The U.S.-China Economic and Security Review Commission announced that it will be holding a hearing on March 26, 2012 in Manassas, Virginia. This hearing, the third that the USCC will hold during its 2012 report cycle to collect input from academic, industry, and government experts on national security implications of the U.S. bilateral trade and economic relationship with China, will examine recent trends in China’s computer exploitations and China’s nuclear forces and strategies. Written statements are due from interested parties by March 23, 2012. Reservations are not required to attend the hearing.
Brian Feito
Brian Feito is Managing Editor of International Trade Today, Export Compliance Daily and Trade Law Daily. A licensed customs broker who spent time at the Department of Commerce calculating antidumping and countervailing duties, Brian covers a wide range of subjects including customs and trade-facing product regulation, the courts, antidumping and countervailing duties and Mexico and the European Union. Brian is a graduate of the University of Florida and George Mason University. He joined the staff of Warren Communications News in 2012.
On March 13, 2012, the Senate will resume consideration of S. 1813, a bill that would reauthorize the Federal-aid highway and highway safety construction programs for two years. According to the Senate, several amendments would be voted on during March 13 debate, culminating with a vote on the bill. On March 8, 2012 three amendments were adopted by the Senate, including one on special measures against foreign jurisdictions that impede U.S. tax enforcement.
U.S. Trade Representative Ron Kirk announced that the United States has requested consultations with China at the World Trade Organization (WTO) concerning China’s export restraints on rare earths, as well as tungsten and molybdenum. USTR states that these materials are key inputs in a multitude of U.S. products and manufacturing sectors, including hybrid car batteries, wind turbines, energy efficient lighting, steel, advanced electronics, automobiles, petroleum, and chemicals.
The International Trade Administration has issued the final results of the administrative review of the antidumping duty order on certain corrosion-resistant carbon steel flat products from Korea (A-580-816) which sets AD cash deposit rates for eight manufacturer/exporters, and revokes the order with respect to Pohang Iron & Steel Co., Ltd. and Pohang Coated Steel Co., Ltd.1 These rates, which are effective March 12, 2012, are expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration has issued the final results of the administrative review of the antidumping duty order on polyethylene terephthalate film, sheet, and strip from China (A-570-924) which sets AD cash deposit rates for four exporters and continues the China-wide cash deposit rate from the last review. These rates, which are effective March 12, 2012, are expected to be implemented by U.S. Customs and Border Protection soon.
The UN Economic Council for Europe announced that amendments to the Customs Convention on the International Transport of Goods under cover of TIR carnets (TIR Convention) have gone into force effective January 1, 2012. The amendments1, among other things, (i) explicitly require that issuers of TIR carnets annually notify the TIR Executive Board of the price of each type of TIR Carnet issued, (ii) set the effective date for revocation of authority to issue TIR carnets by Contracting Parties (member countries) at 3 months after the date of revocation, and (iii) make other changes.
The International Trade Administration has issued the final results of the administrative review of the antidumping duty order on floor-standing, metal-top ironing tables and certain parts thereof from China (A-570-888) which sets an AD cash deposit rate for one exporter. This rate, which is effective March 12, 2012, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration has issued the final results of the administrative review of the antidumping duty order on certain new pneumatic off-the-road tires from China (A-570-912) which sets an AD cash deposit rate for one exporter. This rate, which is effective March 12, 2012, is expected to be implemented by U.S. Customs and Border Protection soon.
The Food Safety and Inspection Service and the Food and Drug Administration are sponsoring a public meeting, scheduled for April 23, 2012, to provide information and receive public comments on agenda items, and draft U.S. positions to be discussed at the 20th Session of the Codex Committee on Residues of Veterinary Drugs in Foods (CCRVDF), which will be held in San Juan, Puerto Rico from May 7 - 11, 2012. To participate in the meeting, the call-in number is 1-888-858-2144 and the participant code is 6208658.
With the release of the January 2012 U.S. International Trade in Goods and Services report by the Census Bureau and Bureau of Economic Analysis, Commerce Secretary Bryson issued a statement and a fact sheet stating that U.S. exports increased 1.4% from December 2011 to January 2012, while imports increased 2.1% over the same period. The International Trade Administration says that, as a result, the monthly U.S. goods and services trade deficit was $52.6 billion in January 2012 , an increase of 4.3% when compared to December 2011.