Trade Update – December 11 , 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
China	Hydrofluorocarbon Blends	AD	Preliminary results determining circumvention of antidumping duties by way of Turkey.
China	Hydrofluorocarbon Blends	AD	Preliminary results determining circumvention of antidumping duties by way of Malaysia.
China	Chlorinated Isocyanurates	CVD	Preliminary results of administrative review determining grant of countervailable subsidies.
India	Silicomanganese	AD	Final results of administrative review determining dumping.
Taiwan	Corrosion-Resistant Steel Products	AD	Final results of administrative review determining no dumping.
India	Welded Stainless Pressure Pipe	AD	Preliminary results of administrative review determining dumping.
China	Non-Refillable Steel Cylinders	AD	Final results of administrative review determining dumping and no sales by one company.
China	Forged Steel Fittings	AD	Preliminary results of administrative review determining dumping and no sales by certain companies.
China	Fresh Garlic	AD	Preliminary results of administrative review determining no dumping and preliminary rescission of review.
United Kingdom (Trade Remedies Authority)
Turkey	Ironing Boards	CVD	Initiation of reconsideration proceedings.

WTO, FTAs

• IRENA-WTO report highlights role of trade in developing green hydrogen markets of origin for least developed countries.
• WTO monitoring shows export restrictions persist even as trade-facilitating trend continues.
• Steel Standards Principles receive further endorsements.
• WTO, IICA to deepen cooperation on farm trade, food security in Latin America and Caribbean.
• Singapore signs free trade agreement with Mercosur at the Rio summit.
• European wine and spirit companies eye zero duty imports in India-EU FTA.
• EU considers restarting steel dispute against US at WTO.
• UK PM Rishi Sunak’s officials in Delhi to discuss India-UK free trade agreement.
• India, UK seek to wrap up trade talks before busy election year.
• India seeks to settle WTO import duty dispute with EU on ICT goods through free trade talks.

TRADE POLICY

EU

• EU expected to warn China over stopping dumped and subsidized goods.
• EU set to suspend Brexit tariffs on EVs for three years in major boost for car industry.
• EU and China engage in verbal spat at COP28 over the CBAM.
• EU and member states launch global “Team Europe Initiative” on deforestation-free value chains.

UK

• UK foreign secretary travels to US to reaffirm support for UK-US relationship and cooperation for Ukraine.
• UK signs agreement to rejoin EU’s Horizon science program.

USA

• US and Vietnam hold Trade and Investment Framework Agreement meeting.
• DHS designates three additional China based companies to the Uyghur Forced Labor Prevention Act entity list.
• US ‘beginning’ internal discussions about renewing North American Free Trade Agreement.

India

• Minister Piyush Goyal says India will address EU’s carbon tax issue; will retaliate if required.
• India to receive trade ministers from Switzerland, Norway for ‘critical talks’ regarding India-EFTA trade and investment agreements this week.
• India to host 27th WAIPA World Investment Conference in New Delhi.
• India clinches top spot in IMO Council re-election, commitment to global seaborne trade leadership.
• India’s forex reserves touch four-month high at $604 billion: RBI.
• Trade bodies of Bangladesh and India raise demands for import through Mahadipur port.

CUSTOMS

• Notification of amendment of import policy for yellow peas.
• Notification of amendment of export policy for onions.
• Notification of exports of non-basmati white rice to certain countries by National Cooperative Exports Limited.
• Notification of quality control orders for certain woven sacks.
• Bureau of Indian standards has notified revised prices for procurement of product standards.

SANCTIONS

• Russian defense procurement network added to US sanctions designations.
• S. designates additional individuals from Afghanistan, Central African Republic, Congo, Haiti, Iran, Liberia, China, South Sudan and Uganda as perpetrators of human rights abuse.
• US and the UK sanction members of Russian state intelligence-sponsored advanced persistent threat group.
• US sanctions money lending network to Yemen’s Houthi rebels, looks to boost maritime protections.
• US Treasury sanctions individuals and companies related to drug trafficking organization Beltrán Leyva Organization.
• UK creates unit to clamp down on companies evading Russian sanctions.

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.