Trade Update – May 29, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
South Korea	Large Diameter Welded Pipe	AD	Preliminary Results of Antidumping Duty Administrative Review; 2021-2022.
China	Certain Activated Carbon	AD	Institution of a Five-Year Review to determine material injury due to revocation of the antidumping duty order.
China	Folding Gift Boxes	AD	Institution of a Five-Year Review to determine material injury due to revocation of the antidumping duty order.
India	Non-Refillable Steel Cylinders	CVD	Initiation of Countervailing Duty Investigation.
Japan	Tin- and Chromium-Coated Steel Sheet	AD	Institution of a Five-Year Review to determine material injury due to revocation of the antidumping duty order.
India	New Pneumatic Off-the-Road Tires	AD, CVD	Continuation of Antidumping and Countervailing Duty Orders.
South Korea	Stainless Steel Wire Rod	AD	Final Negative Determination of Circumvention of the Antidumping Duty Order.
United Kingdom (Trade Remedies Authority)
China PR	Electric Bicycles	CVD	Initiation of a Transition Review of Countervailing Measures.

WTO, FTAs

• E-commerce negotiations maintain positive momentum, focus on key issues.
• Argentina initiates WTO dispute complaint regarding US measures on certain tubular goods
• India notified its decision to appeal the panel report in the case brought by Japan in “India — Tariff Treatment on Certain Goods” (DS584).
• Plastics Pollution Dialogue unveils elements of potential outcome at the 13th Ministerial Conference.
• International organizations launch platform to promote access to subsidy information

TRADE POLICY

 Europe

• European Union’s carbon tax proposal to not affect trade relations with India: Climate policy chief Frans Timmermans.

USA

• US and China Seek to Ease Trade Tensions in High-Level Talks in Washington meeting.

India

• IPEF countries including India agree to strengthen supply chains among others.
• India, Australia Comprehensive Economic Cooperation Agreement (CECA) free trade pact talks to be held in June, July.

UK

• UK to Enhance Science and Innovation Ties with India as UK’s Minister of State for South Asia arrived in India.
• Brexit food trade barriers have cost UK households £7bn, report finds.

CUSTOMS

• The DGFT prohibits the export of broken rice.

SANCTIONS

• New sanctions against Russia stuck in limbo over Greek-Hungarian protest
• ChatGPT cites imaginary cases to US lawyer, earns him a sanction.
• Ukraine’s President Volodymyr Zelenskiy has put forward a bill that would see Ukraine impose sanctions on Russian ally Iran for 50 years

 

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