There exists a deep-seated practice and tradition of resorting to consensus as the favoured means of decision-making at the World Trade Organization (WTO). This practice was carried over from the time of its predecessor, the General Agreement on Tariffs and
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 7
Phasing Out Fossil Fuel Subsidies: Any Prospect for Meaningful Multilateral Action?
This November, the United Kingdom will host the 26th UN Climate Change Conference (COP26) in Glasgow, from October 31 to November 12, 2021. As part of its preparations, the UK Parliament International Trade Committee recently launched an inquiry on COP26…
The EU CBAM: What the Proposed Regulation Covers, What Happens Next, and What Companies Should be Thinking About Now
The European Commission’s recently released proposal for a Carbon Border Adjustment Mechanism (CBAM) forms a critical part of the European Union’s Fit for 55 Package, discussed in a previous blog. The proposed EU CBAM will require importers of certain…
Met Artifact Return Highlights Museums’ Legal, Ethical Risks
By Luke Tillman
Luke Tillman and Rebecca Robinson recently published an article in Law 360 assessing US regulations governing the importation of certain types of artwork and cultural antiquities. The article explores how these laws may also be implicated in museum efforts to…
Federal Circuit Reverses CIT’s Decision on the President’s Ability to Modify Section 232 Tariffs
On July 13, 2021, the U.S. Court of Appeals for the Federal Circuit (“CAFC”) released its opinion reversing the U.S. Court of International Trade’s (“CIT”) decision that President Trump had unlawfully doubled tariffs on imports of steel from Turkey under…
The European Commission Proposes to Raise Climate Targets Across Sectors Under the Fit for 55 Package to Further Decarbonize the Economy
Yesterday, the European Commission published the long-awaited “Fit for 55” Package designed to drive forward the EU’s objective to radically reduce dependence on fossil fuels. As European Commission President von der Leyen stated in the press conference, the “fossil fuel…
Biden Administration Targets Xinjiang-based Solar Companies over Labor Allegations
On June 24, 2021, US Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) pursuant to 19 USC 1307 against Xinjiang, China-based Hoshine Silicon Industry Co. Ltd. and its subsidiaries (Hoshine). The WRO instructs CPB personnel to detain…
CBP Publishes New Import Restrictions on Archeological Material from Turkey
By Luke Tillman
US Customs and Border Protection (CBP) maintains a comprehensive set of regulations restricting the importation of various pieces of artwork, antiquities, and cultural property. On June 16, 2021, CBP published in the Federal Register a final rule amending those regulations…
Duty Evasion Contributes to Reduction in U.S. Trade Deficit with China During the U.S.-China Trade Conflict
By Eric Emerson
Economists from the Federal Reserve Bank of New York recently published a report analyzing the US-China trade deficit after the imposition of Section 301 tariffs on imports from China in 2018. They concluded that the trade deficit narrowed, but attributed…
Germany Introduces New Human Rights and Environmental Responsibilities for Parties in B2B-Relationships
The German Federal Parliament has adopted a new Act on Corporate Due Diligence Responsibilities in Supply Chains (‘the Supply Chain Act’) on Friday, June 11, 2021, due to enter into effect on January 21, 2023. By virtue of the Supply…