Trade Update – August 14, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
China PR	Wooden Bedroom Furniture	AD	Notification of preliminary results of changed circumstances review.
Italy	Forged Steel Fluid End Blocks	AD	Notification of final results of antidumping duty administrative review.
Brazil, Korea RP, Mexico, Poland	Emulsion Styrene-Butadiene Rubber	AD	Notification of continuation of antidumping duty orders.
Russia	Certain Cut-to-Length Carbon Steel Plate	AD	Notification of termination of suspension agreement and issuance of antidumping duty order.
Italy	Forged Steel Fluid End Blocks	CVD	Notification of final results of countervailing duty administrative review.
Taiwan	Certain circular welded carbon steel pipes and tubes and circular welded non-alloy steel pipe	AD	Notification of negative determination of circumvention of the antidumping duty orders.
Korea RP	Large Power Transformers	AD	Notification of initiation of changed circumstances review.
China PR	Foundry Coke Products	AD	Notification of final results of the expedited fourth sunset review.
Europe (European Commission)
China PR	Alkyl Phosphate Esters	AD	Notification of initiation of investigation.
United Kingdom (Trade Remedies Authority)
Egypt	Continuous filament glass fiber products	CVD	Notification of amended initiation of review investigation.

WTO, FTAs

• In a first, gender equality included in India’s FTA talks with EFTA.
• India-EU high-level meetings this month to review progress on FTA talks.
• Sri Lanka intends to join RCEP, and sign FTAs with ASEAN countries once debt restructuring completed.
• Paraguay President-elect: EU’s environmental demands in trade talks ‘unacceptable’.

TRADE POLICY

 Europe

• Lower energy prices and China’s sluggish economy boost EU trade.
• Poland challenges EU carbon border tax.
• La Liga, the Spanish football league has reported Paris Saint-Germain, a football club, to the European Commission for ‘distorting the market’ through subsidies received from Qatar, which are alleged to be against the European foreign subsidies regulation.

USA

• US-Japan whaling spat threatens Indo-Pacific Economic Framework.

India

• The Indian government is reviewing its FTAs with ASEAN, South Korea.
• India’s production-linked payouts to rise to ?13,000 crore in 2023.
• India’s first trial shipment of pomegranate exported to the US.

CUSTOMS

• Notification of extension of enforcement date for the quality control order (QCO) on cotton bales.
• Notification of a QCO on fire extinguishers.
• Notification of a QCO on cookware and utensils.
• Notification of a QCO on domestic gas stoves for use with piped natural gas.
• Notification of a QCO on wood-based boards.
• India has notified a draft QCO on Poly Vinyl Chloride Homopolymers at the WTO.
• India has notified a draft QCO on sports goods at the WTO.

SANCTIONS

• Biden issues an executive order restricting US outbound investment in advanced technologies involving certain countries of concern.
• US, Canada issue new sanctions against top Russian ally Belarus.
• US sanctions board members of Alfa Group, a Russian conglomerate.
• US sanctions Sinaloa Cartel members over fentanyl trafficking.

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.