Trade Update – May 8, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
People’s Republic of China	Light-Walled Rectangular Pipe and Tube	AD	Notice of initiation of administrative review of the antidumping duty order on light-walled rectangular pipe and tube (LWRPT) from the People’s Republic of China (China). The period of review (POR) is August 1, 2021, through July 31, 2022.
Taiwan	Common Alloy Aluminum Sheet	AD	Notice that administrative review of the antidumping duty order on common alloy aluminum sheet (CAAS) from Taiwan, covering the period of review (POR) October 15, 2020, through March 31, 2021 is being rescinded.
People’s Republic of China	1,1,1,2-Tetrafluoroethane (R–134a)	AD	Notice of determination that the sole mandatory respondent under review sold subject merchandise at less than normal value (NV) during the period of review (POR) April 1, 2021, through March 31, 2022.
Republic of India	Carbon and Alloy Steel Threaded Rod	AD	Notice of preliminary determination that carbon and alloy steel threaded rod (steel threaded rod) from India was sold in the United States at below normal value. The period of review (POR) is April 1, 2021, through March 31, 2022.
People’s Republic of China	Certain Aluminium Foil	CVD	Notice of finding the producers and exporters of certain aluminium foil from China PR received countervailable subsidies during the period of review, January 2021 through December 31, 2021.
People’s Republic of China	Certain Passenger Vehicle and Light Truck Tires	CVD	Notice that countervailable subsidies are being provided to producers and exporters of certain passenger vehicle and light truck tires from the People’s Republic of China (China) during the period of review (POR), January 1, 2021, through December 31, 2021.
People’s Republic of China	Wooden Cabinet and Vanities and Components thereof	AD	Notice that certain producers and or/exporters made sales of wooden cabinets and vanities and components thereof (cabinets) at less than normal value, and eight companies had no shipments of subject merchandise during the period of review.
United Kingdom (Trade Remedies Authority)
China PR	Bus and Lorry Tyres	CVD	Notice of initiation of countervailing duties concerning Bus and Lorry Tyres originating or exported from China PR.
India (Directorate General of Trade Remedies)
China, Indonesia, and Korea RP	Dispersion Unshifted Single-mode Optical Fiber	AD	Release of Final Findings

 

WTO, FTAs

• Members reiterate concerns on lack of transparency with subsidy notifications.
• The fourth review of the trade policies and practices of the OECS-WTO Members (Antigua and Barbuda; Dominica; Grenada; Saint Kitts and Nevis; Saint Lucia; Saint Vincent and the Grenadines) took place on 3 and 5 May 2023.
• WTO opens online registration for 2023 Public Forum, launches call for proposals.
• Members review anti-dumping actions and regulations at first biannual meeting of 2023.
• Germany provides first of a series of donations to the Fisheries Fund and offers expertise.

TRADE POLICY

 Europe

• Ukraine, EU agree to extend preferential trade regime for one year.

USA

• US Treasury’s top international official heads to Europe, Asia for talks on economy.

India

• India asks European Union to recognize its carbon credit trading scheme.

UK

• Britain to start free trade with New Zealand and Australia.

CUSTOMS

• Imposition of CVD on Fatty Alcohol from Thailand, Malaysia and Indonesia.

SANCTIONS

• Brussels plans sanctions on Chinese companies aiding Russia’s war machine.
• Binance faces US probe of possible Russian sanctions violations.

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