OFAC Authorizes Imports of Products of Burma
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has issued General License No. 18, authorizing the importation of products from Burma. The General License can be relied on by U.S. and non-resident importers into the U.S. to increase U.S.-Burma trade. The only items not authorized for importation under General License No. 18 are jadeite or rubies mined or extracted from Burma or jewelry containing jadeite or rubies mined or extracted from Burma, unless these items are being reimported to the U.S. by the same party that exported them and they are reimported in the same condition and are of the same value as when exported from the U.S.
Importantly, General License No. 18 states that “product of Burma” has the meaning ascribed to it under the rules of origin set forth by U.S. Customs and Border Protection (CBP). The rules of origin for Customs purposes can require a complex analysis of the imported article and should be carefully addressed by importers of products from Burma so as to not violate the terms of General License No. 18.
For questions or assistance with importing products of Burmese origin into the U.S., including rule of origin questions, and other assistance with OFAC regulations, sanctions, and licenses and Customs issues, please contact Jon P. Yormick, Attorney and Counsellor at Law, email@example.com.