Tag: Goods

13
Oct
2020
Posted in technology

WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.

The ruling by the World Trade Organization arbitrators, which could inflame Trump administration criticism of the Geneva-based body, amounts to one of the largest penalties handed down by the WTO.

It comes a year after another ruling authorized the United States to slap penalties on EU goods worth up to $7.5 billion – including Gouda cheese, single-malt whiskey and French wine – over the bloc’s support for Boeing rival Airbus.

Now the EU can have its own turn at trade punishment, and has already been considering which American products it could target. A preliminary list that the bloc has released suggests it could go after a wide range of products including frozen fish and shellfish, dried fruit, tobacco, rum and vodka, handbags, motorcycle parts and tractors.


In the past in trade disputes, the EU has sought to roughly match products affected by previous American sanctions — such as by hitting U.S. distillers if French wines were targeted. The bloc could aim for areas where Boeing planes or parts are made.

The latest WTO decision is final, cannot be appealed, and puts the final word on a standoff dating back to 2006. It is just one part of a string of long-running disputes between the two plane-making giants at the WTO. And it sets the stage for what could become intense negotiation between the EU and U.S. to end what could become tit-for-tat transatlantic sanctions.

The arbitrators were tasked with setting a dollar value in sanctions such

02
Oct
2020
Posted in technology

Australia’s Therapeutic Goods Administration to undergo a AU$12m digital transformation

Australia’s Therapeutic Goods Administration (TGA) is getting a digital makeover, after the federal government announced on Friday it would invest AU$12 million over four years to make it happen.

As part of the revamp, TGA’s business systems and infrastructure will be digitised and cybersecurity measures will be bolstered.

Specifically, it will enable medical companies to use automatic data transfer to deliver drug reaction reports on patient safety from their own internal databases into the TGA Adverse Events Management System (AEMS) database, saving up to 15 minutes per report. This will be a change to the current process that requires reports that are submitted in PDF format, as well as other formats, to be manually entered into the database. 

See also: ADHA details My Health Record breach attempt

Minister for Health Greg Hunt touted the revamp would help cut red tape for more than 4,000 businesses that apply to register medicines and medical devices annually, saying it would result in earlier approvals of medical products.

“The TGA receives around 26,000 applications every year for medicines and medical devices to be listed or amended on the Australian Register of Therapeutic Goods (ARTG), which allows them to be imported, sold, and used in Australia,” he said.

“The digital changes will enable simpler and more secure interactions between government and industry to apply for, track, pay, and manage listings for regulated and subsidised health-related products and services.”

The program is being delivered as part of the federal government’s deregulation agenda, which has been designed to reduce the cost of doing business with government and performing regulatory compliance through targeted technology investment.

The agenda received just over AU$156 million when the Australian government handed down its 2019-20 Mid-Year Economic and Fiscal Outlook at the end of last year.

Earlier this week, the Morrison government announced