Trade Update – February 20, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
China, India and Vietnam	Paper File Folders	AD/CVD	Postponement of preliminary determinations in the less-than-fair value investigations
China	Tin Mill Products	CVD	Initiation of countervailing duty investigation
Canada, the People’s Republic of China, Germany, the Netherlands, the Republic of Korea, Taiwan, the Republic of Turkey, and the United Kingdom	Tin Mill Products	AD/CVD	Initiation of less-than-fair-value investigations
China and South Korea	Certain Carbon and Alloy Steel Cut-to Length Plate	CVD	Continuation of countervailing duty orders
South Korea	Certain Steel Nails	AD	Final results of antidumping duty administrative review; 2020– 2021
China	Xanthan Gum	AD	Final results of antidumping duty administrative review and final determination of no shipments; 2020–2021
Brazil and South Africa	Certain Lemon Juice	AD	Antidumping duty orders
China	Polyethylene Retail Carrier Bags	AD	Preliminary determination of no shipments and rescission of review in part; 2021–2022
Mexico	Certain Freight Rail Couplers and Parts Thereof	AD/CVD	Postponement of preliminary determination in the less-than-fair-value investigation
China	Certain Hardwood Plywood Products	AD	Final results of antidumping duty administrative review and final determination of no shipments; 2021
China	Certain Magnesia Carbon Bricks	AD/CVD	Preliminary results of covered merchandise inquiry
France, Germany, Italy and Japan	Brass Sheet and Strip	AD	Scheduling of expedited five-year reviews
European Commission
China	Electrolytic manganese dioxides (certain)	AD	Notice of initiation of an anti-dumping proceeding

WTO, FTAs

• WTO DG calls on Gulf ministers’ support to implement MC12 outcomes and chart path to MC13.
• E-commerce negotiations enter final lap, Kyrgyz Republic joins initiative.
• DDG Ellard discusses WTO success, need for reform, relevance to addressing climate crisis.
• Trade and gender informal working group co-chairs present draft work plan for 2023
• Australia closer to a free trade pact with EU.

TRADE POLICY

 European Union

• Costa Rica removes discriminatory tax on beer imported from the EU.
• Sri Lanka risks losing EU trade concessions over its failure to change Prevention of Terrorism Act.

UK

• Bangladesh and United Kingdom held their second Trade and Investment Dialogue on 19 February 2023 in Dhaka.
• Rishi Sunak hopes to seal Northern Ireland trade deal early this week.

USA

• Ambassador Katherine Tai releases a statement on Mexico’s action on imports produced with forced labour.
• US. and Taiwan may sign a bilateral trade agreement earlier than expected this year.
• US-China trade hits record high despite rising tensions.

India

• India, US and Brazil to establish a global biofuel alliance.
• India notifies to WTO its quality control plans for 12 protective textile items.
• India’s export to Turkiye may get impacted in short run due to earthquake.
• A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%.
• DPIIT has opened 6 draft QCOs for comments – 53 products pertaining to cement industry like concrete, asbestos, gypsum and ceramic based materials.
• DPIIT has opened 4 draft QCOS for comments – 16 products relating to the linoleum and rubber industry like hoses, cycle/rickshaw tyres, rubber gaskets and V-belts

SANCTIONS

• UK Parliament discusses sanctions against Russia.
• EU debates 11 billion euros of trade curbs in new Russia sanctions.
• Japan introduces further sanctions against Russia.
• China sanctions Lockheed, and Raytheon after vowing to retaliate against US restrictions.
• EU renewing ban on sales of toilets to Russia on war anniversary.

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