On May 27, 2021, the U.S. Department of Commerce (Commerce) issued its affirmative final determination in the countervailing duty (CVD) investigation of Passenger Vehicle and Light Truck Tires (PVLT) from Vietnam, in which it concluded that the Vietnamese Dong (VND)
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 8
Steptoe Launches Supply Chain University
This week Steptoe launched “Supply Chain University,” a series of short videos in which we dive into the legal, policy, and advocacy issues involving supply chains. As events over the past 18 months have shown, now more than ever, companies…
A Bumpy Road Ahead? How International Standoffs Periodically Hold the WTO Dispute Settlement System Hostage
Recent events at the World Trade Organization (WTO) illustrate how decision-making activities of its Dispute Settlement Body (DSB) can easily be derailed, notably by political frictions spilling over into its meetings. However, the rarity of instances in which the DSB…
Establishment of a UK Trade Remedies Authority
On 29 April 2021, the UK’s long-proposed Trade Bill finally received royal assent and became the Trade Act 2021 (the Act). While the Bill had been introduced in November 2017 by the government of Prime Minister Theresa May and re-introduced…
EU Commission Proposed Regulation to Address Distortions Caused by Foreign Subsidies in the Single Market
On 5 May 2021, the European Commission proposed a Regulation which lays down rules and procedures for investigating foreign subsidies that distort the EU internal market, and with a view to creating a level playing field as between EU and…
US and Mexican Unions, Followed by US Government, File First Labor Cases Under USMCA “Rapid Response” Mechanism
US and Mexican labor unions and, separately, the US Government, have filed the first labor cases under the Rapid Response Mechanism (“RRM”) of the United States-Mexico-Canada Agreement (“USMCA”). The RRM was a relatively late addition to the USMCA – the…
US Department of Energy Revokes Trump Prohibition Order Restricting Chinese Bulk-Power System Electric Equipment and Seeks Comments on Securing US Critical Electric Infrastructure
On April 20, 2021, the US Department of Energy (“DOE”) revoked a December 2020 Prohibition Order issued by the Trump Administration which banned the acquisition, importation, transfer, or installation of certain bulk-power system (“BPS”) electric equipment manufactured or supplied by…
Trade and Climate in the Lead Up to President Biden’s Climate Summit
On April 22, 2021, President Biden will host a virtual summit with 40 world leaders to discuss the global climate change crisis. The “Leaders Summit on Climate” is intended to catalyze more ambitious emissions-reduction efforts by the world’s…
The EU-Korea FTA Labor Dispute: Comparing Labor Provisions Under the EU-Korea FTA and the KORUS FTA
On January 25, 2021, the EU-Korea Panel of Experts found that Korea had failed to uphold its labor obligations to “respect, promote, and realise” the right to freedom of association and to take concrete steps to ratify all eight fundamental…
The EU’s Approach to Reforming the WTO Towards a Sustainable and Effective Multilateral Trading System
On February 18, 2021, the European Commission (the Commission) published its Communication on an Open, Sustainable and Assertive Trade Policy which we previously analyzed in our blog post. Below, we look into the Communication’s Annex on Reforming the WTO:…