The World Trade Organization's 12th Ministerial Conference has been set has been set for the week of June 13 in Geneva, the WTO said Feb. 23. Following Switzerland's easing of COVID-19 restrictions, WTO members at a meeting of the General Council decided to reschedule the ministerial, which had already been rescheduled to begin at the end of November 2021. Originally the conference was to be held in June 2020 in Kazakhstan. MC12 is seen as a key summit for the resolution of many issues in international trade, including the WTO Appellate Body and fishery subsidies.
The European Commission accepted a request from Chinese exporter Hunan Jewelmoon Ceramics to be granted new exporting product treatment, subjecting the company to a 17.9% antidumping duty rate. The request regarded antidumping duties on ceramic tableware and kitchenware from China. Following an analysis, the commission said that the exporter met all three of the conditions for this status. Jewelmoon didn't export the subject merchandise during the investigation period, isn't related to any exporters subject to the ADD measures and exported the product to the EU after the original investigation period. Therefore Hunan Jewelmoon Ceramics was added to the annex listing the cooperating companies not included in the sample for determing the ADD rates in the original subject dumping investigation.
India removed its 10% Agriculture Infrastructure Development tax on lentils effective Feb. 12, according to a USDA Foreign Agricultural Service report. Alongside the removal of import tariffs on lentils in 2021 for all countries except the U.S. (see 2108030034), the elimination of the tax means the effective tariff rate on non-U.S. lentil imports into India is now zero percent. The import duty for U.S. origin lentils was lowered from 33% to 22% “after accounting for the existing basic duty and social welfare surcharge,” the report said. India’s Ministry of Commerce and Industry also announced Feb. 11 that it's moving imports of mung beans “from the freely importable category to the restricted category with immediate effect,” USDA said.
The EU and the U.K. announced another round of sanctions following Russia's invasion of Ukraine. Building off a first wave of restrictions imposed on Russia following troop movement into the Donetsk and Luhansk regions, they either added or announced a series of individuals and entities that will be subject to greater restrictions. The EU said it plans to impose grand sectoral sanctions against Russia, while British Prime Minister Boris Johnson said that the U.K. will impose asset freezes on over 100 new entities and individuals.
The U.S. is imposing additional sanctions and new export controls following Russia's "further invasion of Ukraine," as promised by President Biden in his Feb. 22 speech (see 2202220003). The sanctions cover financial restrictions on Russian state-owned enterprises, banks, and individuals, while the export controls set restrictions on a variety of high-tech products. The new measures are part of an "unprecedented level of multilateral cooperation" according to the White House.
World Trade Organization members initiated membership consideration for Turkmenistan at a Feb. 23 General Council meeting, the WTO said. Turkmenistan's application, officially received in November, originally was set to be considered at the 12th Ministerial Conference the next month until the conference was postponed due to COVID-19. In the meeting's stead, the General Council agreed to set up a working party to oversee accession negotiations with the Central Asian country.
The Los Angeles and Long Beach ports again postponed a new surcharge meant to incentivize the movement of dwelling containers (see 2110280031), the two ports announced Feb. 18. The ports originally planned to begin imposing the fee Nov. 15 but have postponed it each week since. The latest extension delays the effective date until Feb. 25.
The Bureau of Industry and Security’s reorganization and clarification of its foreign direct product rules this month (see 2202020021) could allow the administration to more easily use the rule to target specific Russian sectors if Russia invades Ukraine (see 2202150043), Akin Gump said in a February alert. The law firm outlined how companies can examine recent BIS changes to the FDP rule as a “guide for analyses of the scope and impact of possible” new Russia controls, and how certain changes to the Export Administration Regulations would affect various exports to Russia. Companies should examine whether their foreign-produced items contain certain levels of U.S. origin content, Akin Gump said, and whether they would have to comply with new licensing restrictions if Russia were moved to a different EAR Country Group.
The Census Bureau Feb. 18 emailed tips on how to address the most frequent messages generated this month in the Automated Export System. Response code 515 is a fatal error for when the Export Control Classification Number wasn’t reported in the right format. The ECCN must be reported in a “NANNN format, where N is a numeric character and A is an alpha character,” the agency said. Census said the filer should verify the ECCN, correct the shipment and resubmit.
Although many companies could be affected by a potential expansion of the U.S. foreign direct product rule if Russia invades Ukraine, the U.S., the United Kingdom and Canada can also deploy other export restrictions that could have significant compliance implications, Baker McKenzie lawyers said. Those controls could range from more strict licensing policies to a complete trade embargo on certain Russian annexed territories.