The Biden administration said it will appeal a January panel decision at the World Trade Organization that the Commerce Department was wrong to resort to “facts available” calculations of subsidies or cost of production when companies submitted information after deadline and submitted information that was verifiable. The panel also said that the Commerce Department at times was unclear in its requests to firms in South Korean steel and large power transformer antidumping and countervailing duty cases, and that the penalties should be recalculated.
A top European Commission trade official said that it's not reasonable to expect that countries can agree on reforms to dispute settlement that would satisfy the U.S. by November this year. So, Ignacio Garcia Bercero said, countries will need to set a goal of restoring the binding dispute settlement system for the 2023 ministerial meeting of the World Trade Organization. “The WTO without binding dispute settlement is not the WTO,” Garcia Bercero said during a presentation online at the Peterson Institute for International Economics on March 19. “The continued escalation of conflicts if we don’t have a functioning dispute settlement system should be something we should all be worried about.”
A former World Trade Organization appellate body member and a longtime U.S. trade representative's environment advisory committee member agree that an attempt to create a carbon adjustment mechanism by the European Union is likely to violate trade law and support protectionist aims.
Central American ambassadors and the Secretariat for Central American Economic Integration asked an audience to rediscover the region as a source of trusted supply chain partners and a way to achieve quicker deliveries with a lower carbon footprint.
Ireland's Prime Minister Micheál Martin told a U.S. Chamber of Commerce audience that as the U.S. is looking for trusted partners to make sure its supply chains are resilient, it should look to Ireland. He noted that his country was the fifth-largest supplier of coronavirus-related goods.
CBP issued a notice in the March 10 Customs Bulletin (Vol. 55, No. 9) regarding the dates and draft agenda for the 67th Session of the World Customs Organization’s Harmonized System Committee (HSC), which will meet virtually March 31-April 9. Among other things, the HSC issues classification decisions on the interpretation of the Harmonized System (HS) in the form of published tariff classification opinions or amendments to the Explanatory Notes. It also considers amendments to the legal text of the HS.
The Office of the U.S. Trade Representative is seeking comments on the complaint that Hong Kong has raised at the World Trade Organization by April 12. The territory of Hong Kong has said that the U.S. is breaking WTO rules by requiring that exporters mark goods from Hong Kong as Made in China, rather than Made in Hong Kong. The U.S. issued an executive order last year making the change because of China's political crackdown against Hong Kong. The marking rule does not affect tariff treatment (see 2008130028).
An Asia expert said that just as China's Made in China 2025 national strategic plan on manufacturing was a wake-up call for American policymakers, it did the same for Germany and German industries. “We are not so different from where the U.S. was the last four years,” Gudrun Wacker said during a joint webinar March 4 with the Hudson Institute and her think tank, the German Institute for International and Security Affairs.
Ngozi Okonjo-Iweala was officially confirmed as the next director-general of the World Trade Organization on Feb. 15, and the U.S. charge d'affaires, David Bisbee, in Geneva said she has deep knowledge and experience in “economics, trade, and diplomacy.” He said, “Dr. Okonjo-Iweala has promised that under her leadership it will not be business as usual for the WTO, and we are excited and confident that she has the skills necessary to make good on this promise.” Myron Brilliant, vice president for international affairs at the U.S. Chamber of Commerce, in congratulating Okonjo-Iweala, said that “we need to restore the WTO as a forum for meaningful trade negotiations and the settlement of commercial disputes. We’re committed to doing our part to make that happen.”
While the World Trade Organization faces multiple crises, including COVID-19 vaccine export control threats and massive trade wars, the institution's Deputy Director-General Alan Wolff delivered a 10-item agenda for moving forward. Speaking Feb. 9 at a Washington International Trade Association conference, Wolff said the WTO will be judged by “how well it deals with the crises of our time,” saying it must “demonstrate soon and visibly that it can deliver on subjects relevant to all those who engage in international trade or are affected by it ... pretty much everyone.”