Trade Update – November 28, 2022

Nov 28, 2022
  • Author(s) : Parthsarathi Jha , Sanjay Notani , Naghm Ghei, Mitul Kaushal, Divyashree Suri
  • Key Trade Remedial Updates:
    USA (Department of Commerce/International Trade Commission/International Trade Administration)

    Countries Product Investigation Particulars
    India, Italy and Spain Finished Carbon Steel Flanges CVD/AD US International Trade Commission’s Determination that revocation of the countervailing duty order on finished carbon steel flanges from India and the antidumping duty orders on finished carbon steel flanges from India, Italy, and Spain would be likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.
    China Carbon and Alloy Steel Threaded Rod CVD Final Results of the Administrative Review of the Countervailing Duty Order on imports of Carbon and Alloy Steel Threaded Rod   from China.
    Canada Large Diameter Welded Pipe AD Final Results of the Administrative Review of the Anti-Dumping Duty Order on imports of Large Diameter Welded Pipe  from Canada.
    China Certain Cased Pencils AD Final Results of the Expedited Fifth Sunset Review of the Antidumping Duty Order on imports of Certain Cased Pencils from China PR.

    European Union (European Commission)      

    Countries Product Investigation Particulars
    People’s Republic of China Ceramic tiles AD Notice of initiation of an expiry review of the anti-dumping measures applicable to imports of Ceramic Tiles form China.

    United Kingdom

    Countries Product Investigation Particulars
    People’s Republic of China Cast Iron Articles AD Notice of initiation of a transition review of anti-dumping measures imposed on Cast Iron Articles from China.

    WTO, FTAs

    1. Third round of free trade agreement negotiations between the European Union and India start on November 28, 2022.
    2. India and GCC have decided to resume talks on a free trade agreement.
    3. Free trade agreement signed by India and Australia in April 2022 has been passed in the Australian Parliament.
    4. EU and Angola conclude first-ever Sustainable Investment Facilitation Agreement.

    Trade Policy
    India:

    1. At the 3rd edition of ISA Steel Conclave, Piyush Goyal urges steel industry to make best use of India-Australia pact.
    2. DGFT has fixed new Standard Input Output Norms (SION) at E-136 for the export of wheat flour (Atta), deleting SION E-110.
    3. DGFT has notified modification in Standard Input Output Norms (SION) of Textiles in SION J-222 product.

    U.S.A:

    1. US International Trade Commission publishes a report on “Distributional Effects of Trade and Trade Policy on U.S. Workers.
    2. India could play a major role in the emerging U.S. strategy of “friendshoring,” Treasury Secretary Janet Yellen said during a visit to the country this week.

    Europe:

    1. EU expresses concerns about the United States’ Inflation Act, 2022.

     

    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