Alerts & Updates 13th Feb 2023

Trade Update – February 13, 2023

Authors

Parthsarathi Jha Partner | New Delhi | Noida

Sanjay Notani Partner | Mumbai

Naghm Ghei

Mitul Kaushal

Divyashree Suri

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KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
Italy	Forged Steel Fluid End Blocks	AD	Determination that Lucchini Mame Forge S.p.A. (Lucchini), a producer/exporter subject to this administrative review, made sales of forged steel fluid end blocks (fluid end blocks) at less than normal value.
People’s Republic of China	Uncovered Innerspring Units	AD	Determination that Bomei Tex Ltd. (Bomei) and Saffron Living Co., Ltd. (Saffron Living), the two companies subject to this administrative review of the antidumping duty (AD) order on uncovered innerspring units (innersprings) from the People’s Republic of China (China), are part of the China-wide entity.
People’s Republic of China	Fresh Garlic	AD	Determination that Commerce finds that revocation of the antidumping duty (AD) order on fresh garlic (garlic) from the People’s Republic of China (China) would likely to lead to continuation or recurrence of dumping.
Republic of Korea	Corrosion-Resistant Steel Products	CVD	Determination that countervailable subsidies are being provided to producers and exporters of certain corrosion-resistant steel products from the Republic of Korea.
People’s Republic of China	Wooden Bedroom Furniture	AD	Determination that nine companies/ company groupings subject to this administrative review of the antidumping duty (AD) order on wooden bedroom furniture (WBF) from the People’s Republic of China (China) are part of the China-wide entity because they did not demonstrate eligibility for separate rates, and that seven companies/company groupings had no shipments of WBF during the period of review (POR), January 1, 2021, through December 31, 2021.
Malaysia	Certain Steel Nails	AD	Determination that certain steel nails from Malaysia were sold at less than normal value during the period of review, July 1, 2020, through June 30, 2021.
India (Directorate General of Trade Remedies)
People’s Republic of China	Industrial Laser Machine	AD	Publication of the list of registered parties in the Anti-dumping investigation on Industrial Laser Machine from China PR.
Indonesia, Malaysia, Thailand and Saudi Arabia	Saturated Fatty Alcohols	AD	Publication of final findings in the Anti-dumping investigation concerning the imports of Saturated fatty alcohols from Indonesia, Malaysia, Thailand, and Saudi Arabia.
Indonesia, Malaysia, Thailand and Saudi Arabia	Saturated Fatty Alcohol ILM	CVD	Publication of final findings in the Countervailing investigation concerning the imports of Saturated Fatty Alcohol from Indonesia, Malaysia, Thailand, and Saudi Arabia.

WTO, FTAs
TRADE POLICY

European Union
- EU-India Trade and Technology Council to lead on digital transformation, green technologies and trade.
- European Commission published the draft Implementing Regulation and notification forms relating to the EU Foreign Subsidies Regulation.
UK
- UK expects to reach a free trade deal with India and to enter the Trans-Pacific Partnership in 2023.
USA
- United States and Kenya conclude opening round under U.S.-Kenya Strategic Trade and Investment Partnership.
India
- India’s initiative on multilateralism and rule-based trade receives support from Norway.
- India seeks talks before WTO fixes e-commerce rules.
SANCTIONS

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 – February 13, 2023

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Trade Update – February 13, 2023

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Latest Thought Leadership

Note on Machinery and Electrical Equipment Safety

RBI proposes further changes to rules for investments in AIFs by Banks and NBFCs

Selling two homes? New tax ruling says you can still save on capital gains

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