A Russian government delegation and U.N. representatives will carry out the next round of negotiations on implementing the agreement that promotes Russian products and fertilizers on the global markets, Russian government news agency Tass said. The meeting, set for May 5, will take place the same date as the deputy defense ministers of Turkey, Russia and Ukraine are due for a discussion on the extension of the Black Sea crop export corridor, Bloomberg reported May 3. The Ukraine grain deal has allowed nearly 30 million tons of Ukrainian crops to be shipped since its signing in July.
The Commerce Department published notices in the Federal Register May 4 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department and the International Trade Commission published the following Federal Register notices May 4 on AD/CVD proceedings:
The Commerce Department on May 3 released the preliminary results of its countervailing duty administrative review on phosphate fertilizers from Russia (C-821-825). The agency calculated a preliminary rate of 53.29% for Joint Stock Company Apatit, the only company under review. That 53.29% CVD rate would apply for cash deposit purposes, and for the purposes of assessments for entries from Apatit for entries Nov. 30, 2020, through Dec. 31, 2021. Changes to Apatit's cash deposit rate would take effect beginning on the date of publication of the final results in the Federal Register.
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
The Office of the U.S. Trade Representative released its 2023 National Trade Estimate Report on Foreign Trade Barriers, highlighting the most significant foreign market issues U.S. exporters are facing. The report focuses on foreign import policies, technical barriers to trade, intellectual property protection, competition, and more.
The Commerce Department announced April 4 the opportunity to request administrative reviews by May 1 for producers and exporters subject to 36 antidumping duty orders and 14 countervailing duty orders with April anniversary dates.
Finland permitted a Russian fertilizer shipment to be shipped through EU territory and exported to a third country to "promote food security," the country said last week. Although EU sanctions don't prohibit imports or the transit of fertilisers from Russia, Finland said it seized the shipment earlier this month because the country suspected it of being owned by a sanctioned Russian person, and member states "must freeze the funds and economic resources owned or controlled by sanctioned individuals." The country's foreign ministry released the shipment after receiving a "request for authorization" from the purchaser. The authorisation was "granted under the condition that the fertilisers are exported to a third country to promote food security," Finland said.
The Internal Revenue Service on March 27 released new proposed regulations to “provide guidance” on superfund excise taxes on imported chemicals and substances that took effect July 1 of last year. Comments are due May 30.
The EU General Court in a March 1 opinion granted "interim measures" allowing Russian national Nikita Mazepin, sanctioned in September, to enter the EU to "negotiate his recruitment" as a Formula 1 driver racing under a neutral flag. The opinion marks the first time the court suspended sanctions on a person pending the main hearing of the case, according to the European Sanctions blog.