Trade Update – February 13, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
Italy	Forged Steel Fluid End Blocks	AD	Determination that Lucchini Mame Forge S.p.A. (Lucchini), a producer/exporter subject to this administrative review, made sales of forged steel fluid end blocks (fluid end blocks) at less than normal value.
People’s Republic of China	Uncovered Innerspring Units	AD	Determination that Bomei Tex Ltd. (Bomei) and Saffron Living Co., Ltd. (Saffron Living), the two companies subject to this administrative review of the antidumping duty (AD) order on uncovered innerspring units (innersprings) from the People’s Republic of China (China), are part of the China-wide entity.
People’s Republic of China	Fresh Garlic	AD	Determination that Commerce finds that revocation of the antidumping duty (AD) order on fresh garlic (garlic) from the People’s Republic of China (China) would likely to lead to continuation or recurrence of dumping.
Republic of Korea	Corrosion-Resistant Steel Products	CVD	Determination that countervailable subsidies are being provided to producers and exporters of certain corrosion-resistant steel products from the Republic of Korea.
People’s Republic of China	Wooden Bedroom Furniture	AD	Determination that nine companies/ company groupings subject to this administrative review of the antidumping duty (AD) order on wooden bedroom furniture (WBF) from the People’s Republic of China (China) are part of the China-wide entity because they did not demonstrate eligibility for separate rates, and that seven companies/company groupings had no shipments of WBF during the period of review (POR), January 1, 2021, through December 31, 2021.
Malaysia	Certain Steel Nails	AD	Determination that certain steel nails from Malaysia were sold at less than normal value during the period of review, July 1, 2020, through June 30, 2021.
India (Directorate General of Trade Remedies)
People’s Republic of China	Industrial Laser Machine	AD	Publication of the list of registered parties in the Anti-dumping investigation on Industrial Laser Machine from China PR.
Indonesia, Malaysia, Thailand and Saudi Arabia	Saturated Fatty Alcohols	AD	Publication of final findings in the Anti-dumping investigation concerning the imports of Saturated fatty alcohols from Indonesia, Malaysia, Thailand, and Saudi Arabia.
Indonesia, Malaysia, Thailand and Saudi Arabia	Saturated Fatty Alcohol ILM	CVD	Publication of final findings in the Countervailing investigation concerning the imports of Saturated Fatty Alcohol from Indonesia, Malaysia, Thailand, and Saudi Arabia.

WTO, FTAs

• Singapore submits formal acceptance of Agreement on Fisheries Subsidies.
• 8th review of trade policies and practices of Malaysia takes place on the 18th and 10th of February, 2023.
• Japan is first donor to WTO Fisheries Funding Mechanism.
• The heads of WTO, UNFAO, IMF, World Bank and UNWFP call for an urgent response to the unprecedented food and nutrition security crisis.

TRADE POLICY

 European Union

• EU-India Trade and Technology Council to lead on digital transformation, green technologies and trade.
• European Commission published the draft Implementing Regulation and notification forms relating to the EU Foreign Subsidies Regulation.

UK

• UK expects to reach a free trade deal with India and to enter the Trans-Pacific Partnership in 2023.

USA

• United States and Kenya conclude opening round under U.S.-Kenya Strategic Trade and Investment Partnership.

India

• India’s initiative on multilateralism and rule-based trade receives support from Norway.
• India seeks talks before WTO fixes e-commerce rules.

SANCTIONS

• US. announces new sanctions against Russian sanctions evasion network.
• US. eases Syria sanctions to help quake relief efforts.
• US sanctions six Chinese firms connected to balloon uproar.

 

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