Trade Update – September 18, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission)
People’s Republic of China	Small Diameter Graphite Electrodes	AD	Notification of final results of antidumping duty administrative review.
People’s Republic of China	Wood Mouldings and Millwork Products	CVD	Notification of final results and partial rescission of countervailing duty administrative review.
Italy	Carbon and Alloy Steel Wire Rod	CVD	Notification of continuation of countervailing duty order.
United Arab Emirates	Certain Steel Nails	CVD	Notification of continuation of antidumping duty order.
Malaysia	Silicon Metal	AD	Notification of preliminary results of antidumping duty administrative review.
People’s Republic of China	Wood Mouldings and Millwork Products	AD	Notification of final results of antidumping duty administrative review, final determination of no shipments, and partial rescission.
People’s Republic of China	Tin Mill Products	AD	Notification of postponement of final determination in the less-than-fair-value investigation.
People’s Republic of China	Certain Crystalline Silicon Photovoltaic Products	CVD	Notification of final results of countervailing duty administrative review.
India	Certain Non-Refillable Steel Cylinders	AD	Notification of postponement of preliminary determination in the less-than-fair-value investigation.
People’s Republic of China	Certain Metal Lockers and Parts Thereof	AD, CVD	Notification of final results of antidumping duty changed circumstances reviews, and intent to revoke the antidumping and countervailing duty orders, in part.
India, Malaysia, Taiwan, Thailand and the Socialist Republic of Vietnam	Boltless Steel Shelving Units Prepackaged	AD	Notification of postponement of preliminary determinations in the less-than-fair-value investigations.
China and India	Stainless Steel Flanges	AD	Notification of scheduling of expedited five-year reviews.
Bosnia and Herzegovina, Bulgaria, Burma, India, Indonesia, Italy, Kosovo, Mexico, Philippines, Poland, Slovenia, Spain, and Taiwan	Mattresses	AD	Notification of commencement of final phase investigations.
China	Pure Granular Magnesium	AD	Notification of results of five-year review.
India (Directorate General of Trade Remedies)
China PR	Synthetic grade zeolite 4a (detergent grade)	AD	Notification of final findings of sunset review investigation.
European Union (European Commission)
People’s Republic of China	Electrolytic manganese dioxides (certain)	AD	Notification of information at provisional stage (pre-disclosure).
People’s Republic of China	Melamine	AD	Notification of imposition of anti-dumping duty.
People’s Republic of China	Seamless pipes and tubes of stainless steel (certain)(SSSPT)	AD	Notification of imposition of anti-dumping duty.

WTO, FTAs

• New WTO publication provides insights into the world of export regulations and controls.
• WTO Public Forum looks at how investment facilitation agreement can support sustainable future.
• New WTO publication underlines need to boost women’s participation in trade.
• High-level panel discusses inclusive strategies for climate action, sustainable trade.
• Steel industry highlights importance of trade policy in decarbonisation efforts ahead of COP28.
• WTO Public Forum panel examines trade’s role in promoting climate action.
• Iceland donates CHF 500,000 to WTO Fisheries Funding Mechanism.
• World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation.
• WTO warns about fragmentation of global trade into allied blocs.
• WTO Chief calls for re-globalisation amidst trade fragmentation.
• WTO Chief pushes deals on fishery, agri subsidies, says it will be tough.
• Ukraine to use WTO arbitration in response to extended grain import embargo by Poland.
• Brazil offers ethanol tech to India to settle sugar dispute.
• India-Canada FTA on pause till political issues are resolved.

TRADE POLICY

UK

• UK SMEs not ready for ‘avalanche’ of Brexit 2.0 rules and taxes.
• UK-Italy ministerial dialogue on export and investment promotion.
• UK food and drink exports reach record high, driven by growing EU demand.
• UK joins top Gulf commerce ministers for trade talks in Oman.
• UK’s maritime sector needs £2bn annually to meet 2050 net zero target.

Europe

• Türkiye plans to expand gas export hub to Europe, resume Iraqi oil flow.
• Europe’s central bank hikes key interest rate to record high as recession threat grows.
• Europe’s China Probe exposes ‘Massive’ competitiveness problem.
• Spain bangs the drum for EU investment in Latin America.
• EU launches anti subsidy investigation into Chinese electric vehicles.

USA

• Thailand urges US to restore GSP to give trade protection.
• Lower tariffs in India lift hopes for US almond sales.

India

• India’s trade deficit at $24.2 billion in August as exports, imports decline.
• India’s gold imports said to jump in risk to wider trade deficit.
• India is in talks with 22 nations for trade in Rupee: FM Sitharaman.

CUSTOMS

• Notification of amendment in export policy of food supplements containing botanicals.
• MeiTY has notified exemptions for the electronics and semiconductor industry from the provisions of section 65A of the Customs Act.
• India has notified a draft QCO for Textiles – Polypropylene (PP)/High Density Polyethylene (HDPE) Laminated Woven Sacks for Mail Sorting, Storage, Transport and Distribution at the WTO.
• India has notified a draft QCO for Anhydrous Ammonia at the WTO.
• India has notified a draft QCO for Textiles – High Density Polyethylene (HDPE) Polypropylene (PP) Woven sacks for Packaging of 25 kg Polymer Materials at the WTO.
• India has notified a draft QCO for Textiles – High Density Polyethylene (HDPE)/ Polypropylene (PP) Woven Sacks for Packaging Fertilizers at the WTO.
• India has notified a draft QCO for Ethylene Oxide at the WTO.
• India has notified a draft QCO for Industrial Grade Urea at the WTO.
• India has notified a draft QCO for Monocrotophos at the WTO.
• India has notified a draft QCO for Toluene Diisocyanate at the WTO.
• India has notified a draft QCO for NOx Reduction Agent AUS 32 at the WTO.
• India has notified a draft QCO for Textiles – Polypropylene (PP) Woven, Laminated, Block Bottom Valve Sacks for Packaging of 50 kg Cement at the WTO.
• India has notified a draft QCO for Alumina Calcined at the WTO.
• India has notified a draft QCO for Textiles – High Density Polyethylene (HDPE)/ Polypropylene (PP) Woven Sacks for Packaging of 50 kg Cement at the WTO.
• India has notified a draft QCO for Captafol at the WTO.
• India has notified a draft QCO for Sodium Cyanide at the WTO.
• Notification of imposition of anti-dumping duty on flat base steel wheels.
• Notification of amendment of tariff values for certain products.
• Notification of amendments in excise duty of various petroleum products.
• Notification of amendments in graded BCD structure of wearable devices and hearing aids.

SANCTIONS

• UK to introduce sanctions on Russian iron and steel processed in third countries.
• German, Austrian Firms potentially violate US Sanctions by attending the Iran Oil Show, that is run by the US-sanctioned National Iranian Oil Company.
• US Treasury has imposed a fresh set of sanctions that target Russia’s industrial base, financial institutions, and technology suppliers
• Brazil’s Lula meets Cuban leader, slams ‘illegal’ US embargo.
• US authorities seize Iranian oil traded in violation of sanctions.
• European countries are being used for potential sanctions evasion in the US.
• Dutch authorities arrest pair over suspected Russia sanctions evasion.

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.