: 2FSC Revocation (PDF, 35 KB)¹

 

 

Transatlantic –

The News Bulletin of the BACC, Great Lakes

         

                    

 

 

 

1 August 2006

 

 

Featured Member: Cleveland Institute of Art

 

Profile:                       The Cleveland Institute of Art is an independent college of art and design committed to leadership and vision in all forms of visual arts education. The mission of the Institute is to make an enduring contribution through education, research and service to diverse communities both immediate and global recognizing the importance of the visual arts in culture and the potential for artists to contribute to society.

 

To this end, the Institute continually seeks to develop and foster partnerships and collaborations with organizations and business regionally, nationally and internationally consistent with its educational mission.

 

 

Tom Horn

Director, Information Technology

11141 East Blvd.

Cleveland, OH 44106

Tel:      216-421-7384

Fax:    216-421-7333

Email:thorn@gate.cia.edu

 

BACC – Great Lakes – Upcoming Events

 

SAVE THE DATE!

Ryder Cup Golf Outing

Thursday, September 14, 2006 at Tanglewood Country Club

 

Holiday Rhapsody Event

Friday, December 1, 2006 at Sammy’s in the Flats

 

For more information, contact Candace at 216-621-0222 or bacc@baccgl.org. 

 

Punitive Duty on US Goods Entering the EU

 

A range of manufactured US products including agricultural items, textiles, steel and industrial, electronic and paper products will be subject to a flat rate import duty commencing May 16, 2006.  The European Union has imposed a 14% duty on products imported from the US in response to Congressional action granting a two-year transition period following the repeal of the Foreign Sales Corporation tax subsidies program.  The World Trade Organization has supported the EU action. 

 

Manufacturers and shippers should be aware that the new trade sanctions will affect goods-in-transit and products held in customs warehouses.  Further information on affected products may be obtained from the US Commercial Service at

http://www.buyusa.gov/europeanunion/sanctions.html.

 

Upcoming Events

 

Local Events

 

North American Festival of Wales

August 31 – September 3, 2006

Sponsored by the Welsh national Gymanfa Gaun Association.

This event will include seminars, a marketplace for vendors of Welsh goods, and performances by major folk artist and choral groups from Wales. The 2006 festival will benefit from being held in Ohio, the state with the highest concentration of our members. A principal highlight of the festival will be the celebration of the 75^th Welsh National Gymanfa Ganu (Singing Festival). For more details, see http://www.nafow.org/index.html.

 

Non-Local Events

 

FirstEnergy Export Now Program

In 2006, FirstEnergy Corporation’s Economic Development Department, through its Export and Exhibit Now programs, intends on participating in several events that will provide its industrial customers with opportunities to sell and market their goods and services. All three events are in partnership wit the U.S. Dept. of Commerce, U.S. Commercial Service. FirstEnergy plans on offering monetary and direct technical assistance at the following trade venues. For more information, contact Hans Rosebrock at 419-249-5617.

September, 2006 – FirstEnergy Export Now (Toronto/Montreal, Canada) Medical Device Gold Key Trade Mission

 

International Congress of Nanotechnology 2006 (ICNT 2006)

October 30 – November 2, 2006 in San Francisco

For more information, please go to www.nanotechcongress.com.

  

  

Cheers!

 

For further information, please contact Candace at the BACC

via phone (216.621.0222) or e-mail (bacc@baccgl.org).

1120 Chester Avenue, Suite 470

Cleveland, OH  44114