The European Commission has decided to repeal its decision accepting an undertaking from China regarding imports of certain castings from China, as it has determined that China has breached the terms of the agreement. Accordingly, the AD duties imposed by Article 1(2) of Regulation (EC) No 1212/2005 on imports of the product concerned produced by the subject companies will apply effective July 15, 2010.
In the July 14, 2010 editions of the Official Journal of the European Union, the following trade-related notices were posted:
On July 13, 2010, Gov.cn reported that the China National Textile and Apparel Council stated that half of China's textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry's thin profit margins. Profit margins for the country's textile companies stands at 3 to 5 percent, which has been squeezed by the the appreciation of the yuan, rising raw material and labor costs. The government conducted a yuan stress test in March, which showed profit margins of labor-intensive textile companies would drop by 1 percentage points if the yuan appreciates by 1 percent.
On July 13, 2010, the European Commission proposed to confer to EU Member Countries the freedom to allow, restrict or ban the cultivation of Genetically Modified Organisms (GMOs) on part or all of their territory. According to the EC, the legislative proposal will be adopted through co-decision with the European Parliament and the Council.The EC has also issued a question and answer document on the European Union's "new approach" to the cultivation of GMOs.
The Canadian International Trade Tribunal will hold a public hearing on July 27, 2010 to consider A.M.A. Plastics Ltd. v. President of the Canada Border Services Agency, on whether blocks of rock wool, which are classified under tariff item No. 6806.10.90, are entitled to the benefit of tariff item No. 9903.00.00 as articles and materials which enter into the cost of manufacture or repair of, and are for use in agricultural or horticultural machines of heading No. 84.36.
On June 17, 2010, Health Canada has approved amendments to its regulations that permit ascorbyl palmitate and tocopherols as Class IV preservatives in (1) infant formula, at a maximum level of use of 0.001% as consumed and (2) in oils used in infant formula, at levels consistent with good manufacturing practice.
The Ministry for Economic Development of the Russian Federation has created a new website in English about Russian trade regulations, the customs union between Russia, Kazakhstan and Belarus, trade events. etc.
The World Trade Organization has posted a discussion forum and an article containing research and analysis regarding how the conservation of forestry is handled by WTO law, which states, among other things, that there needs to be a closer match between rules on natural resource conservation and the rules of international trade.
In the July 10 and July 13, 2010 editions of the Official Journal of the European Union, the following trade-related notices were posted:
The National Institute of Standards and Technology posts drafts and changes to foreign technical regulations for manufactured products which may be considered technical barriers to trade and are therefore required to be reported to the World Trade Organization, which distributes the information to WTO Member countries.