Trade Update – August 28, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
Canada	Certain Softwood Lumber Products	AD	Notification of final results of antidumping duty changed circumstances review.
China	Utility Scale Wind Towers	CVD	Notification of rescission of countervailing duty administrative review.
India	Polyethylene Terephthalate Film, Sheet, and Strip	AD	Notice of initiation of a changed circumstances review of the antidumping duty.
Germany	Certain Small Diameter Seamless Carbon and Alloy Standard, Line and Pressure Pipe	AD	Notice of continuation of antidumping duty order.
China	Crystalline Silicon Photovoltaic Cells	AD, CVD	Notice of final scope determination and final affirmative determinations of circumvention with respect to Cambodia, Malaysia, Thailand, and Vietnam.
Indonesia	Mattresses	CVD	Notice of initiation of countervailing duty investigation.
Bosnia and Herzegovina, Bulgaria, Burma, India, Italy, Kosovo, Mexico, Philippines, Poland, Slovenia, Spain, and Taiwan	Mattresses	AD	Notice of initiation of less than fair value investigation.
Belarus, Italy, the Republic of Korea, the Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom	Carbon and Certain Alloy Steel Wire Rod	AD	Notice of continuation of anti-dumping duty orders.
China PR, Thailand, Viet Nam	Certain Collated Steel Staples	AD, CVD	Notice of preliminary affirmative determinations of circumvention.
China PR	Certain Steel Nails	AD	Notice of preliminary results of antidumping duty administrative review.
China PR	Light-Walled Rectangular Pipe and Tube	AD	Notice of final results of antidumping duty administrative review..
Taiwan	Corrosion-Resistant Steel Products	AD	Notice of third amended final determination of sales at less than fair value.
Canada	Certain Softwood Lumber Products	AD	Notification of final results of antidumping duty changed circumstances review.
Europe (European Commission)
Kazakhstan, Russia and Turkey	Birch Plywood	AD	Notification of initiation of anti-circumvention investigation.

WTO, FTAs

• Hong Kong, China formally accept agreement on fisheries subsidies.
• WTO issues panel report regarding Chinese duties on Australian barley.
• Goods barometer signals upturn in trade backed by strong auto demand.
• DG Okonjo-Iweala to G20: time to roll up our sleeves and deliver at MC13.
• Sweden gives SEK 15 million to help developing economies deepen their trade
• India, US close to resolving their sole remaining WTO dispute on poultry.
• G20 agrees to work on WTO reforms ahead of key meet early next year.
• BRICS urges restoration of WTO dispute settlement system.
• Taiwan to take PRC mango ban to WTO.
• Indonesia calls for WTO dispute consultation over EU palm import duties

TRADE POLICY

USA

• Donald Trump raises India tax issue, threatens reciprocal tax upon returning to power.
• US announces preliminary tariffs on foreign tin used in canning seafood.
• US extends China chip curb waiver for Taiwan and South Korea’s fabs .

UK

• UK urged to give clarity on potential delay to Brexit border checks

India

• India may junk 2016 model for bilateral investment treaties with UK, EU.
• Onion buffer raised to 0.5 MT; procurement stepped up.
• India’s central bank urges lenders to de-dollarize trade with the UAE using local currencies.
• India, Iran drop arbitration clause for Chabahar port.
• India considers mutual recognition agreement to expedite cargo clearance process
• Indian steel tycoon Jindal seeks tariff on imports.
• With Tesla push, India mulls import tax cut if EV makers build locally.
• Steel ministry to review CBAM preparedness of India’s steel mills.
• India, ASEAN to conclude trade pact review by 2025.

CUSTOMS

• Notification of an export tariff of 20% on parboiled rice.
• Notice of a quality control order (QCO) on solar DC and fire survival cables.
• Notification of a QCO on cast iron products.
• Notification of a draft QCO on safes, deposit lockers, and key locks at the WTO.

SANCTIONS

• EU’s 11th sanctions package against Russia seeks to prevent the circumvention of sanctions.
• The UK government levied a £1 million fine on an unnamed exporter for breach of Russia sanctions.
• US sanctions military leaders accused of exacerbating violence in eastern Congo.
• EU concerned with Indian petroleum products made from Russian crude oil being exported to its market.
• US Treasury expands Myanmar-related sanctions and designates additional jet fuel suppliers in Myanmar.

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.