The G-20 summit concluded in Buenos Aires on December 1 and brought relief to Chinese and American importers as the leaders from both nations mutually agreed to halt new trade tariffs for 90 days.

The press release issued by the White House reads that on January 1, 2019, tariffs on $200 billion worth of imported Chinese products will not be raised to 25% from the existing 10%, as was initially announced by the United States. In return, China agreed to purchase a substantial amount of agricultural, industrial, and energy products from the U.S., though the exact amount has yet to be agreed upon. This ceasefire aims to reduce the trade conflict that has steadily escalated in the recent months between the two countries.

On November 9, Integration Point Director of the Greater China Region, Steve Tian, spoke at the 2018 ICPA China Conference in Shanghai. At the conference, Steve presented on “New Regulation and Implementation of China Pre-Ruling.”

The presentation detailed the basic requirements of the advanced ruling application for the import and export of Chinese goods. The advance rulings system for goods classification in China was first adopted in 2000 as a temporary measure, and was officially adopted in 2007, according to the World Customs Journal. Under the advanced ruling system, the importer/exporter can apply to a regional customs office for an advance ruling for the goods that they intend to import/export up to 45 days before the intended movement date.

After almost two years of contentious negotiations, the European Union and the United Kingdom have drafted a withdrawal agreement. The 585-page agreement details the regulations of the transition period for both sides after the UK exits the EU in March of 2019.

The deal aims to avoid a hard border between the UK and the EU, but several clauses within the agreement have proven controversial. One of the central points of dispute is the Irish border “backstop,” or the proposed solution to the fear of a hard border between EU member Ireland and Northern Ireland, which is part of the UK.