Trade Update – November 6, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
China PR	Non-Refillable Steel Cylinders	CVD (Countervailing)	Recission of CVD administrative review due to lack of reviewable suspended entries.
Vietnam	Frozen Warmwater Shrimp	AD (Antidumping)	Negative findings in all new-shipper reviews, recission of withdrawn reviews and findings of no shipments.
India	Carbon and Alloy Steel Threaded Rod	AD	Final results of AD administrative review finding dumping by Indian entities.
China PR	Aluminum Foil	CVD	Final findings of CVD administrative review finding grant of countervailable subsidies.
China PR	Drawn Stainless Steel Sinks	AD	Final findings in AD administrative review recommending continuation of duties.
China PR Colombia, Dominican Republic, Ecuador, India, Indonesia, Italy, South Korea, Malaysia, Mexico, Taiwan, Thailand, Turkey, UAE, Vietnam	Aluminum Extrusions	AD/CVD	Initiation of less-than-fair-value investigations.
China PR & India	Stainless Steel Flanges	AD/CVD	Continuation of AD and CVD orders.
China PR, Indonesia, Mexico, Turkey	Aluminum Extrusions	CVD	Initiation of CVD investigations.
China PR	Foundry Coke Products	AD	Continuation of AD order.
China PR	Hydrofluorocarbon Blends	AD	Initiation of circumvention inquiry on the AD order.

WTO, FTAs

• WTO DDG Zhang calls on LDCs to explore ways of boosting agriculture and services trade.
• Members to continue dialogue on extending TRIPS Decision to therapeutics and diagnostics.
• New Import Licensing Notification Portal now available.
• Indonesia launches four safeguard investigations on artificial filament yarn, cotton fabric, cotton yarn, and woven fabrics of artificial filament yarn.
• WTO issues new edition of Trade Profiles.
• Working group on food security moves closer to finalizing report and recommendations.
• India Minister says Canada stopped talks on Free Trade Agreement.
• India works on free trade deal with Gulf countries.
• UK officials pressured to drop IP law demands in India trade talks.

TRADE POLICY
EU

• Joint Statement on the launch of negotiations for an EU-Korea digital trade agreement.
• China steel association says EU carbon tax a new trade barrier, calls for more talks.
• EU proposal may accelerate pharma innovation decline, industry group says.

UK

• British cheese exporters warn of losses unless new Canada deal is reached.
• Beef, soy and palm oil products linked to deforestation still imported into UK.

USA

• US officials, lawmakers express support for extension of Africa trade program.
• US to evict Gabon, Niger, Uganda and Central African Republic from preferential trade program.

India

• India to extend free food grain program by 5 years.
• India’s services trade surplus bounces back in Sept quarter of FY24.

CUSTOMS

• Notification of extension of enforcement date for the Copper (Quality Control) Order, 2023.

SANCTIONS

• US Treasury hardens sanctions with 130 new Russian evasion and military-industrial targets.
• US House easily passes bill to harden sanctions on Iranian oil.
• Russian jailed in EU for circumventing sanctions.
• Hong Kong slams US lawmakers behind bill seeking to sanction 49 officials, judges and prosecutors over national security law, calling it a blatant attempt to intimidate.
• EU Parliament has released a study on the implementation and monitoring of the EU sanctions’ regimes.

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.