February - 2021

European Commission implements export regulations on COVID-19 vaccines

On 29th January 2021, the European Commission implemented regulation (EU) 2021/111 to make “exportation of certain products subject to the production of an export authorisation.” This regulation targets EU-exports of COVID-19 vaccines that are covered by an Advance Purchase Agreement with the EU. The measure applies from 30th January 2021 until 31st March 2021. For further information see the press release and the Q&A published by the European Commission. In addition, German

U.S. issues a new executive order and designations regarding Burma

On 11th February 2021, U.S. President Biden issued a new Executive Order entitled “Blocking Property with Respect to the Situation in Burma.” Further information about actions against Burma can be found in a Fact Sheet published from the White House. Additionally, on 11th February 2021, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) updated the Specially Designated Nationals and Blocked Persons List (“SDN List”) with Burma-related designations.

BAFA introduces new electronic issuing of permits in foreign trade law

On 29th January 2021, Germany’s ‘Bundesamt für Wirtschaft und Ausfuhrkontrolle’ (BAFA) announced that starting on 1st March 2021, permits, null notifications, notifications changes, information and extensions in the field of foreign trade law will be issued electronically. Also at this time, sending notices in paper form will be discontinued. However, export permits for temporary, repeated exports (export type 231), transit permits, re-export approvals, rejections and objecti