Alerts & Updates 22nd Aug 2022

Trade Update – August 22, 2022

Authors

Parthsarathi Jha Partner | New Delhi | Noida

Sanjay Notani Partner | Mumbai

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KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
China	Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules	CVD	Final Results of Administrative Review of Countervailing Duty on imports of Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled Into Modules from China
India, Italy, the People’s Republic of China, the Republic of Korea, and Taiwan	Corrosion-Resistant Steel Products	AD, CVD	Continuation of Anti-dumping and Countervailing Duties on imports of Corrosion-Resistant Steel Products from India, Italy, the People’s Republic of China, the Republic of Korea, and Taiwan.
India	Sodium Nitrite	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Sodium Nitrite from India
India	Barium Chloride	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Barium Chloride from India
China, South Korea	Certain Cold-Rolled Steel Flat Products	CVD	Continuation of Countervailing Duty Orders on imports of Certain Cold-Rolled Steel Flat Products from China and South Korea
Taiwan and South Korea	Polyester Staple Fiber	AD	Continuation of Anti-dumping Duties on Polyester Staple Fibre from Taiwan and South Korea
United Kingdom
China	Aluminium Extrusions	AD	Provisional Determination in the anti-dumping investigation concerning imports of Aluminium Extrusions from China
DGTR (Directorate General of Trade Remedies)
China	Ofloxacin and its intermediates	AD	Final Findings in the anti-dumping investigation concerning imports of Ofloxacin and its intermediates from China
China, South Korea	Ursodeoxycholic Acid (UDCA)	AD	Imposition of anti-dumping duties on the imports of Ursodeoxycholic Acid (UDCA) from China and South Korea

WTO, FTAs
- Joint Statement by Canada’s Minister, Mary Mg and Mexico’s Secretary, Tatiana Clouthier following Canada-Mexico High Level Economic Dialogue
- The US and Taiwan to Initiate Talks on Trade and Economic Collaboration to Deepen Ties Amid Opposition from China
TRADE POLICY

India
- FTA Provisions to Prevail Over Municipal Rules of Origin in Case of Conflicts
- Export of Rice to EU Member States and other European Countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland Will Only Require Certificate of Inspection from EIA/EIC
USA
- Around USD 369 Billion of Federal Funds to Flow into Climate Change and Energy Security
Europe
- Latvia and Estonia Cease Participation in A Cooperation Group Between China and Central and Eastern European Countries, “16+1”
- UK Launches New Developing Countries Trading Scheme to Replace GSP
SANCTIONS AND EXPORT CONTROL
- The U.S. Bureau of Industry and Security Issued Charging Letter Against Chinese Company Far East Cable for Violating U.S. Export Controls Related to Shipments To Iran

Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice. This document is not intended to address the circumstances of any individual or corporate body. Readers should not act on the information provided herein without appropriate professional advice after a thorough examination of the facts and circumstances of a situation. There can be no assurance that the judicial/quasi-judicial authorities may not take a position contrary to the views mentioned herein.

Trade Update – August 22, 2022

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Recent Developments in Direct Tax – January 31, 2025

New tax regime: Is this still better to invest in PPF, NSC, ELSS instead of fixed deposits?

SEBI proposes to allow Cat II AIFs invest more than 50% of the investible funds in listed securities, but there’s a catch

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