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With the recovery in the US remaining stubbornly slow and the Eurozone struggling to emerge from its double-dip recession, ongoing negotiations for the Transatlantic Trade and Investment Partnership (TTIP) could provide the means for both economies to grow in the medium- and long-term. Yet these negotiations are about more than tariffs or quotas—they are about the standards and regulations that serve as market access barriers in this highly interconnected market. Great ambitions, however, come with great risks. High culture, high finance, high tech, and high politics could all serve to bring ambitions lower. Each of these four pivotal policy areas could potentially trip up TTIP, for they all reflect deeply-held beliefs that are not easy to compromise away.
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A Court of Appeals for the Federal Circuit decision on July 30th negated a central assumption in customs law: that corporate officers may be held personally liable for not exercising reasonable care when submitting entry documents to U.S. Customs and Border Protection. Although it is still possible for individuals to be held liable in certain circumstances, this ruling makes importing less risky for small business owners. Adrienne Braumiller wrote an insightful piece on the implications of the ruling, which can be found on Braumiller Schulz, PPLC’s website.
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July 2018
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