Some supply chain agreements in the Indo-Pacific Economic Framework may be announced in May, according to officials at the Asia Society Policy Institute, and the institute held a webinar May 3 and released a paper with recommendations of how to shape the supply chain pillar ahead of those announcements.
The U.S. readout of the meeting between U.S. Trade Representative Katherine Tai and Canada's trade minister, Mary Ng, mentioned Canada's proposed digital services tax. "Ambassador Tai expressed her hope that the United States and Canada could work together on this issue that could unfairly impact U.S. businesses," it said.
Canadian Trade Minister Mary Ng said that Canada and its partners in NAFTA 2.0 will not be caught unawares when it's time for the sunset review in 2026. She said that she and her counterparts in Mexico and the U.S. will be taking stock of how the agreement is working in July.
The U.S. and South Korea reached a solution ending a dispute settlement case on the U.S. safeguard measure concerning imports of large residential washers, the World Trade Organization announced. South Korea said at the April 30 meeting of the Dispute Settlement Body that the U.S. brought its measure in line with the relevant WTO agreements. The U.S. claimed that while certain elements of the panel's findings were "disappointing and unbalanced," it allowed the report to be adopted, the WTO said.
Although implementation of the EU-U.K. Trade and Cooperation Agreement has gone better than expected, a range of issues continue to plague trade between the two sides, including in the agriculture sector, European Parliament members said during a hearing last week. Discussing a draft report on the implementation of the TCA, Parliament Member Sean Kelly of Ireland said “trade flows have been negatively impacted between the EU and the U.K. post-Brexit, which is not a surprise.” But it’s “welcome news” that the TCA “has been smoother in comparison to other agreements between the EU and U.K.”
Several “unresolved issues” surround fines imposed against companies placed on China’s Unreliable Entity List, including the maximum penalty amount China can impose and the penalty range it can choose from, Beijing-based Zhong Lun Law Firm said in an April client alert posted by Lexology.
The World Trade Organization's published agenda for the Dispute Settlement Body's April 28 meeting includes U.S. status reports on the implementation of DSB recommendations on antidumping measures on certain hot-rolled steel products from Japan; antidumping and countervailing measures on large residential washers from South Korea; certain methodologies and their application to antidumping proceedings involving China; and Section 110(5) of the U.S. Copyright Act. Status reports are also expected from Indonesia on measures related to the import of horticultural products, animals and animal products, and from the EU on measures affecting the approval and marketing of biotech products.
NEW ORLEANS -- Charge complaints before the Federal Maritime Commission are increasingly trending toward significant settlements or awards, industry officials said, urging shippers to file complaints if they believe they’re facing unfair carrier practices. Carriers are choosing to settle rather than draw the FMC’s attention, they said, especially for complaints involving demurrage or detention fees.
NEW ORLEANS -- The Bureau of Industry and Security is working with CBP to try to speed up reviews of exports that may be subject to the October China chip controls (see 2210070049), said Teresa Telesco, a BIS official. Telesco, speaking April 25 during the National Customs Brokers & Forwarders Association of America’s annual conference, urged freight forwarders and other parties handling exports to take steps to make sure their semiconductor-related shipments aren’t being delayed, including by having technical information “on hand” to show CBP agents.
Companies should expect China to increase the use of its so-called Unreliable Entity List following the addition of U.S. defense companies Lockheed Martin and Raytheon to the list in February (see 2302160064 and 2304180029), Beijing-based Zhong Lun law firm said in an April client alert posted by Lexology. The firm said “we anticipate” that the “trade ban rules may be developed into a full-fledged and well-designed mechanism with increased enforcement of the UEL Provisions in the future,” saying Chinese companies should make sure they're running “effective compliance programs” to comply with the list.