Trade News
Trade News
08
May
The Department of Commerce’s preliminary determination in the antidumping duty investigation (ADD) investigations on aluminum extrusions from 14 countries was published on May 7, 2024. The scope of the investigation covers a broad array of products containing aluminum extrusions, including specific articles, components, subassemblies, and numerous downstream products. The scope also contains several exclusions from the investigation that are defined by technical parameters. Further, the scope contains a specific list of covered products if produced in China. In short,...
04
Oct
The main goal is to deter foreign powers from bullying the EU or its member states. Restrictions to trade, direct investment and access to the EU procurement market are among possible countermeasures. This new tool should serve as a shield protecting EU’s sovereignty.
The new trade instrument is primarily meant as a deterrent, but it will allow the EU to fight economic coercion and respond with its own countermeasures.
With 578 votes to 24 and 19 abstentions. Parliament approved on Tuesday...
28
Sep
On September 19, 2023, the Department of Commerce’s Bureau of Industry and Security (BIS) announced additional items considered significant to Russian weaponry and are now restricted for export to both Russia and Belarus. In coordination with the United Kingdom and European Union, BIS continues to identify “high-priority items” by their six-digit Harmonized System (HS) codes that Russia seeks to procure for its weapons programs. Items described by these HS codes have been found in multiple Russian weapons systems used against Ukraine. In the September 2023 notice, BIS...
26
Sep
The U.S. Department of Homeland Security (DHS) has today, 9/26/2023, added three more entities to those designated under the UFLPA, bringing the total number of designated entities to 27.
As per the DHS announcement, the newly added entities are:
Xinjiang Zhongtai Group Co. Ltd. (headquartered in Xinjiang and produces and sells polyvinyl chloride (PVC), iconic membrane caustic soda, industrial salt, calcium carbide, viscose fiber, viscose yarn, and other textile, chemical, and building materials).
Xinjiang Tianshan Wool Textile Co. Ltd. (headquartered...
26
Sep
The U.S. government is turning up the dial on its efforts to combat evasion of export controls and sanctions against Russia. The severe trade restrictions against Russia (and Belarus) have seen continuous escalation since February 2022. In the latest round of measures, multiple U.S. government agencies took aim at companies that enable the circumvention of trade controls, with an increased focus on evasion tactics in third countries and by non-restricted entities that operate as fronts for sanctioned parties.Anti–money laundering...
21
Jul
The Council today adopted a decision authorising the Commission to open negotiations, on behalf of the EU, with the United States on a Critical Minerals Agreement (CMA) and the related negotiating directives.
This agreement seeks to strengthen critical minerals supply chains and mitigate some of the negative repercussions of the US Inflation Reduction Act (IRA) on EU industry.
The Critical Minerals Agreement will be key in diversifying international supply chains of critical minerals. It will also help to strengthen our cooperation...
23
Jun
Advances in technology affect trade and vice versa
Technological change is exciting and scary, empowering us to do more with less work while fueling fears of being replaced. Although it drives economic growth and progress, those who fall behind risk losing their livelihoods.
International trade has a similar impact but generates even greater anxiety. That’s because its benefits are less obvious to people than the gains from innovation, and the domestic workers dealt setbacks by trade associate their losses directly with...
12
Jun
The suspension of import duties, quotas and trade defence measures on Ukrainian exports to the European Union – known as the Autonomous Trade Measures (ATMs) – are in place for another year. This strong testament to the EU's unwavering support for Ukraine will help alleviate the difficult situation faced by Ukrainian producers and exporters because of Russia's unprovoked and unjustified military aggression.
The EU is phasing out by 15 September 2023 the exceptional and temporary preventive measures adopted on 2...