Several high profile members of the World Trade Organization recently submitted a proposal to penalize countries that are late in submitting notifications of subsidies and other changes to their trade practices. In a document distributed Nov. 1 at the WTO, the U.S., the European Union, Japan, Argentina and Costa Rica set out a series of sanctions for countries that fail to notify, including monetary penalties and the loss of WTO privileges. The WTO Council for Trade in Goods is set to discuss the proposal at a meeting set to begin Nov. 12.
The government of Canada recently issued the following trade-related notices as of Nov. 7 (some may also be given separate headlines):
The World Customs Organization issued the following releases on commercial trade and related matters:
The World Customs Organization issued the following releases on commercial trade and related matters:
The government of Canada recently issued the following trade-related notices as of Nov. 5 (some may also be given separate headlines):
The World Customs Organization issued the following releases on commercial trade and related matters:
The government of Canada recently issued the following trade-related notices as of Nov. 2 (some may also be given separate headlines):
Retaliatory tariffs for U.S. tariffs on steel and aluminum were delayed again by India, the country's Department of Revenue said in a Nov. 1 notice. The tariffs, which were previously delayed to Nov. 2, are now set to take effect on Dec. 17. The retaliatory tariffs, first announced in May (see 1805180064), target agricultural products, motorcycles, steel products, and phosphoric and boric acid, and are aimed at offsetting the $241 million in duties India expects its U.S. customers to pay on its steel and aluminum exports. The tariffs were originally expected in June, but have been delayed multiple times. Many of the items already face high tariffs -- walnuts are taxed at 100 percent, fresh apples at 50 percent, chickpeas at 60 percent, motorcycles at 100 percent -- but the actions would add 10 percent more to many ag products, 20 percent more to walnuts and almonds, and 50 percent more to motorcycles.
The European Union recently issued the following trade-related release (notices of most significance will be given separate headlines):
The government of Canada recently issued the following trade-related notices as of Oct. 31 (some may also be given separate headlines):