Trade Update – August 29, 2022

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
India	Steel Nails	CVD	Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from India.
Sri Lanka	Steel Nails	CVD	Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from Sri Lanka.
Thailand	Steel Nails	CVD	Issuance of Negative Countervailing Duty Determination notice of Certain Steel Nails from Thailand.
Turkey	Steel Nails	CVD	Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from Turkey.
Oman	Steel Nails	CVD	Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from Oman.
Russia	Sodium Nitrite	CVD	Issuance of Countervailing Duty Order of Sodium Nitrite from the Russian Federation.
Taiwan	Stilbenic Optical Brightening Agents	AD	Determination of Final Results of Antidumping Duty Administrative Review of Certain Stilbenic Optical Brightening Agents From Taiwan.
Brazil, South Africa	Lemon Juice	AD	Scheduling of the Final Phase of Anti-Dumping Duty Investigations of Lemon Juice from Brazil and South Africa.
China	Vertical Shaft Engines between 225cc and 999cc	AD	Circulation of Final Results of Changed Circumstances Review of Antidumping Duty Order on Certain Vertical Shaft Engines Between 225cc and 999cc, and Parts Thereof from the People’s Republic of China.
China	Wooden Cabinets and Vanities	CVD	Issuance of Final Results and Partial Rescission of Countervailing Duty Administrative Review of Wooden Cabinets and Vanities and Components Thereof from the People’s Republic of China.
Argentina	White Grape Juice Concentrate	LTFV	Notice of Postponement of Preliminary Determination in the Less Than-Fair-Value Investigation White Grape Juice Concentrate from Argentina.
Brazil, China, India, Japan, the Republic of Korea, and the United Kingdom	Cold-Rolled Steel Flat Products	AD	Determination of continuation of Antidumping Duty Orders in the Cold-Rolled Steel Flat Products from China, Japan, Korea, and UK.
		AD, CVD	Determination of continuation of Antidumping and Countervailing Duty Orders in the Cold-Rolled Steel Flat Products from India.
		AD, CVD	Revocation of Antidumping and Countervailing Duty Orders in the Cold-Rolled Steel Flat Products from Brazil.
India	Welded Carbon Steel Standard Pipes	AD	Preliminary Negative Determinations of Circumvention of the Antidumping Order in Certain Welded Carbon Steel Standard Pipes and Tubes from India.
China	Common Alloy Aluminium Sheet	AD, CVD	Circulation of Initiation of Circumvention Inquiry of the Antidumping and Countervailing Duty Orders in Common Alloy Aluminium Sheet from the People’s Republic of China.
Indonesia	Monosodium Glutamate	AD	Issuance of Final Results of Changed Circumstances Review Monosodium Glutamate from the Republic of Indonesia.
China	Wooden Bedroom Furniture	AD	USITC makes determination in Five-Year (Sunset) Review concerning Wooden Bedroom Furniture from China.

 

WTO, FTAs

• Britain and Ukraine Launch Talks on Digital Trade.
• WTO Goods Trade Indicator Stable as Growth Stagnates.
• Korea to Review Filing WTO Complaint Over U.S. Inflation Reduction Act.
• United States and Chile Convene 9th Meeting of the Environmental Affairs Council Under the U.S.-Chile Free Trade Agreement.
• Mexico Expects EU Trade Deal to Be Approved in 2022.
• Mexico Hopes Deal Possible in U.S. Trade Dispute Before Panel.

TRADE POLICY

India

• Russian banks line up for customised trade a/cs with Indian lenders
• Amendment in Import Policy Artemia Cyst under ITC (HS) Code 0511 91 40.
• Amendment in Export Policy of items under HS code 1101.

USA

• Trade Court Frees Thai Line Pipe from Anti-Dumping Duties.
• USA and Japan held the second round of meetings of the United States-Japan Partnership on Trade .
• United States to Host Indo-Pacific Economic Framework Ministerial.
• USITC institutes Section 337 Investigation of certain Soft Projectile Launching Devices, Components Thereof, Ammunition, and Products containing same.
• New Electric Vehicle Tax Credits Raise Talk of Trade War.
• Climate Change, Marine Life Top US-Chile Enviro Goals.

Europe

• EU calls for tender for Trade Sustainability Impact Assessment (SIA) in Support of Negotiations with India.
• Russia Burns Gas into the Atmosphere while cutting supplies to EU.

UK

• UK and Qatar ministers meet today for the third Joint Economic and Trade Committee (JETCO) in London, to bolster bilateral trade and investment ties across both nations.
• Britain imports no energy from Russia for first time on record.

CUSTOMS

• Amendment in the procedure for compounding of offences under Customs Act, 1962.
• Amendment in the Customs (Compounding of Offences) Rules 2005.
• Notification of Hydrogen Peroxide Quality Control Order, 2022

SANCTIONS AND EXPORT CONTROL

• Turkey Dismisses ‘Meaningless’ Concerns Over U.S. Sanctions Warning.
• US BIS adds Foreign-Produced Aircraft to list of Aircraft exported to Russia in Apparent Violation of the EAR and OFAC Issues New and Amended Russia General Licenses.
• Canada Introduces Additional Designations on 62 Russian Government Officials and Their Family members, and 1 Defence Sector Entit
• The Ukrainian law on cancelling marketing authorizations due to ties with Russian/Belarusian pharmaceutical manufacturing became applicable

 

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