Trade Watch – 8th August 2022

Key Trade Remedial Updates:

USA (Department of Commerce/International Trade Commission/International Trade Administration)

Countries	Product	Investigation	Particulars
China	Cased Pencil	AD	Institution of Five-Year Review of the Anti-Dumping Duty Order on Imports of Cased Pencils from China
Brazil, Mexico, Poland and South Korea	Emulsion Styrene Butadiene Rubber	AD	Institution of Five-Year Review of the Anti-Dumping Duty Order on Imports of Emulsion Styrene Butadiene Rubber from Brazil, Mexico, Poland and South Korea
Italy	Certain Pasta	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Pasta from Italy
South Korea	Certain Corrosion – Resistant Steel Products	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Certain Corrosion Resistant Steel Products from South Korea
South Korea	Certain Steel Nails	AD	Issuance on Preliminary Result of Administrative Review of anti-dumping order on imports of Certain Steel Nails from South Korea
China and South Korea	Circular Welded Carbon Quality Steel Pipe, Certain Circular Welded Non-Alloy Steel Pipe, Certain Welded Carbon Steel Pipes and Tubes, Certain Circular Welded Non-Alloy Steel Pipe, Light-Walled Rectangular Pipe and Tube, Light Walled Welded Rectangular Carbon Steel Tubing	AD, CVD	Initiation of Anti-Circumvention Inquiries on Anti-Dumping and Countervailing Duties of various products from China and South Korea
Belgium, South Africa and Taiwan	Stainless Steel Plate Coil	AD, CVD	Continuation of Anti-dumping and Countervailing Duties on Stainless Steel Plate Coil from Belgium, South Africa and Taiwan
China	Corrosion Resistant Steel Products	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Corrosion Resistant Steel Products from China
India	Certain Steel Nails	AD	Issuance of Preliminary Result in anti-dumping investigation on imports of Certain Steel Nails from India
Sri Lanka	Certain Steel Nails	AD	Issuance of Preliminary Result in anti-dumping investigation on imports of Certain Steel Nails from Sri Lanka
Thailand	Certain Steel Nails	AD	Issuance of Preliminary Result in anti-dumping investigation on imports of Certain Steel Nails from Thailand
Türkiye	Certain Steel Nails	AD	Issuance of Preliminary Result in anti-dumping investigation on imports of Certain Steel Nails from Türkiye
China	Certain Collated Staples	CVD	Issuance of Preliminary Result in Administrative Review of countervailing duty order on imports of Certain Collated Staples from China
South Korea	Certain Corrosion – Resistant Steel	CVD	Issuance of Preliminary Result in Administrative Review of countervailing duty order on imports of Certain Corrosion – Resistant Steel from South Korea
Malaysia	Certain Steel Nails	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Certain Steel Nails from Malaysia
India	Polyethylene Terephthalate Film, Sheet, and Strip	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Polyethylene Terephthalate Film, Sheet, and Strip   from India
Türkiye	Steel Concrete Reinforcing Bar	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Steel Concrete Reinforcing Bar from Türkiye
China	Xanthan Gum	AD	Issuance of Preliminary Result in Administrative Review of anti-dumping order on imports of Xanthan Gum from China

Europe, European Commission

Countries	Product	Investigation	Particulars
China	Iron or Steel Fasteners	AD	Initiation of new exporting producer treatment review

DGTR (Directorate General of Trade Remedies)

Countries	Product	Investigation	Particulars
China	(4R-Cis)-1, 1-Dimethylethyl-6- cyanomethyl-2, 2-dimethyl-1,3-dioxane-4-acetate also known as ATS-8	AD	Final Findings issued in the anti-dumping investigation concerning imports of (4R-Cis)-1, 1-Dimethylethyl-6- cyanomethyl-2, 2-dimethyl-1,3-dioxane-4-acetate also known as ATS-8 from China
China	Resin Bonded Thin Wheels	AD	Final Findings issued in the anti-dumping investigation concerning imports of Resin Bonded Thin Wheels from China
China and UAE	Opal Glassware	AD	Final Findings issued in the anti-dumping investigation concerning imports of Opal Glassware from China and UAE

WTO, FTAs

1. The European Union Seeks Unrestricted Cross-Border Flow of Data Between Itself and India Under the Potential EU-India FTA.
2. Joint Report by Business Council of Canada and the Canada-India Business Council Lays Out the Case for A Comprehensive Economic Partnership Agreement (CEPA) with India as A Cornerstone of Canada’s Engagement with the Indo-Pacific Region.
3. Nancy Pelosi Hints at Possible US-Taiwan Trade Deal.
4. Statement By European Union Ambassador States that the Australia-EU Free Trade Agreement is Back on Track.

 

Trade Policy

India:

1. Cabinet Approves India’s Updated Nationally Determined Contribution to Be Communicated to the United Nations Framework Convention on Climate Change.
2. World’s Food Supply Faces New Threat After India’s Rice Crop Falters.
3. The Requirement for BIS Certification for Import of “Hexane, Food Grade” is Removed, with Immediate Effect.
4. Validity of Status Holder Certificates Issued In the FY 2015-16 And 2016-17 Under the Provisions of FTP 2015-20 Has Been Extended Up to 30.09.2022.

U.S.A:

1. Dairy Tariff Rate Quota Import License Fees Announced For 2023.
2. United States May Broaden Restrictions of Technology Shipments to China, In Particular for Fabs Operating Below 14 Nanometers.
3. The US Department of Commerce Renews Its Affirmative Findings Under the Marine Mammal Protection Act for Colombia, Ecuador, El Salvador, Guatemala, Mexico, And Spain.

Europe

1. Russia And Türkiye Reach an Agreement to Start Using Ruble in Bilateral Trade.

 Customs:

1. Import of Malonylurea (Barbituric Acid) And Its Salts Allowed without NOC From Narcotics Commissioner, Gwalior.

Sanctions & Export Control:

1. The Commission Welcomes the Decision by The International Civil Aviation Organization (ICAO) To Call on the Russian Federation to Immediately Cease Its Infractions of International Aviation Rules.
2. New Round of Sanctions Targeting Russian Elites and Multinational Companies Imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).
3. China Announces Sanctions on Nancy Pelosi Over Taiwan Trip.

 

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.