Effective June 5, 2019, India’s status as a beneficiary developing country under the Generalized System of Preferences (GSP) will be terminated.
The USTR published a “Request for Comments” regarding a proposed $300 Billion trade action on products from China (so-called “List 4”). The notice was published on the USTR’s “Section 301 Investigations” website on May 13, 2019.
Although the effective date of the potential tariffs is unclear, the notice proposes a 25% added duty effecting a long list of commodity codes. The additional duty would apply to products of China, classified under these tariff codes.
Since its origins in Israel in 1963 to the establishment of its headquarters in Hong Kong some 15 years ago and its rapid expansion in Asia, the story of Malca-Amit tracks the globalisation and the dramatic increase in private wealth worldwide. The company today has 70 offices in 45 countries worldwide and provides the luxury goods industry, high-net-worth individuals and international banks with a seamless, secure logistics service for the movement and storage of high-value, precious items. Hubbis recently met with Ariel Kohelet, Managing Director, who recounted the company’s history, explained the uniqueness of its services and highlighted the company’s priorities for future growth in the Asia region.
Some of the common risks for travelling sales agents are, thefts due to carelessness or premeditated distractions, and violent robberies.
The incidents often take place around commercial jewellery districts, near airports, car rentals and hotels. Criminals regularly lurk at observation posts in attempt to locate potential victims.
In July 2018, the Federal Trade Commission (FTC) issued updated its Guides for the Jewelry, Precious Metals, and Pewter Industries. The Jewelry Guides give marketers detailed information about how to make non-deceptive claims about their products – including jewelry made with mined, laboratory-created, and simulated diamonds.
Since such time the FTC has RECENTLY issued warning letters to eight companies advising them that their advertisements are raising compliance concerns with the recent changes to the jewelers guide.