Alerts & Updates 9th Jan 2023

Trade Update – January 9, 2023

Authors

Sanjay Notani Partner | Mumbai

Parthsarathi Jha Partner | New Delhi | Noida

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)
China, Germany, India, Italy, South Korea, and Switzerland	Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel	AD/CVD	Institution of Five Year Reviews of Anti-dumping duty orders and countervailing duty orders on imports of Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel from China, Germany, India, Italy, South Korea, and Switzerland.
India	Stainless Steel Wire Rods	AD	Notice of continuation of anti-dumping duty order on imports of Stainless Steel Wire Rods from India pursuant to determinations by the U.S. Department of Commerce (Commerce) and the U.S. International Trade Commission (ITC) that its revocation would likely lead to a continuation or recurrence of dumping and material injury to an industry in the United States.
India	Barium Chloride	CVD	Final Affirmative Determination of countervailable subsidies being provided to producers and exporters of barium chloride from India.
India	Barium Chloride	AD	Final Determination of barium chloride from India not being, or not being likely to be, sold in the United States at less than fair value (LTFV).
India	Sodium Nitrate	AD	Final Affirmative Determination of sodium nitrate from India being or being likely to be, sold in the United States at less than fair value (LTFV).
India	Sodium Nitrate	CVD	Final Affirmative Determination of countervailable subsidies being provided to producers and exporters of sodium nitrate from India.
India (Directorate General of Trade Remedies)
People’s Republic of China	Fishing Net	AD	Continuation of anti-dumping duty imposed vide Ministry of Finance (Department of Revenue) No. 20/2018-Customs(ADD), dated April 10, 2018 for a period of three months.

TRADE POLICY

USA
- The United States rejects the Panel Report issued in United States – Certain Measures on Steel and Aluminum Products (DS544, 552, 556, and 564).
- Indo-US Trade Policy Forum To Meet On January 11 In Washington
European Union
- EU member states to not import fishery products from Cameroon.
India
- India may increase the basic customs duty on 35 items in the upcoming Budget.
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 – January 9, 2023

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Trade Update – January 9, 2023

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Latest Thought Leadership

SEBI-registered research analysts, investment advisors face new threat of identity theft. What’s the way out?

How the new rules notified by the Competition regulator could impact M&As

The Revamped Indian Merger Control Regime

GST council meeting: What to expect

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