Alerts & Updates 23rd May 2022

Trade Update – May 23, 2022

Authors

Sanjay Notani Partner | Mumbai

Parthsarathi Jha Partner | New Delhi | Noida

Naghm Ghei Principal Associate | Delhi NCR

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KEY TRADE REMEDIAL UPDATES

Product		Subject countries	Investigation	Particulars
USA (Department of Commerce/International Trade Commission)
Steel Nails	India, Sri Lanka, Thailand & Turkey		Anti-dumping Duty (AD) investigation	Postponement of Preliminary Determinations in the Less-Than-Fair-Value Investigations
Barium Chloride	India		AD investigation	Postponement of Preliminary Determinations in the Less-Than-Fair-Value Investigation
Seamless Refined Copper Pipe	China & Mexico		Continuation of AD	Final determination of likelihood of continuation or recurrence of dumping
Freight Rail Coupler Systems and Components	China		Countervailing Duty (CVD)	USDOC issues final affirmative Countervailing Duty Determination
Coated Paper Suitable or High-Quality Print Graphics using Sheet-Fed Presses	China and Indonesia		AD & CVD	USITC issues determination of continuation or recurrence of material injury on revocation of AD & CVD

WTO, FTAs
India
- Unfair to blame wheat inflation on export curbs: India to WTO
- Russia takes first steps to withdraw from WTO, WHO
EU
- EU and the Union of Comoros sign deal concluding their bilateral market access negotiations on services and goods as part of Comoros’ accession process to the WTO
UK
- UK kicks off talks on modern trade deal with Mexico
- Joint Statement issued on UK-Colombia trade dialogue
TRADE POLICY

India
- RBI approves trade transactions between India and Sri Lanka to be settled in Indian rupee outside the Asian Clearing Mechanism
USA
- S.-EU Trade and Technology Council Establishes Economic and Technology Policies & Initiatives
CUSTOMS
SANCTIONS AND EXPORT CONTROL
- G7 Foreign Ministers released a statement on Russia sanctions stating that sanctions will not target essential exports of food and agricultural inputs to developing countries and include measures to avoid negative consequences for the production and distribution of food.
USA
- OFAC designated alleged ISIS financial facilitators and issued Syria General Licence
EU
UK

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 – May 23, 2022

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Trade Update – May 23, 2022

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Latest Thought Leadership

SCOMET Update 2024: Amendment in Appendix 3 (SCOMET items) to Schedule – 2 of ITC (HS) Classification of Export and Import Items, 2018

MSME credit model aims to eliminate external ratings

Consultation Paper on the Review of the Securities and Exchange Board of India (Informal Guidance) Scheme, 2003

An Analysis of Default Evidence under IBC, 2016: Key Provisions, Judicial Interpretations, and Procedural Requirements

Privacy Policy