Trade Update – April 10, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
India (Directorate General of Trade Remedies)
People’s Republic of China	Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel	CVD	Notice of finding that Commerce (Commerce) finds that revocation of the countervailing duty (CVD) order on certain cold-drawn mechanical tubing of carbon and alloy steel (cold-drawn mechanical tubing) from the People’s Republic of China (China) would be likely to lead to continuation or recurrence of countervailable subsidies.
People’s Republic of China	Certain Large Vertical Shaft Engines Between 225cc and 999cc	AD	Notice of finding that (Commerce) continues to find that Honda Power Products (China) Co., Ltd. (Honda), the sole company subject to the administrative review of the antidumping duty order on certain large vertical shaft engines between 225cc and 999cc, and parts thereof (large VSE) from the People’s Republic of China (China) covering the period of review (POR) August 19, 2020, through February 28, 2022, is not eligible for a separate rate and, thus, is part of the China-wide entity.
People’s Republic of China	Multilayered Wood Flooring		Notice of finding that Commerce (Commerce) finds that revocation of the antidumping duty (AD) order on Multilayered Wood Flooring (MLWF) from the People’s Republic of China (China) would be likely to lead to a continuation or recurrence of dumping.
Republic of Korea	Acetone	AD	Notice of finding that Kumho P&B Chemicals, Inc. (KPB) and LG Chem, Ltd. (LG Chem), did not make sales of subject merchandise at less than normal value during the period of review (POR) March 1, 2021, through February 28, 2022.
People’s Republic of China	Ammonium Sulfate	AD, CVD	Notice that revocation of the antidumping duty (AD) and countervailing duty (CVD) orders on ammonium sulfate from the People’s Republic of China (China) would be likely to lead to the continuation or recurrence of dumping, net countervailable subsidies, and material injury to an industry in the United States.
Republic of India	Certain New Pneumatic Off-the-Road Tires	CVD	Notice that countervailable subsidies were provided to producers and/or exporters of certain new pneumatic off-the-road tires (OTR tires) from India, during the period of review (POR) January 1, 2021, through December 31, 2021.
USA (Department of Commerce/International Trade Commission/International Trade Administration)
China PR	High Tenacity Polyester Yarn	AD	Notice of publication of final findings in the matter pertaining to High Tenacity Polyester Yarn originating in or exported from China PR.
China PR	Flax Yarn	AD	Notice of initiation in the anti-dumping investigation concerning imports of Flax Yarm originating in or exported from China PR.
China PR	Easy open ends of tin plate, including electrolytic tin plate (ETP), measuring 401 Diameter (99MM) and 300 Diameter (73MM) in dimension	AD	Notice of initiation in the anti-dumping investigation concerning imports of Easy open ends of tin plate, including electrolytic tin plate (ETP), measuring 401 Diameter (99MM) and 300 Diameter (73MM) in dimension originating in or exported from China PR.

 

WTO, FTAs

• DDG Ellard urges prompt acceptance of Fisheries Subsidies Agreement, completion of talks.
• Investment facilitation talks resolve remaining issues in Annex to Draft Agreement.
• China and Singapore complete substantial negotiations on FTA upgrade.
• India-Canada conclude 7th round of talks on Early Progress Trade Agreement.
• India argues at WTO in favour of its MSP scheme for foodgrain.

TRADE POLICY

 European Union

• New EU-UK trade deal has promise for Northern Ireland and US as well.
• OECD members agree to EU initiative to modernise export credits.
• EU-Japan trade surges 13% after catching up to pre-pandemic levels.

USA

• US grants FTA status for Japan under new EV tax credit rules.

India

• Russia’s deputy PM Manturov to visit India for key trade talks.

UK

• New EU-UK trade deal has promise for Northern Ireland and US as well.

SANCTIONS

• Japan to deprive Russia of “MFN status” for another year
• Japan rejects Russian Sovcombank’s allegation that sanctions are illegal
• Venezuela opposition envoy urges Biden to ease oil sanctions

BIS Updates

• India has notified 7 Quality Control Orders to the WTO, containing some MSME-specific provisions
• Grant of Global First License for “Specification for Polypropylene (PP) Materials for Moulding and Extrusion” as per IS 10951 : 2020.

For a complete overview of product standardization in India, including product categories where compliance is mandatory, click this link.

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