Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

International Trade Amicus: February 2017


Article

Implications of facilitating trade – India and the Trade Facilitation Agreement-
With only two more ratifications pending, India’s Category A commitments submitted to the WTO at time of ratification of the Trade Facilitation Agreement, last year, would shortly become binding and enforceable. Listing out India’s commitments under Category A, the author is of the view that while economic gains for India cannot be predicted with certainty, it is certain that eased trading norms would boost trade for India. The article in this issue of International Trade Amicus also states that Category B commitments, for which India has given a time frame of 5 years, would require forethought and planning in order to ensure proper implementation

WTO News
  • WTO IP rules amended to ease access to affordable medicines
  • Russia seeks consultation with EU over anti-dumping duties on Russian steel Finished Carbon
  • Panel report on Russian duties on vehicle imports from Germany and Italy, issued
  • Chinese agricultural subsidies – Panel established
  • USA seeks consultation with China over aluminium subsidies
  • USA disputes Canadian measures affecting sale of wine in stores
Trade Remedy News
  • Ammonium Nitrate from Russia, Indonesia, Georgia and Iran – India extends time limits for filing of rejoinder submissions
  • Cellophane Transparent Film from China – India initiates sunset review for anti-dumping duty
  • Cold-Rolled flat products of alloy or non-alloy steel from China, Japan, Korea RP and Ukraine – India extends provisional anti-dumping duty for further 2 months
  • Colour coated/pre-painted flat products of alloy or non-alloy steel from China and EU – India imposes provisional anti-dumping duty
  • Finished Carbon Steel Flanges from India – USA issues preliminary determination of sales at less than fair value
  • Geogrid/ Geostrips/ Geostraps made of Polyester or Glass Fiber from China – India initiates sunset review of anti-dumping duty
  • Hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea RP, Russia, Brazil and Indonesia – India extends provisional anti-dumping duty by 2 months
  • New Pneumatic Off-the-Road Tyres from India – USA issues final affirmative determination of sales at less than fair value in respect of ADD and final affirmative determination for CVD
  • Nylon Filament Yarn from China, Chinese Taipei, Malaysia, Indonesia, Thailand and Korea RP – India extends anti-dumping duty by one year consequent to initiation of sunset review
  • Phosphoric Acid of all grades and all concentrations (excluding agriculture/fertilizer Grade) from Israel and Taiwan – India initiates sunset review of anti-dumping duty
  • Resealable Can End Closures from India – Australia extends time granted to issue final report
  • Saccharin from China - India extends anti-dumping duty by one year consequent to initiation of sunset review
  • Zinc Coated (Galvanised) Steel from India – Australia extends time to issue Statement of Essential Facts
Ratio decidendi
  • Circumvention of anti-dumping duty – CJEU has held that it is not possible to conclude on the basis of two findings - change in the pattern of trade and failure of the producer-exporters to cooperate, that the company is involved in transhipment operations.
FTA News
  • India considering FTAs with Russia, UK, Peru, Gulf Cooperation Council, while stepping up negotiations for RCEP
February, 2017/Issue-69 February, 2017/Issue-69
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