Despite promises to open markets and reduce protectionism, G-20 and G-8 countries are failing to lead in global trade, according to a recent study from the International Chamber of Commerce. The ICC’s 2013 Open Markets Index found that only one G-20 nation -- Canada -- ranks among the world’s top 20 open markets. No G8 economy ranked in the top 10. The study also found that the so-called BRIC countries -- Brazil, Russia, India, and China -- are lagging in openness due to restrictive trade policies. The ICC index ranks 75 countries on observed trade openness, trade policy, openness to foreign direct investment and trade-enabling infrastructure. It gives countries a score between one and six based on those factors. The two highest-performing economies were Hong Kong and Singapore. The worst-performing were Uganda, Bangladesh, Sudan and Ethiopia. G20 economies had an average score of 3.4, behind the global standard. The average score across the 75 countries was 3.6, a slight improvement from 2011’s score from 3.5.
Russia export controls and sanctions
The use of export controls and sanctions on Russia has surged since the country's invasion of Crimea in 2014, and especially its invasion of Ukraine in in February 2022. Similar export controls and sanctions have been imposed by U.S. allies, including the EU, U.K. and Japan. The following is a listing of recent articles in Export Compliance Daily on export controls and sanctions imposed on Russia:
On June 7-10, the Foreign Agricultural Service posted the following GAIN reports:
On June 5, the Foreign Agricultural Service posted the following GAIN reports:
Despite progress on restricting Iran’s economy -- implementing expansive sanctions, enforcing export controls, targeting the country’s oil and shipping sectors -- Iran and its progressing nuclear program remain a national security threat, and the U.S. must continue the sanctions pressure, federal officials and lawmakers said at a Senate Banking Committee hearing June 4.
A listing of recent antidumping and countervailing duty messages from the International Trade Administration posted to CBP's website May 31, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
On June 3, the Foreign Agricultural Service posted the following GAIN reports:
The Commerce Department and the International Trade Commission initiated the five-year Sunset Review of the antidumping and countervailing duty orders on carbon and certain alloy steel wire rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine (A-351-832 / C-351-833, A-560-815, A-201-830, A-841-805, A-275-804, and A-823-812); circular welded carbon-quality steel pipe from China (A-570-910 / C-570-911); and silicon metal from Russia (A-821-817),
The International Trade Commission is publishing notices in the June 3 Federal Register on the following AD/CV injury, Section 337 patent, and other trade proceedings (any notices that warrant a more detailed summary will appear in another ITT article):
The World Trade Organization (WTO) posted the following notices from May 30-31 (may have to click twice on source documents for proper viewing):
The government of Canada issued the following trade-related notices for May 24 (Note that some may also be given separate headlines.)