Trade Update – August 1, 2022

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation			Particulars
USA (Department of Commerce/International Trade Commission)
South Korea and Taiwan	Polyester Staple Fiber	AD			USITC Makes Determinations in Five-Year (Sunset) Reviews concerning Polyester Staple Fiber from South Korea and Taiwan
India	Frozen Warmwater Shrimp	AD			Correction in the final results of the Antidumping duty administrative review of certain frozen warm water shrimp from India.
Thailand	Citric Acid and Certain Citrate Salts	AD			Final Results of Antidumping Duty Administrative Review of Citric Acid and Certain Citrate Salts from Thailand
Belgium, South Africa and Taiwan	Stainless Steel Plates	AD, CVD			Determination of CVD on Stainless Steel Plates from South Africa, Taiwan and Belgium
India	Finished Carbon Steel Flanges	AD			Final Results of Changed Circumstances Review in Finished Carbon Steel Flanges From India.
India	Stainless Steel Wire Rods	AD			Final Results of the Expedited Sunset Review of the Antidumping Duty Order in Certain Stainless Steel Wire Rods From India
Russia	Sodium Nitrite	CVD			Sodium Nitrite from Russia Injures U.S. Industry
Europe (European Commission)
Indonesia, Turkey	Stainless steel hot-rolled flat products		Anti-circumvention investigation	Initiating an investigation concerning possible circumvention of the anti-dumping measures imposed by Implementing Regulation (EU) 2020/1408 on imports of certain hot rolled stainless steel sheets and coils originating in Indonesia by imports of certain hot rolled stainless steel sheets and coils consigned from Turkey.
DGTR (Directorate General of Trade Remedies)
China	Saccharin		AD, CVD	Release of Final Findings concerning imports of Saccharin originating in the People’s Republic of China
China	High Tenacity Polyester Yarn		AD	Initiation of anti-circumvention investigation concerning alleged circumvention of anti-dumping duty imposed on imports of High Tenacity Polyester Yarn originating in or exported from China PR.
European Union, Korea RP and Thailand	Styrene Butadiene Rubber		AD	Release of Final Findings in the Sunset Review Investigation concerning imports of “Styrene Butadiene Rubber” originating in or exported from European Union, Korea RP and Thailand
Korea RP, Japan and Singapore	Electrogalvanized Steel		AD	Release of Final Findings in the anti-dumping investigation concerning imports of “Electrogalvanized Steel” from Korea RP, Japan and Singapore.

WTO, FTAs

• Bangladesh Keen to Accelerate CEPA Talks with India as it Confronts Economic Headwinds.
• EU wins WTO case against Turkey’s discriminatory practices on pharmaceuticals.
• Opening the WTO Chairs Programme (WCP) Annual Conference on 25 July in Geneva, Director-General, stressed at importance of implementing MC12 outcomes
• Deputy Director General Ellard urges prompt acceptance of Fisheries Subsidies Agreement.
• WTO members show restraint in trade-restrictive measures despite economic uncertainty.
• WTO high-level event examines how international cooperation can tackle illicit trade.
• The WTO Chairs Program Conference concludes with call for enhanced cooperation with policymakers.
• China Gives New Trade Concessions to Afghanistan.

TRADE POLICY

India

• India topped list of trade-related concerns at WTO in 2021 with 35% share
• India to Restart Ukraine Sunflower Oil Imports as Trade Eases.
• Sri Lanka’s economic crisis hits trade ties with India.
• India to work towards unlocking trade potential with Central Asia through Chabahar Port
• Gazette Notification for extension of enforcement date of Quality Control Orders (QCOs) of (i) Morpholine (ii) Acetic Acid (iii) Methanol (iv) Aniline

USA

• US law prompts review of trade links of with Xinjiang regarding cotton production.
• United States Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo will host a virtual ministerial as the Biden Administration continues to develop the Indo-Pacific Economic Framework for Prosperity (IPEF).
• U.S. raises trade concerns over Canada’s online-streaming bill.
• United States Bureau of Industry and Security (BIS) announces new policy changes to strengthen its existing administrative enforcement program.

Europe

• Europe’s new trade flows for coal shaping up as import ban on Russia looms

UK

• New UK parliamentary panel to promote trade, investment ties with India.

CUSTOMS

• Amendment in Standard Input Output Norms (SION) of engineering group.
• Relaxation in provision of submission of ‘Bill of Export’ as an evidence of export obligation discharge for supplies made to SEZ units in case of EPCG Authorization-reg.
• Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
• DGFT clarifies regarding Non-Ferrous Metal Import Monitoring System (NFMIMS)

SANCTIONS AND EXPORT CONTROL

• EU adopts seventh package of Russia sanctions.
• EU court rejects RT France’s challenge to EU sanctions
• Canada introduces an import ban on the trade of certain gold goods with Russia and designates 29 new individuals and 15 entities involved in disinformation activities.

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.