Trade Update – October 23, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce)
India	Certain Frozen Warmwater Shrimp	AD	Notice of final results of antidumping duty changed circumstances review.
People’s Republic of China	Electrolytic Manganese Dioxide	AD	Notice of preliminary results of antidumping duty administrative review.
Republic of Korea	Large Diameter Welded Pipe	AD	Notice of final results of antidumping duty administrative review.
Republic of Turkey	Steel Concrete Reinforcing Bar	CVD	Notice of rescission of countervailing duty administrative review.
People’s Republic of China	Aluminum Wire and Cable	AD, CVD	Notice of initiation of scope and circumvention inquiries of the antidumping duty and countervailing duty orders.
Republic of Korea and Taiwan	Low Melt Polyester Staple Fiber	AD	Notice of final results of the expedited first sunset reviews of antidumping duty orders.
People’s Republic of China	Drawn Stainless Steel Sinks	CVD	Notice of final results of the expedited second sunset review of the countervailing duty order.
EU (European Commission)
People’s Republic of China	Ceramic tableware and kitchenware	AD	Notice of the impending expiry of certain anti-dumping measures.
People’s Republic of China and Thailand	Malleable tube fittings (MTF)	AD	Notice of amending implementing regulation (EU) 2019/1259 imposing a definitive anti-dumping duty on imports.
People’s Republic of China	Citric acid	AD	Notice of amending implementing regulation (EU) 2021/607 imposing a definitive anti-dumping duty.
Türkiye	Glass fibre woven fabrics (GFF)	CVD	Notice of amending implementing regulation (EU) 2022/1478 extending the definitive countervailing duty imposed by implementing regulation (EU) 2020/776.
People’s Republic of China	Iron or steel fasteners (‘Fasteners’)	AD	Notice of accepting a request for new exporting producer treatment with regard to the definitive antidumping measure.
People’s Republic of China	Certain pneumatic tyres, new or retreaded, of rubber, of a kind used for buses or lorries, with a load index exceeding 121	AD	Notice of initiation of an expiry review of the anti-dumping measures.

WTO, FTAs

• Germany gives EUR 500,000 to enhance developing economies’ trading skills.
• Macao, China formally accepts Agreement on fisheries subsidies.
• DG Okonjo-Iweala announces appointment of new Deputy Director-General.
• Facilitator of e-commerce work programme seeks members’ views on way forward.
• India’s laptop imports curbs raised at WTO meet.
• China inks free trade agreement with Serbia.
• ASEAN, Canada edge closer to concluding free trade agreement.
• Differences persist as India and UK continue FTA deliberations on Free Trade Agreement.
• India calls WTO members to join hands in checking MNC dominance in e-commerce.

TRADE POLICY

UK

• New wine reforms to boost investment and ease burdens on industry.
• UK and South Korea extend tariff-free trade provisions ahead of deal negotiations.
• UK and Germany partner to further advance Hydrogen developments.

Europe

• EU ban on products made by forced labour a priority file for renew Europe for the end of the mandate.
• EU Says Lack of US Clarity on Tariffs Sank Trade Announcement.
• German Minister warns of threat from EU’s Chinese EV subsidy probe.
• EU trade chiefs discuss trade agreements and commit to economic security.

USA

• EU-US trade talks fail on steel and EVs, as European leaders finish stateside visit.

India

• India, Gulf Cooperation Council free trade talks may start within a month.

CUSTOMS

• Notification of extension of restriction date as Government of India extends the date of restrictions on export of sugar indefinitely till further orders.

• Notification of export of Non-Basmati White Rice to Nepal, Cameroon, Cote d’ Ivore, Republic of Guinea, Malaysia, Philippines and Seychelles.
• Notification of implementation of Import Management Systems for IT Hardware.
• Notification of amendment in policy condition for imports under Chapter 84.
• Notification of clarification regarding subsequent re-import of unsold jewellery, exported under Para 4.79 & 4.92 of Handbook of Procedures, 2023.
• Notification of discontinuation of issuance of physical copy of restricted import authorization.
• Notification of submission of data to RoDTEP Committee for review of RoDTEP rates.
• Notification of a quality control order (QCO) for Copper Products.
• Notification of QCO for Drums and Tins.
• Notification of customs tariff exemption for foreign vessels when converted for coasting use for a period of six months.
• Notification of duty drawback rates.
• Notification of amendment of policy condition for imports of producers under HS 05119999.
• Notification of extension of enforcement date for lauric acid, acid oil, and various fatty acids.

SANCTIONS

• US easing Venezuela oil sanctions after election deal.
• Canada imposes additional sanctions against Russia collaborators in Moldova.
• EU is preparing to start work on a new Russia sanctions package.
• The US government sanctions two shipping companies for violating the Russian oil price cap.
• S. tightens China’s access to advanced chips for artificial intelligence.
• Commerce strengthens restrictions on advanced computing semiconductors, semiconductor manufacturing equipment, and supercomputing items to countries of concern.
• China, US swap trade sanctions on semiconductors, graphite.
• The UK government has issued a statement on its decision to maintain nuclear and missile-related restrictions on Iran beyond Joint Comprehensive Plan of Action transition day.

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.