Trade Update – December 5, 2022

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
France	Certain Preserved Mushrooms	AD	Final Affirmative Determination of Sales at Less Than Fair Value.
Brazil, the Republic of Korea, Mexico, and Poland	Emulsion Styrene-Butadiene Rubber	AD	Final Results of the Expedited First Sunset Reviews of the Antidumping Duty Orders.
South Korea	Ferrovanadium	AD	Continuation of Antidumping Duty Order.
Turkey	Hot-Rolled Steel Flat Products	AD	Denial of Request To Institute a Section 751(b) Review; Denial of Request To Institute a Section 751(b) Review or Reconsideration Proceeding Concerning the Commission’s Affirmative Determination in Investigation No. 731–TA–1296 (Final), Hot-Rolled Steel Flat Products From Turkey
China	1-Hydroxyethylidene-1,1-Diphosphonic Acid	AD, CVD	Continuation of Antidumping Duty Order and Countervailing Duty Order
China, India, and Vietnam	Paper File Folders	CVD	Determined that there is a reasonable indication that an industry in the United States is materially injured by reason of imports of paper file folders from China, India, and Vietnam provided for in subheading 4820.30.00 of the Harmonized Tariff Schedule of the United States, that are alleged to be sold in the United States at less than fair value (‘‘LTFV’’) and to be subsidized by the government of India.
European Union (European Commission)
China	Hand pallet trucks	AD	Notice of initiation of an expiry review of the anti-dumping measures
Erga Omnes	Steel products (certain)	Safeguards	Notice of Initiation concerning a review of the safeguard measure applicable to imports.
United Kingdom (Trade Remedies Authority)
China	Electric bicycles	AD	Final determination.
Directorate General of Trade Remedies (DGFT)
Bangladesh and Nepal	Jute Products	AD	Corrigendum to Final Finding Notification No. 7/09/2021 dated 30.09.2022 in respect of the sunset review investigation.
China, South Korea and Thailand	Cast Aluminum Alloy Wheels or Alloy Road Wheels (ARW) used in motor vehicles, whether or not attached with their accessories, of a size in diameters ranging from 12 inches to 24 inches	AD	Revision of anti-dumping duty pursuant to the mid-term final findings dated August 30, 2022.

WTO, FTAs

• India-Australia FTA to kick off on Dec 29, boost trade relations for decades to come
• India EU free trade agreement: Third round of talks starts today
• E-commerce negotiators vow to intensify work in coming year
• Members put trade facilitation support in sharper focus, aim to close gaps in next 2 years
• WTO issues 2022 edition of flagship statistical publication

TRADE POLICY

India

• Finance Ministry to hold talks with Banks and stakeholders to promote cross border trade in Rupee
• Sanctions hit Russia has asked India to supply parts for cars, trains, and aircrafts
• Imports of Indian tea and basmati were suspended by Iran amidst internal turmoil
• UAE emerges as second largest importer of tea from India
• India, Australia FTA to come into force from December 29

EU

• EU and Korea sign Digital Trade Principles,as well as agreeing to the addition of 85 new geographical indications to the EU-Korea Trade Agreement
• European officials object to Biden’s green subsidies as protectionist

UK

• UK and Ukraine agree ground-breaking digital trade deal

USA

• USA, EU conclude first Ministerial Meeting of the Large Civil Aircraft Working Group
• USA to expand solar panel tariffs after probe finds Chinese evasion

CUSTOMS

• Withdrawal of several standards relating to chemical analysis and the testing of metals
• Establishment and updation of several standards relating to consumer products, the textiles industry, and chemicals
• Issuance of an amendment to the standard on Hot Dip Aluminium

SANCTIONS

• Switzerland implements eighth EU sanctions package and adds UK to certain carve-outs
• EU decides to criminalise violations of EU sanctions
• Canada releases new version of “A Guide to Canada’s Export Control List” effective from December 21, 2022
• OFAC issues directives on Russian Crude Oil-related 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