World Trade Organization members at the Committee on Trade Facilitation's April 16-17 meeting discussed using digital trade tools to "optimize the movement of goods across borders in line with the committee's decision to focus on this topic in 2024," the WTO announced.
China announced that it is "firmly opposed" to both the U.S. decision to open a new Section 301 investigation on allegedly unfair practices in China's maritime, logistics and shipbuilding sectors (see 2404170029) and President Joe Biden's call for a "tripling" of the existing Section 301 tariffs on Chinese steel and aluminum (see 2404170040).
After October's deadline passed without an agreement between the U.S. and the EU on a global trade deal for steel and aluminum (see 2404040034), talks are still ongoing, the European Commission’s top trade official said during a news conference April 18.
U.S. Trade Representative Katherine Tai gave testimony April 17 to the Senate Finance Committee regarding President Joe Biden’s 2024 trade policy agenda. She touched mainly on trade deal enforcement, U.S. exporters’ access to new markets and the USTR’s new stance on digital trade, though she also discussed issues such as forced labor and the upcoming legislation on the Generalized System of Preferences benefits program.
World Trade Organization members, during an April 11 Committee on Trade and Development meeting, reviewed developments in regional trade agreements and ways to increase developing nations' role in the global trading system, the WTO announced. The committee noted that developing nations face challenges to participating in international trade, including "dependence on commodity exports and higher trade costs." The members addressed policy spaces for developing nations to boost industrial development, including under the WTO's framework of the Agreements on Subsidies and Countervailing Measures, Trade-Related Investment Measures and Trade-Related Aspects of Intellectual Property Rights.
The World Trade Organization's Committee on Regional Trade Agreements met April 8 to consider six regional trade agreements and discuss how to enhance the committee's functionality, the WTO announced. The committee chair, New Zealand's Clare Kelly, said that members agreed to include an "executive summary in the factual presentations, to be drafted and circulated under the responsibility of the Secretariat."
China’s trade remedy bureau chief met with the EU April 10 to express Beijing’s “strong dissatisfaction and firm opposition” to the bloc’s recent launch of an investigation on Chinese wind turbine suppliers (see 2404100010). “This is a protectionist behavior that harms a fair competitive environment in the name of fair competition,” the official told the EU in Brussels, according to an unofficial translation of a readout released by China’s Ministry of Commerce. China said it “urges the EU to immediately stop and correct its wrong practices.”
The EU’s recently announced investigation on Chinese wind turbine suppliers is “discriminatory” toward Chinese companies, the country’s Ministry of Foreign Affairs said this week (see 2404090038). Speaking during a regular press conference on April 10, a ministry spokesperson said the EU should make sure its probe abides by World Trade Organization rules. “China’s new energy sectors’ development is a result of our strong technology, robust market and full-fledged industrial chains,” the spokesperson said. “China will firmly protect the lawful rights and interests of Chinese companies.”
Turkey opened a safeguard investigation on ethyl acetate, the nation told the World Trade Organization's Committee on Safeguards, the WTO announced. Turkey opened the investigation April 6 and said interested parties must file a questionnaire response within 30 days from the start of the investigation.
China’s Ministry of Commerce criticized the Biden administration’s annual report released this week on foreign trade barriers, saying it “arbitrarily accused China of so-called ‘non-market’ policies and practices and barriers in agricultural products, data policies and other aspects.” A ministry spokesperson told reporters. in response to a question about the report, that “whether a country's trade policy constitutes a barrier should be judged based on whether it violates” World Trade Organization rules, according to an unofficial translation. “The United States should stop making false accusations against other countries, earnestly abide by WTO rules, and jointly safeguard a fair and just international trade order.”