Trade Update – March 6, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
India (Directorate General of Trade Remedies)
India	Sodium nitrate	AD/CVD	Anti-dumping duty and countervailing duty orders
India	Sodium nitrate	AD/CVD	Determined that an industry in the United States is materially injured by reason of imports of sodium nitrate from India as the said imports were found by the U.S. Department of Commerce (‘‘Commerce’’) to be sold in the United States at less than fair value (‘‘LTFV’’), and subsidized by the Government of India
China	Certain Vertical Shaft Engines Between 99cc and Up To 225cc, and Parts Thereof	AD/CVD	Affirmative final determination of circumvention of the anti-dumping and countervailing duty orders – Dual Piston Engines
China	Furfuryl Alcohol	AD	Continuation of anti-dumping duty order
Taiwan	Light-Walled Rectangular Pipe and Tube	AD	Determined that the revocation of the anti-dumping duty order on light-walled rectangular pipe and tube from Taiwan would likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time
India	Certain Welded Carbon Steel Standard Pipes and Tubes	AD	Final negative determinations of circumvention of the anti-dumping duty order
China	Aluminum Foil	AD	Institution of five-year reviews
India	Certain Frozen Warmwater Shrimp	AD	Preliminary results of anti-dumping duty administrative review 2021–2022
European Commission
China	Melamine	AD	Notice initiating a ‘new exporter’ review of Implementing Regulation (EU) 2017/1171 imposing a definitive anti-dumping duty
China	Seamless pipes and tubes of iron or steel (certain)	AD	Notice of initiation of an expiry review of the anti-dumping measures
United Kingdom Trade Remedies Authority
China	HFP Rebar	AD	Final determination

WTO, FTAs

• WTO to champion importance of trade in supporting LDCs’ economic development.
• WTO issues note on trade policy developments following one year of war in Ukraine.
• The fifteenth review of the trade policies and practices of Japan takes place on 1 and 3 March 2023.

TRADE POLICY

 European Union

• EU, US working on deal to make EV minerals eligible for tax credits.
• India expects free trade agreement with EU to be ‘game-changer’: EAM Jaishankar.
• The EU General Court held that a subsidy granted by China can be attributed to Egypt as the country of origin or export of a product subject to countervailing measures.

UK

• Biden rebuffs UK bid for closer cooperation on tech.
• UK closing in on major Pacific trade deal after Sunak’s Brexit breakthrough.

USA

• USTR releases President Biden’s 2023 Trade Policy Agenda and 2022 Annual Report.

India

• Want India’s help to build consensus, conclude key deals: Ngozi Okonjo-Iweala, WTO DG.
• Australia PM to visit India, bats for deeper ties.
• India has notified a QCO for Cotton Bales.
• India has implemented new standards for labelling of Ultra-High-Definition Televisions.
• India, China to be at the centre of Russia’s new energy policy.

SANCTIONS

• Biden, Scholz commit to impose further sanctions on Russia.
• German sanctions against Russian oligarchs advancing slowly.
• Chinese company rejects rights accusation after US sanctions.
• US preparing new sanctions program on China.
• US adds multiple Chinese, Pakistani firms to trade blacklist.

 

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.