Argentina has requested dispute consultations with Peru at the World Trade Organization over Peru's antidumping and countervailing duties on biodiesel from Argentina, the WTO announced. Argentina is contesting six measures imposed by Peru: 1) the original CVD investigation, 2) the original AD investigation, 3) the CVD changed circumstances review, 4) the AD changed circumstances review, 5) the CVD sunset review, and 6) the AD sunset review.
The Group of Seven nations intends to implement a price cap on Russian-origin crude oil and petroleum products, according to a joint statement released Sept. 2 by the G-7 Finance Ministers from their summit in Elmau, Germany. The statement included plans to implement a "comprehensive prohibition of services" that support maritime transportation of Russian-origin crude oil and petroleum products, based on "a recordkeeping and attestation model" covering relevant contracts. The G-7 said that they were urgently working to finalize and implement the measure in their own jurisdictions through domestic legal processes while building support internationally for the measure.
The Commerce Department's Bureau of Industry and Security charged PJSC Lukoil, a Russian multinational energy company, with violations of the Export Control Reform Act for the export of a U.S.-manufactured aircraft from Dubai to Russia, according to an Aug. 31 notice. BIS says that Lukoil "effectively owned, controlled, chartered or leased, through a series of shell companies, at least one U.S.-origin aircraft" subject to the Export Administration Regulations and that its export in March violated license requirements imposed in February.
The Group of Seven nations intend to implement a price cap on Russian-origin crude oil and petroleum products, according to a joint statement released today by the G7 Finance Ministers.
The U.K. suspended its antidumping duty on hot-rolled flat products of iron, non-alloy or other alloy steel from Ukraine, the Department for International Trade announced Aug. 30. The move accepts the Trade Remedies Authority's recommendation to suspend the antidumping duties on the Ukrainian good for nine months, a decision made after the agency found that market conditions for Ukrainian hot-rolled steel changed following Russia's invasion. The TRA said injury to the U.K. industry is unlikely to happen with a nine-month suspension.
Solaiyappan Ramanathan, a permanent resident of Singapore, was ordered to pay a $558,000 fine by the Singapore State Courts for making false statements when applying for Preferential Certificates of Origin for goods his company exported, Singapore Customs announced Aug. 31. Solaiyappan is the former director of Feccuni Singapore Pte. and sole owner of Shakambri Overseas -- companies set up to import and export scrap metals and other metal products from local and overseas suppliers.
The Bureau of Industry and Security on Aug. 26 issued a temporary denial order barring a Belgian company and its owner for fraudulently attempting to acquire accelerometers from the U.S. on behalf of prohibited end-users in China. BIS said it suspended export privileges for Knokke-Heist Support Corporation Management (also known as Hasa-Invest) and Hans De Geetere after their “false statements made to U.S. companies to obtain the items” raised “significant concerns of future violations.”
The Office of the U.S. Trade Representative is seeking public comments on how well China is fulfilling its commitments to the World Trade Organization. There will be no public hearing due to COVID-19, but the interagency Trade Policy Staff Committee will facilitate public participation via written questions and written responses. Written comments are due at www.regulations.gov, docket number USTR-2022-0012, by Sept. 28 at 11:59 pm EDT. Government officials will pose written questions to commenters in October, and the original writers will have until Oct. 26 at 11:59 pm EDT to respond.
Businesses trading in and with the U.K. should prepare for a range of new border trade controls and procedures, including new phytosanitary measures and a revised trusted trader program, Institute of Export and International Trade experts said this week. While it’s unclear when some of the new measures will take effect, experts with the institute said traders can take steps now to make sure they comply with the regime.
Mexico and Brazil recently announced antidumping duty actions and decisions on certain products from mainland China, the Hong Kong Trade Development Council reported Aug. 19.