The U.S. ambassador to the World Trade Organization published a blunt response to reform discussions, arguing that the underpinning of the WTO -- that all countries should receive the same tariff rate, unless there is a comprehensive free-trade agreement between them -- was naive, "and that era has passed."
EU ministers and Parliament members this week urged the bloc to respond forcefully to China’s rare earth export restrictions if Beijing doesn’t repeal them or swiftly grant export licenses to European companies. Some also said they’re skeptical Beijing’s one-year suspension for some of its export controls will last.
China requested dispute consultations at the World Trade Organization last week with India, regarding the latter's incentives in the automotive and renewable energy sectors, the WTO announced.
A World Trade Organization dispute settlement panel found last week that Colombia has failed to comply with the findings of an arbitration panel regarding the nation's antidumping duties on frozen fries from Belgium, Germany and the Netherlands.
The EU and Uzbekistan concluded their bilateral negotiations on market access to services and goods, which the EU touted as a "significant milestone in Uzbekistan's accession to the World Trade Organization," the European Commission announced. The bilateral trade deal includes Uzbekistan's commitments on "maximum tariff rates for import and export of goods" and the nation's concessions in services. The commitments will be "embodied in the future Protocol of Accession of Uzbekistan to the WTO," the commission said. The EU and Uzbekistan also signed the Enhanced Partnership and Cooperation Agreement on Oct. 24, which boosts bilateral cooperation across trade and investment issues, the commission said.
Vietnam has agreed to join the World Trade Organization's Multi-Party Interim Appeal Arbitration Arrangement (MPIA), the European Commission said. The MPIA, which has been championed by the EU as an alternative to the defunct Appellate Body, now includes 58 WTO members, including China, Japan and the U.K. The European Commission said the MPIA "supports rules-based trade, and each new adhesion increases the stability of multilateral trading relations."
Sen. Rick Scott, R-Fla., announced Oct. 9 that he's introducing a resolution that calls for applying “all applicable sanctions authorities against officials of the Chinese Communist Party, including sanctions authorized by the Global Magnitsky Human Rights Accountability Act.” The resolution accuses Chinese President Xi Jinping of "deceit, undermining prospects for peace and security, and orchestrating crimes against humanity." It lists dozens of examples of China's objectionable behavior, including supporting Russia’s war against Ukraine, threatening to take over Taiwan, conducting “genocide” against Uyghur Muslims and violating its World Trade Organization obligations.
The European Commission announced a new proposal Oct. 6 to shrink the size of its tariff-rate quota for steel to 18.3 million tons a year and double the tariff rate for out-of-quota steel to 50%. The proposal would decrease the quota by 47% from 2024 and double the current 25% tariff rate applicable to out-of-quota steel.
A World Trade Organization dispute panel on Oct. 2 found that the EU violated its WTO commitments in its antidumping and countervailing duty proceedings on stainless steel cold-rolled flat products from Indonesia. Specifically, the dispute panel rejected the European Commission's attempt to countervail Chinese transnational subsidies in the Indonesian steel sector.
Rep. Eric “Rick” Crawford, R-Ark., introduced a bill Sept. 30 that would require the president to form a task force to identify trade barriers to U.S. agricultural exports and develop and implement a strategy to enforce trade agreements against those barriers.