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Commerce Releases Remand Redetermination in Russian Phosphate Fertilizers CVD Case
December 20, 2022 |Litigation

The Commerce Department on Dec. 16 filed its remand redetermination in a Court of International Trade case stemming from its countervailing duty investigation on phosphate fertilizers from Russia (The Mosaic Company v. U.S., CIT #21-00117). Commerce reconsidered its calculation of the total sales for EuroChem, its calculation of the natural gas benchmark, and its analysis of mining rights for less than adequate remuneration. Commerce revised its subsidy rate calculations for EuroChem from 47.05% to 23.77%, for PhosAgro from 9.19% to 14.3%, and the "all others" rate from 17.2% to 16.3%.

Topics:Court of International Trade activity
WTO Report Shows Increase in Trade Restrictions Due to Economic Uncertainty
December 8, 2022 |World Trade Organization

Trade restrictions are becoming more commonplace in the wake of the economic uncertainty created by the COVID-19 pandemic, war in Ukraine and food security crisis, the World Trade Organization director-general said in an annual overview of international trading environment developments. The WTO Trade Monitoring Report said the restrictions are coming at a higher clip, especially for food, feed and fertilizers. WTO Director-General Ngozi Okonjo-Iweala called on members to refrain from further adoption of export restrictions in an effort to salvage the global economic outlook.

WTO Report Shows Increase in Trade Restrictions Due to Economic Uncertainty
December 8, 2022 |WTO

Trade restrictions are becoming more commonplace in the wake of the economic uncertainty created by the COVID-19 pandemic, war in Ukraine and food security crisis, the World Trade Organization director-general said in an annual overview of international trading environment developments. The WTO Trade Monitoring Report said the restrictions are coming at a higher clip, especially for food, feed and fertilizers. WTO Director-General Ngozi Okonjo-Iweala called on members to refrain from further adoption of export restrictions in an effort to salvage the global economic outlook.

Russia Expected to Extend Black Sea Grain Deal
November 16, 2022 |Europe

Russia is set to abide by a new deal, brokered by the U.N., allowing Ukrainian grain and other farm products to be exported via the Black Sea, Bloomberg reported Nov. 15. Russia will let the deal renew after it expires Nov. 19, individuals familiar with the situation told Bloomberg, though they didn't specify whether Russia would look to add new conditions in return for the extension. Turkey and the U.N. brokered the original 120-day deal allowing Ukraine to resume its seaborne exports from its ports after Russia's invasion. The new accord would enact a 120-day extension unless one of the parties pulls out or modifies it, Bloomberg said. The U.N. said it will help ensure unimpeded exports of Russian food and fertilizers.