Trade Update – October 30, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
India (Directorate General of Trade Remedies)
China PR	Meta Phenylene Diamine (MPDA)	AD	Notification of final findings in sunset review recommending continuation of anti-dumping duties.
USA (Department of Commerce)
China PR	Hydrofluorocarbon Blends	AD	Initiation of an anti-circumvention investigation concerning anti-dumping duty imposed.
Vietnam	Raw Honey	AD	Initiation of a changed circumstances review for examining Vietnam as a non-market economy.
India	Granular Polytetrafluoroethylene Resin	CVD	Amending of countervailing duty order as per the decision of the U.S. Court of International Trade.
Vietnam	Gas Powered Pressure Washers	AD	Anti-dumping duty order.
China PR	Aluminum Lithographic Printing Plates	CVD	Initiation of countervailing duty investigation.
China PR and Japan	Aluminum Lithographic Printing Plates	AD	Initiation of less than fair value investigation.
China PR	Quartz Surface Products	AD/CVD	Recission of anti-dumping and countervailing duty changes circumstances reviews for Global Stone and AM Stone.
Multiple	Multiple	AD/CVD	Rescission of various anti-dumping and countervailing duty administrative reviews.
Bosnia and Herzegovina, Bulgaria, Burma, India, Italy, Kosovo, Mexico, the Philippines, Poland, Slovenia, Spain, Taiwan	Mattresses	AD	Initiation of less than fair value investigation(s); Notice of postponement of preliminary determinations in the aforesaid investigations.
United Kingdom (Trade Remedies Authority)
China PR	Single-mode Optical Fibre Cables	AD	Final determination recommending imposition of anti-dumping duties.

WTO, FTAs

• WTO panel to review US anti-dumping duties on tubes and pipes from Argentina
• WTO and partner organizations unveil Trade House pavilion for UN COP28 climate summit.
• Release of the trade policy review of the South African Customs Union.
• Senior Officials Meeting paves way for progress on deliverables at MC13.
• India, EU discuss progress in Free Trade Agreement negotiations.
• Eye on free-trade agreement, India seeks Eurasian bloc trade data.
• Australia walks away From EU trade talks over agriculture.
• India proposes WTO roadmap for transfer of climate-friendly tech.
• India seeks to tax goods part of cross-border digital trade.
• India holds trade talks with Japan, UK on sidelines of G7 meet in Osaka.
• India, UK trade ministers review progress of talks on proposed FTA.
• China urges G7 not to have double standards on Japanese food ban.

TRADE POLICY

India

• India, Saudi Arabia commerce ministers discuss ways to promote trade ties.
• India may drop local remedies clause in new BITs as UK trade pact nears.
• NITI Aayog initiates study to develop action plan to bridge India’s trade deficit with China.
• India’s Vostok plan slows as US companies skip sanctions-hit Russia.

EU

• EU enables coordinated export controls by compiling national lists.
• EU Japan strike data flows deal.

UK

• Japan opens doors to UK cooked poultry meat in deal worth £10m.
• Brexit blamed for £850m fall in UK beauty exports.

USA

• US trade tribunal issues potential Apple Watch import ban in Masimo patent fight

CUSTOMS

• Streamlining of Halal certification process for meat and meat products.
• Amendment in policy condition for import of various edible oils.
• Notification of corrigendum to the final findings of the sunset review investigation on jute pro
• Notification of minimum export price on onion.
• Notification of a quality control order (QCO) on door fittings.
• Notification of a QCO on bottled water dispensers.
• Notification of a QCO on helmets for police force, civil defence and personal protection.

SANCTIONS

• US Treasury sanctions Hamas operatives and financial facilitators.
• US Department of the Treasury’s Financial Crimes Enforcement Network alert to financial institutions to counter financing to Hamas and its terrorist activities.
• US adds sanctions on Hamas, Iran’s revolutionary guard members.
• EU discussing 12th package of sanctions including ban on export of Russian diamonds.
• Turkish fund denies supporting Hamas after US sanctions move.
• EU sets up an autonomous framework for imposing sanctions in Niger.

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.