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Global Trade Policy Blog
The Global Trade Policy Blog, published by Steptoe LLP, covers developments in international trade law and policy, including antidumping and countervailing duty proceedings, trade remedies, tariff regulations, and investment treaties. It addresses regulatory changes such as the Department of Commerce's rules on particular market situations, updates on U.S. trade actions like Section 301 tariffs, and regional trade agreements including the African Continental Free Trade Area's investment protocol. The blog also explores the intersection of industrial policy and international investment agreements, focusing on performance requirements and their implications for foreign direct investment and trade relations.
Latest from Global Trade Policy Blog
Particular Market Situation (PMS): New Regulations in DOC Antidumping Proceedings
By Katy Shin & Eric Emerson
On March 25, 2024, the Department of Commerce (“Department”) published its final regulation for evaluating particular market situation (“PMS”) allegations in the context of antidumping duty (“AD”) proceedings.1 The bulk of these new rules cover the application and analysis…
The AfCFTA’s Investment Protocol: the bell tolls for first-generation intra-African BITs and their more conventional investor protections
Introduction
In February 2023, the Member States of the African Union (the “AU”) adopted the Protocol on Investment (the “Protocol” – the January 2023 version is publicly available here) to the Agreement Establishing the African Continental Free Trade Area…
USTR Publishes Details of Section 301 Tariff Increases, Requests Comments
By Judy Wang & Eric Emerson
On May 22, 2024, the United States Trade Representative (“USTR”) published details regarding proposed increases in Section 301 tariffs on imports from China following the results of its statutorily required four-year review of the Section 301 tariff actions. (For additional…
Industrial Policy Is Making a Comeback – With Some Investment Treaty Protections Standing in Its Way
On 18 January 2024, Steptoe and the British Institute of International and Comparative Law (BIICL) held a launch event for their joint empirical study on performance requirement prohibitions (PRPs) in international investment agreements (IIAs) (recording and publication available here).…
European Parliament and Council Adopt New Trade Instrument to Defend European Interests from Economic Coercion
On 23 October 2023, the Council of the European Union adopted a regulation known as the Anti-Coercion Instrument (ACI), a new trade instrument which will enable the European Union (EU) and its Member States to respond to so-called ‘economic blackmail’…
Amid Growing Trade Tensions, U.S. Imposes Unprecedented Restrictions on Outbound Investments to China
On August 9, 2023, the Biden administration issued a much-anticipated Executive Order establishing a new regime to limit certain U.S. investments in key Chinese technology sectors to prevent the financing of Chinese military advancement. The order, once implemented via regulation,…
We’ll always have Paris? European Commission formally proposes the withdrawal of the European Union from the Energy Charter Treaty, invoking the Paris Agreement
On 7 July 2023 the European Commission published a formal proposal for the withdrawal of the European Union (EU) from the Energy Charter Treaty (ECT or the Treaty). The move comes after many years of intensive efforts (notably by the…
Officially Coming to a Country Near You: the UK Set to Accede to the CPTPP
The United Kingdom (UK) is officially set to sign the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the CPTPP Ministerial-level Meeting, which is scheduled to take place on 15-16 July 2023 in Auckland, New Zealand.
As we previously…
Unveiling the Landmark IPEF Supply Chain Agreement
The members of the Indo-Pacific Economic Framework (IPEF) reached a significant milestone at the IPEF Ministerial Meeting in Detroit, Michigan with the substantial conclusion of negotiations on a landmark Supply Chain Agreement. This agreement, involving all 14 IPEF member countries…