On October 6, 2021, Senator Brian Schatz (D-HI) and Representatives Earl Blumenauer (D-OR) and Brian Fitzpatrick (R-PA) introduced the Fostering Overseas Rule of Law and Environmentally Sound Trade (“FOREST”) Act of 2021 to “deter commodity-driven illegal deforestation around the world.”
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 - Page 6
Revisions to the Department of Commerce’s Antidumping / Countervailing Duty Regulation: Scope Proceedings
By Henry Cao & Eric Emerson
The Final Rule published by the U.S. Department of Commerce (“DOC”) on September 20, 2021, makes substantial modifications to the DOC’s regulations on scope proceedings to be conducted under antidumping and countervailing duty (“AD/CVD”) orders. These new rules amend the…
The Trade and Economic Effects of Foreign Censorship Studied by the US International Trade Commission
By Eric Emerson
At the request of the US Senate Finance Committee, the US International Trade Commission (“ITC”) is investigating the trade and economic effects of foreign censorship practices on US businesses under Section 332 of the Trade Act of 1930 (“Section 332”).…
The US Appears Poised to Pursue a Digital Trade Agreement in Asia – What Does that Mean?
Momentum is building for the United States to pursue a plurilateral digital trade agreement (or possibly a series of bilateral agreements) with trading partners in the Indo-Pacific region, as part of the Biden administration’s strategy to reengage with the region…
Importers Beware: Proposed Updates to Cultural Property Agreements
The United States is currently considering proposals to extend cultural property agreements with the Governments of the Republic of Cyprus and Peru, respectively. Each agreement identifies various types of art and antiquities that have been found to be in…
Revisions to the Department of Commerce’s Antidumping / Countervailing Duty Regulations: Covered Merchandise Referrals
Under the Enforce and Protect Act of 2015 (“EAPA”), U.S. Customs and Border Protection (“CBP”) is authorized to determine whether covered merchandise has entered the United States through evasion, resulting in the reduction or elimination of otherwise applicable antidumping (“AD”)…
Revisions to the Department of Commerce’s Antidumping / Countervailing Duty Regulations: New Shipper Reviews
By Eric Emerson & Judy Wang
The Final Rule published by the Department of Commerce (“Department”) on Monday, September 20, 2021, makes certain modifications to the Department’s regulations on new shipper reviews of antidumping and countervailing duty order. Among other changes, the new regulations increase the…
Is a Global Maritime Carbon Levy on the Horizon? Why Companies Should be Paying Attention to the IMO Proposals and Preparing for Potential Supply Chain Disruption
On September 6, 2021, the International Chamber of Shipping (ICS) announced that it had proposed a global carbon levy on carbon emissions from ships for consideration by the International Maritime Organization (IMO) to “accelerate the uptake and deployment of zero-carbon…
U.S. Imports of Solar Products Face Increased Restrictions
The United States has imposed trade restrictions on imports of solar cells and panels starting in 2012, and since then, the number and nature of these restrictions has grown. The last several weeks have seen a potential for further increase…