Trade Update – November 13, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation AD (Antidumping) CVD(Countervailing)	Particulars
India (Directorate General for Trade Remedies)
Korea, Japan, Singapore	Electrogalvanized Steel	AD	Notification of change of name for Dongkuk Steel Mill Co. Ltd.
USA (Department of Commerce)
China	Wooden Cabinets and Vanities and Components Thereof	CVD	Final results of administrative review determining grant of countervailable subsidies and partial recession of review.
China	Aluminum Foil	AD	Final results of administrative review determining continued dumping and determination of no shipments.
India	Common Alloy Aluminum Sheet	CVD	Final results of administrative review determining grant of countervailable subsidies.
India	Stainless Steel Flanges	CVD	Preliminary results of administrative review determining grant of countervailable subsidies and partial recession of review.
China	Drawn Stainless Steel Sinks	AD	Final results of administrative review determining continued dumping.
Russia	Phosphate Fertilizers	CVD	Final results of administrative review determining grant of countervailable subsidies.
India	Paper Shopping Bags	CVD	Preliminary results of administrative review determining grant of countervailable subsidies; preliminary determination of critical circumstances; alignment of investigation timelines with corresponding anti-dumping investigation.
China	Paper Shopping Bags	CVD	Preliminary results of administrative review determining grant of countervailable subsidies; preliminary determination of critical circumstances; alignment of investigation timelines with corresponding anti-dumping investigation.
India	Glycine	AD	Final results of administrative review determining continued dumping.
China	Activated Carbon	AD	Final results of administrative review determining continued dumping and determination of no shipments.
China	Citric Acid and Certain Citrate Salts	AD	Final results of administrative review determining no dumping.
Taiwan	Light-Walled Welded Rectangular Carbon Steel Tubing	AD	Final results determining circumvention of anti-dumping duties.
India	Welded Carbon Steel Standard Pipes and Tubes	AD	Final results determining circumvention of anti-dumping duties.
China	Light-Walled Rectangular Pipe and Tube	AD/CVD	Final results determining circumvention of anti-dumping and countervailing duties.
China	Circular Welded Carbon Quality Steel Pipe	AD/CVD	Final results determining circumvention of anti-dumping and countervailing duties.
India	Common Alloy Aluminum Sheet	AD	Final results of administrative review determining no dumping.
European Commission
China
China	Lever arch mechanisms	AD	Initiation of expiry review.
United Kingdom	Stainless Hot Rolled Sheets and Strips, Stainless Cold Rolled Sheets and Strips, Rebars, Large Welded Tubes, Non-Alloy Wire	Safeguard	Notice concerning the creation of Tariff Rate Quotas under the steel safeguard for exports from the UK to Northern Ireland.

---

WTO’s/FTAs

• WTO to highlight role of trade policy for climate action at COP28 in Dubai.
• Parties to government procurement pact welcome new party, new acceding country.
• Türkiye launches safeguard investigation on wire rods.
• WTO members address trade and development dimension of cotton, potential MC13 outcome.
• Timely food market information is key amid crises, agriculture group says.
• US gives USD 600,000 to support trade-related capacity-building in developing economies.
• The fifth trade policy review of Chinese Taipei took place on 7 and 9 November 2023.
• India-UK FTA Diwali schedule hits Rules of Origin, IPR roadblocks.

EU

• Tesla is furious it’s not in EU’s Chinese subsidy probe.
• France to make 10% threshold for non-EU investment scrutiny permanent.

UK

• Rishi Sunak ‘keen’ to visit India, but many difficult issues remain in FTA: UK envoy.
• EAM Jaishankar embarks on 5-day visit to UK.

USA

• US trade gap widens more than expected in September.
• US finds no major trade partners manipulated currencies.
• Biden and Xi Jinping will meet on November 15 for talks on trade.

India

• Indian auto market won’t get impacted by the UK trade deal: Maruti Suzuki Chairman.
• DPIIT to engage consultancy agency to draw reservation list for investment chapters in FTA talks.
• Mercedes India exported GLE SUVs to Europe in FY23.

CUSTOMS

• Incorporation of Policy Condition for export of non-basmati rice under HS Code 10063090.
• Notification of pilot launch of the Upgraded Electronic Bank Realization Certificate system for self-certification by exporters.

SANCTIONS

• FinCEN and the U.S. Department of Commerce’s Bureau of Industry and Security announce new reporting key term and highlight red flags relating to global evasion of U.S. export controls.
• EU says UAE to restrict key exports to Russia used for war.
• North Korea shuts down embassies worldwide as sanctions take a toll on economy.
• EU countries to debate of 12th package of Russia sanctions this week.
• UK targets Russian gold, oil sectors in new sanctions.
• US BIS issues temporary denial order against 7 persons and 3 companies for illegally exporting electronics with military applications to Russia.