The International Trade Commission is preparing for new Chinese export controls on germanium and gallium to have a potentially “significant” impact on global supply chains, it said in a recently issued executive trade briefing (see 2307050018).
The U.S. told the World Trade Organization's Committee on Safeguards about the start of its safeguard investigation on fine denier polyester staple fiber, the WTO announced this week. The U.S. opened the investigation on Feb. 28, telling parties that wish to participate to file an entry of appearance with the secretary to the International Trade Commission no later "than 21 days after publication of the notice of institution in the Federal Register."
Senate Finance Committee ranking member Mike Crapo, R-Idaho, along with six Democrats, six Republicans and independent Sen. Kyrsten Sinema, urged the administration to come out against a proposal at the World Trade Organization to waive intellectual property protections for COVID-19 diagnostics and therapeutics. There already is an IP waiver for vaccines against the disease. The waivers, which loosen the Trade-Related Aspects of IP Rights, or TRIPS, in the body, "could have unintended consequences for the development of new treatments for dangerous diseases, while doing little to improve access to medicine," they argued.
India extended its free import policy for urad beans and tur/pigeon peas for another year, the Directorate General of Foreign Trade announced. The import policy will now run until March 31, 2025, and specifically applies to urad of Indian Tariff Code (Harmonized System) 07133110 and tur/pigeon peas of ITC(HS) 07136000.