The latest US report detailing Chinese policies involving the transfer of technology, intellectual property and innovation is full of “groundless accusations”, according to China’s Ministry of Commerce. The update, which stems from the Trump administration’s Section 301 investigation, was released a day after the US proposed stepping up scrutiny of …
Miscellaneous EU trade files
Commission to table safeguards on rice imports from Myanmar, Cambodia
The European Commission is mulling safeguard measures against rice from Cambodia and Myanmar, two of Asia’s poorest countries benefiting from the bloc’s Everything-but-Arms trade preferences.
Flash! EU WTO panel request on US Section 232 proceeds
The World Trade Organization’s dispute settlement body will establish panels based on complaints filed by China, the European Union, Canada, Mexico, Norway, and Russia against United States tariffs on steel and aluminium introduced for national security reasons last spring. A Turkish panel request is still pending at the time of writing. …
Quotas in EU free trade agreements don’t deliver the goods
The European Commission released a report on the implementation of its free trade agreements. While the report confirms that trade tends to increase under a bilateral preferential accord, not every aspect of a trade deal functions the way it should.
Beyond Brussels: Chain reaction to Section 232 duties picks up speed
US duties on steel and aluminium are not only taking a toll on countries across the globe, but they’re triggering a “wave of direct and indirect actions and reactions” that is likely to expand in the coming weeks and months. “Obviously one country’s action becomes the second country’s reason to …
Will the US slap auto tariffs on EU if it doesn’t get its way on agriculture?
The US is threatening to levy high auto tariffs on EU firms via the Section 232 national security exception if Brussels does not agree to liberalise agriculture markets, several sources indicated to Borderlex. But how credible is that threat? And if the US gets real on this threat, in what form …
EU post-Section 232 steel safeguard measures criticised in WTO meeting
The EU’s safeguard measures on steel, introduced this summer to avoid deflection of pipes, wires and rods following Washington’s decision to impose 25% steel tariffs on national security grounds, is raising hackles with trading partners. Seven World Trade Organization members expressed their grievances in Geneva today against the bloc’s decision …
Flash: Japan, Korea, Singapore, EU US updates
The long Asia-focused trade week in Brussels is finishing late on a Friday with a salvo of new announcements. Here a quick roundup. Juncker-Abe meeting During a bilateral meeting with European Commission chief Jean-Claude Juncker Japan’s prime minister Shinzo Abe said Tokyo is readying itself to ratify the recently signed EU …
USMCA: EU should take note of certain provisions
He’s done it again: US President Donald Trump took credit for clinching a “wonderful” deal with Canada after Washington and Ottawa said they had reworked the North Atlantic Free Trade Agreement just weeks after Mexico accepted a revision of the trilateral pact. Sunday’s announcement came six days after Trump finalised …
Beyond Brussels: Revised KORUS is hardly the ‘very big deal’ Trump claims it is
Donald Trump signed his first major trade deal on Monday, an update to the US pact with Korea that the president called a “very big deal” that is “very, very good for American farmers”. More sober assessments are that the revisions to the Korea-US Free Trade Agreement are modest and …