Since Garvey Schubert Barer’s founding in 1966, China has been a major focus of the firm’s practice. In 1979, Stan Barer and other GSB attorneys developed the legal strategy that led to the resumption of shipping between the U.S. and China after a thirty-year hiatus. The first Chinese ship to arrive in the United States sailed into the Port of Seattle, and the first American-flagged ship to sail to China was owned by a GSB client.
This strong alliance, forged and fostered by GSB, has led to Seattle’s importance in trade relations with China. China is Washington State’s major trade partner: in 2017, Washington State exported $18 billion in goods to China. The University of Washington and Tsinghua University have established a joint cross-disciplinary technological institute. President Xi Jinping visited only two locations in the United States: Seattle and Washington, D.C.
Do you have assets in foreign countries?
Are you or your spouse from another country?
Do you have a relative in another country moving to the U.S., buying U.S. property, or making a gift to someone in the U.S.?
Are you a green card holder thinking about moving back your home country?
If you answer “yes” to any of these questions, you may want to consider the significant challenges that state and federal legal and tax rules could present. Without a strategy in place, one may face being hit with hefty taxes or complications, which could be minimized with proper estate planning.
While United States businesses were embroiled in trade wars, Japan advanced The Comprehensive and Progressive Agreement for Trans-Pacific Partnership in 2018 without participation from the U.S. (TPP-11). Now, Japan and the European Union are celebrating the new EU-Japan Trade Agreement, which came into effect on February 1, 2019. Under this agreement, the EU and Japan reported that they have now become the largest open trade zone in the world.
Foster Garvey’s International practice group comprises a cross-disciplinary group of attorneys practicing in areas ranging from business transactions, immigration, maritime, government regulatory work, transportation and logistics and estate planning. The group members include bilingual and multicultural attorneys who are well-versed in handling these subject matters in a cross-border context. A number of attorneys have been actively practicing in the international arena since the early 1970s.