Baker McKenzie’s Global Compliance Blog published “Global: Raw Material Agreements: The New Trade Frontier,” which can be viewed here.
A remarkable recent trend in trade policy is the pivot of countries towards issue-specific trade agreements. On the heels of standalone regional or bilateral digital trade agreements, countries are now exploring raw material access as the new frontier for bilateral trade cooperation – often in the context of the green transition. Recently, the EU and South Korea both concluded agreements to ensure better market access to some critical raw materials for their companies: On 9…
Russia was deemed a market economy under US antidumping law since 2002 In brief On November 9, 2022, the US Department of Commerce (“DOC”) revoked Russia’s market economy status for the purpose of US antidumping law. Russia’s re-designation as a non-market economy (“NME”) – an economy where prices are set by the government rather than through supply and demand – means that, in future antidumping cases, the DOC can use special dumping calculation methods that…
Seeking public comments On November 18, 2022, the US Department of Commerce (“DOC”) published a notice of a proposed change to its particular market situation (“PMS”) methodology. Since the 2015 expansion of the DOC’s PMS authority, the DOC has been using the PMS methodology in the calculation of antidumping duty rates when it considers that there is a market distortion in the exporting country under investigation, such as the availability of low-priced energy, which reduces…
Baker McKenzie’s Global Supply Chain Compliance Blog published “European Commission proposes Forced Labour Ban,” which can be viewed here.