World Trade Organization members last week agreed on chairpersons for 13 of the body's subsidiary committees for 2024, the WTO announced:
The EU on May 31 opened compliance proceedings against Colombia regarding the South American nation's alleged failure to comply with World Trade Organization rulings regarding its antidumping duties on frozen fries from Belgium, the Netherlands and Germany, the EU's Directorate-General for Trade announced.
The EU and Australia will implement recent World Trade Organization panel rulings that found the nations lost in their respective disputes, the countries said during the May 24 meeting of the Dispute Settlement Body. The EU dispute involved the bloc's measures on palm oil and biofuels from Malaysia, while Australia's dispute focused on Australian antidumping and countervailing duties on Chinese imports.
China’s commerce ministry this week declined to confirm reports that it’s considering new import tariffs on European and American vehicles (see 2405220042) and instead continued to criticize U.S. and EU measures against Chinese electric cars.
A December executive order that gave the U.S. broader authority to sanction financial institutions involved in shipping goods to Russia has had a “meaningful impact” on Russia’s military industrial supply chains so far, Treasury Secretary Janet Yellen said this week.
China may consider raising import tariffs on cars from the EU, the U.S. and possibly elsewhere, the China Chamber of Commerce to the EU said this week.
The U.S. hasn’t done enough to coordinate its China-related trade restrictions with U.S. allies, especially its semiconductor export controls, Craig Allen, head of the U.S.-China Business Council, told Biden administration officials this week.
China this week launched an antidumping duty probe on imports of polyoxymethylene copolymers, an industrial plastic, from the U.S., the EU, Japan and Taiwan, the country’s Ministry of Commerce said, according to an unofficial translation. China said the plastic has "high mechanical strength” and can “partially replace metal materials such as copper, zinc, tin, and lead,” including in auto parts and industrial machinery. The ministry is accepting public comments on the scope of the probe within 20 days and is expecting to complete the investigation within one year, although it can extend that timeline by six months.
U.S. export controls may not be the best way to counter China’s legacy semiconductor industry, especially because the EU and other allies aren’t likely to adopt similar restrictions, researchers said this month. The researchers said they expect the U.S. to turn more frequently to entity-based controls -- including through the Bureau of Industry and Security’s Entity List -- and other national security tools to address risks relating to more mature-node chips.
The World Trade Organization's published agenda for the Dispute Settlement Body's May 24 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 also are expected from Indonesia on measures related to the import of horticultural products, animals and animal products; from the EU on measures affecting the approval and marketing of biotech products; and from China on AD measures on stainless steel products from Japan.