The Hidden Trade Barrier: Sinosure’s Export Credit Insurance Blacklist China’s Sinosure, a major (virtually the only) provider of export credit insurance to China’s factories, plays an instrumental role in facilitating trade between Chinese suppliers and international buyers. However, there’s an under-discussed aspect of their operations that is detrimental for certain countries: the so-called “country blacklist”.
If your company buys products from China, you’ve probably heard of Sinosure, but you probably do not know much about it. This Chinese state-owned export credit insurance company actively pursues overseas companies for alleged unpaid debts on behalf of Chinese manufacturers. In this post, we’ll explain what Sinosure is, how its approach has changed recently,
The international lawyers at my law firm have been increasingly fielding inquiries from companies looking to diversify their supply chains away from China. Many of these companies are looking to move their China manufacturing to Southeast Asia. To help our clients moving to or already in Southeast Asia, I recently went to Vietnam, Indonesia, and
How to Protect Your IP with International NNN Agreements If you are a US company that wants to do business with a foreign company, you may need to share some of your intellectual property (IP) with them. This could include your trade secrets, designs, prototypes, formulas, or other confidential information. However, sharing your IP can
About a decade ago, I gave a speech on software outsourcing at a major software event. Last week, I found my outline for that speech and this post is based on that outline, revised and updated. It is largely based on my experiences and what I have learned from talking with clients and other businesses
July 12, 2023, Update I almost never update and re-run a blog post, but this will be the second time I have done so with this one, which shows how relevant, yet ever-changing the issue of China factory pricing is — especially since I updated it only about a month ago. Since I wrote this
Issue Orientation As the US relationship with China deteriorates across the political, military, economic, and trade dimensions, US companies with manufacturing operations in China are increasingly seeking out strategies to diversify supply chains, mitigate compliance risk, minimize duty exposure, reduce costs, and manage uncertainty. Though several approaches have been pursued since the inception of the
Are you currently sourcing products from China or Southeast Asia? Though these regions have long been popular choices for businesses seeking cost-effective manufacturing, it’s time to consider Mexico as an alternative. Mexico has emerged as a top destination for global trade, attracting companies with its favorable business practices, vibrant culture, and strategic location. In this
China’s economy and its manufacturing are in what is increasingly looking like a long-term decline. I attribute most of this to two things that will almost certainly continue to worsen: geopolitics and demographics. On the geopolitical front, Blinken did JUST meet with Xi and they said nice things that will reduce the likelihood of war,
On May 31, 2023, the Coalition for Fair Trade in Shopping Bags, consisting primarily of Novolex Holdings (“Novolex”) and the union workers at the U.S. paper shopping bag manufacturing facilities, filed antidumping (AD) and countervailing duty (CVD) petitions against Paper Shopping Bags from nine countries. China is the largest exporter of the subject shopping bags,
