1. 5/30/22, 2:41 PM Trade Update – May 23, 2022 | ELPLAW
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Trade Update – May 23, 2022
May 23, 2022
Author(s) :
Parthsarathi Jha (https://elplaw.in/people/parthsarathi-jha)
, Sanjay Notani (https://elplaw.in/people/sanjay-
notani)
, Naghm Ghei, Harleen Sandha, Shruti Agarwal
KEY TRADE REMEDIAL UPDATES
Product Subject
countries
Investigation Particulars
USA (Department of Commerce/International Trade Commission)
Steel Nails India, Sri
Lanka,
Thailand &
Turkey
Anti-dumping
Duty (AD)
investigation
Postponement of Preliminary Determinations in the Less-Than-Fair-Value
Investigations
(https://www.federalregister.gov/documents/2022/05/20/2022-
10934/certain-steel-nails-from-india-sri-lanka-thailand-and-the-republic-of-
turkey-postponement-of)
Barium
Chloride
India AD
investigation
Postponement of Preliminary Determinations in the Less-Than-Fair-Value
Investigation
(https://www.federalregister.gov/documents/2022/05/20/2022-
10932/barium-chloride-from-india-postponement-of-preliminary-
determination-in-the-less-than-fair-value)
Seamless
Refined
Copper Pipe
China &
Mexico
Continuation
of AD
Final determination of likelihood of continuation or recurrence of dumping
(https://www.federalregister.gov/documents/2022/05/23/2022-
11003/seamless-refined-copper-pipe-and-tube-from-the-peoples-republic-
of-china-and-mexico-continuation-of)
Freight Rail
Coupler
Systems
and
Components
China Countervailing
Duty (CVD)
USDOC issues final affirmative Countervailing Duty Determination
(https://www.federalregister.gov/documents/2022/05/20/2022-
10933/freight-rail-coupler-systems-and-certain-components-thereof-from-
the-peoples-republic-of-china-final)
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Coated
Paper
Suitable or
High-Quality
Print
Graphics
using Sheet-
Fed Presses
China and
Indonesia
AD & CVD USITC issues determination of continuation or recurrence of material injury
on revocation of AD & CVD
(https://www.usitc.gov/press_room/news_release/2022/er0518ll1938.htm)
WTO, FTAs
WTO launches a new WTO data portal to provide easy access to key databases offering trade statistics and
information on WTO members’ trade-related measures
(https://www.wto.org/english/news_e/news22_e/stat_17may22_e.htm)
WTO releases Trade Policy Reviews of Switzerland and Liechtenstein
(https://www.wto.org/english/tratop_e/tpr_e/tp525_e.htm)
Putin Orders ‘comprehensive Assessment’ Of WTO Members’ Actions Against Russia
(https://www.republicworld.com/world-news/russia-ukraine-crisis/putin-orders-comprehensive-assessment-of-
wto-members-actions-against-russia-articleshow.html)
India
Unfair to blame wheat inflation on export curbs: India to WTO
(https://economictimes.indiatimes.com/news/economy/foreign-trade/unfair-to-blame-wheat-inflation-on-export-
curbs-india-to-wto/articleshow/91696227.cms)
Russia takes first steps to withdraw from WTO, WHO (https://www.politico.eu/article/russia-takes-first-steps-to-
withdraw-from-wto-who/)
EU
EU and the Union of Comoros sign deal concluding their bilateral market access negotiations on services and
goods as part of Comoros’ accession process to the WTO
(https://ec.europa.eu/newsroom/trade/items/747188/en)
UK
UK kicks off talks on modern trade deal with Mexico (https://www.gov.uk/government/news/uk-kicks-off-talks-
on-modern-trade-deal-with-mexico)
Joint Statement issued on UK-Colombia trade dialogue (https://www.gov.uk/government/news/joint-statement-
on-uk-colombia-trade-dialogue)
TRADE POLICY
India
RBI approves trade transactions between India and Sri Lanka to be settled in Indian rupee outside the Asian
Clearing Mechanism (https://www.business-standard.com/article/finance/rbi-approves-india-sri-lanka-trade-

3. 5/30/22, 2:41 PM Trade Update – May 23, 2022 | ELPLAW
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settlement-in-rupee-outside-acu-122051901668_1.html)
USA
S.-EU Trade and Technology Council Establishes Economic and Technology Policies & Initiatives
(https://www.commerce.gov/news/fact-sheets/2022/05/fact-sheet-us-eu-trade-and-technology-council-
establishes-economic-and)
CUSTOMS
Ministry of Finance notifies imposition of Anti-Dumping duty on Polyurethane Leather which includes any kind of
textile coated one sided or both sided with Polyurethane imported from People’s Republic of China
(https://egazette.nic.in/WriteReadData/2022/235906.pdf)
Ministry of Finance notifies its decision not to accept positive final findings of the DGTR in its Sunset Review of
anti-dumping investigation on imports of Elastomeric Filament Yarn from China PR, South Korea, Taiwan and
Vietnam (https://www.dgtr.gov.in/sites/default/files/TRU%20OM%20EFY%20FF%20reg%20dated%2018-05-
22.pdf)
Amendment in Export Policy of Bamboo Charcoal, Bamboo obtained from legal source is allowed Freely subject
to certain policy conditions. (https://egazette.nic.in/WriteReadData/2022/235883.pdf)
Amendment in import policy condition of Fresh Ginger under Chapter 09 of the ITC (HS) 2022, Schedule I (Import
Policy). (https://egazette.nic.in/WriteReadData/2022/235885.pdf)
The last date for submission of online applications for allocation of Tariff Rate Quota (TRQ) under India–UAE
CEPA first two quarters of FY 2022-23 (01 May 2022 to 30 Sep 2022) has been extended till 31.05.2022
(https://egazette.nic.in/WriteReadData/2022/235892.pdf)
Enlistment of an Agency and amendment in details of an authorized agency under Appendix 2E of FTP, 2015
2020 authorized to issue Certificate of Origin (Non preferential)
(https://egazette.nic.in/WriteReadData/2022/235938.pdf)
Certain amendments to product specific rules provided under Customs Tariff (Determination of Origin of Goods
under the Comprehensive Economic Partnership Agreement between the Republic of India and Japan)
Amendment Rules, 2022 (https://egazette.nic.in/WriteReadData/2022/235905.pdf)
Ministry of Finance has reduced Road and Infrastructure Cess on petrol and diesel
(https://egazette.nic.in/WriteReadData/2022/235956.pdf)
Amendments to Second Schedule to the Customs Tariff Act, 1975 and to various Notification
(https://egazette.nic.in/WriteReadData/2022/235957.pdf)
Centre Waives Import Duty on Some Raw Materials for Steel Industry
(https://www.news18.com/news/business/centre-waives-import-duty-on-some-raw-materials-for-steel-
industry-5223211.html)
Plastics, cement and steel prices to ease (https://www.financialexpress.com/economy/plastics-cement-and-
steel-prices-to-ease/2533365/)
Centre hikes the duty on exports of iron ore up to 50 per cent, and a few steel intermediaries to 15 per cent
(https://www.business-standard.com/article/economy-policy/centre-waives-import-duty-on-some-raw-materials-
for-steel-industry-122052100895_1.html)
SANCTIONS AND EXPORT CONTROL

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G7 Foreign Ministers released a statement on Russia sanctions stating that sanctions will not target essential
exports of food and agricultural inputs to developing countries and include measures to avoid negative
consequences for the production and distribution of food. (https://www.europeansanctions.com/2022/05/g7-
foreign-ministers-statement-on-russia-sanctions/)
USA
OFAC designated alleged ISIS financial facilitators and issued Syria General Licence
(https://www.europeansanctions.com/2022/05/ofac-lists-isis-financial-facilitators-issues-syria-gl/)
EU
EU Court of Justice dismissed an appeal against the Democratic Republic of the Congo-Related Sanctions
(https://www.europeansanctions.com/2022/05/ecj-dismisses-drc-sanctions-appeal-2/)
European Commission has updated its Russia sanctions-related FAQs on deposits, trading, public procurement,
state-owned enterprises, customs and access to EU ports. (https://www.europeansanctions.com/2022/05/eu-
commission-updates-russia-sanctions-faqs-2/)
EU Court upholds Amer Foz’s Syria sanctions listing over links to brother
(https://www.europeansanctions.com/2022/05/eu-court-upholds-amer-fozs-syria-sanctions-listing-over-links-to-
brother/)
UK
OFSI has issued and amended certain General Licence related to Russia
(https://www.europeansanctions.com/2022/05/ofsi-issues-amends-russian-gls/)
Yousef Ismail was removed from the UK’s Syria sanctions list (https://www.europeansanctions.com/2022/05/uk-
de-lists-1-from-syria-sanctions/)
UK designated 3 Russian airlines under its Russia sanctions regime
(https://www.europeansanctions.com/2022/05/uk-lists-aeroflot-ural-airlines-rossiya-airlines/)
UK guarantee up to $50 million financing to Ukraine to continue electricity provision during latest G7 meeting
(https://www.gov.uk/government/news/chancellor-sets-out-further-economic-support-for-ukraine-at-g7-meeting-
in-bonn)
UK enhances military end-use controls & restrictions on China exports
(https://www.europeansanctions.com/2022/05/uk-enhances-military-end-use-controls-restrictions-on-china-
exports/)
Disclaimer: The information contained in this document is intended for informational purposes only and does not
constitute legal opinion or advice. This document is not intended to address the circumstances of any individual or
corporate body. Readers should not act on the information provided herein without appropriate professional advice
after a thorough examination of the facts and circumstances of a situation. There can be no assurance that the
judicial/quasi-judicial authorities may not take a position contrary to the views mentioned herein.

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