Trade Update – January 2, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission/International Trade Administration)
Republic of Korea	Circular Welded non- Alloy steel pipe	AD	Determination that circular welded non- alloy steel pipe (CWP) from the Republic of Korea (Korea) was sold at prices below normal value for Husteel Co., Ltd. (Husteel) and not sold at prices below normal value for Nexteel Co., Ltd. (Nexteel) during the period of review (POR) November 1, 2020, through October 31, 2021.
China	Corrosion-Resistant Steel Products	AD	Determination that Metalco S.A. (Metalco), the sole company subject to the 2020–2021 administrative review of the antidumping duty order on corrosion- resistant steel products from the People’s Republic of China (China), is part of the China-wide entity because it did not demonstrate its eligibility for a separate rate. The period of review (POR) is July 1, 2020, through June 30, 2021.
India, Italy, Spain	Finished Carbon Steel Flanges	AD, CVD	Revocation of the antidumping duty (AD) orders on finished carbon steel flanges (flanges) from India, Italy, and Spain and countervailing duty (CVD) order on flanges from India would likely lead to continuation or recurrence of dumping, net countervailable subsidies, and material injury to an industry in the United States, Commerce is publishing a notice of continuation of these AD and CVD orders
China	Certain Large Diameter Carbon and Alloy Seamless Standard, Line and Pressure Pipe	AD	Determination that revocation of the antidumping duty (AD) order on certain large diameter carbon and alloy seamless standard, line and pressure pipe (large diameter pipe) from Japan would be likely to lead to continuation or recurrence of dumping
United Arab Emirates	Certain Steel Nails	AD	Notice of the Commerce (Commerce) finds that revocation of the antidumping duty (AD) order on certain steel nails (steel nails) from the United Arab Emirates (UAE) would be likely to lead to the continuation or recurrence of dumping.
India (Directorate General of Trade Remedies)
China	Self-Adhesive Vinyl	AD	Notice of the initiation of Anti-dumping investigation concerning import of self-adhesive vinyl originating in or exported from China PR
China, the EU and Switzerland	Vitamin A Palmitate	AD	Notice of the initiation of Anti-dumping investigation concerning import of Vitamin A Palmitate originating in or exported from China PR, the EU and Switzerland

WTO, FTAs

• India Australia Economic and Cooperation Trade Agreement comes into force
• India-EU FTA talks focus on data flow, privacy

TRADE POLICY

EU

• EU welcomes access to US subsidy scheme for commercial vehicles
• Croatia joins the Euro and Schengen areas

 UK

• UK government set to miss 2022 target on global trade deals
• Brexit had ‘significant adverse impact’ on UK trade, says official watchdog

USA

• US Goods-Trade Deficit Narrows to Smallest in Nearly Two Years

India

• Expect to sign at least 2 more FTAs in 2023, says Piyush Goyal
• India oil import: India allows vegetable oil import at lower duty until March 2024
• Mills expect pig iron exports to improve in Jan after months of continuous declines

CUSTOMS

• The U.S. Bureau of Industry and Security has lifted the suspension of license exceptions for exports, reexports, and transfers (in-country) involving 27 entities in Russia, China, and Pakistan.
• The United States imposes sanctions on Russia naval entities.

SANCTIONS

• Amendments to Tariffs for certain HS Headings
• Issuance of Quality Control Order for Ethylene Glycol

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