Canada: Trade complaint files against US
Canada filed an official request for consultations document, which was circulated on January 10, 2018, to other World Trade Organization (WTO) members concerning certain laws, regulations and other measures maintained by the US with respect to
See MoreWTO: Decisions issued by Ministerial Conference
The eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) closed on 13 December 2017 and decisions were issued on some issues. Fisheries Subsidies The WTO members agreed to pursue negotiations with the objective of reaching
See MoreChile: Government sets anti-dumping duties on Chinese steel grinding rods
The Chilean government has imposed final anti-dumping duties on imports of steel grinding rods from China under the country’s anti-distortions
See MoreIndia: Government increases import tax on edible oils to highest in a decade
On 17 November 2017, the Indian government increased the import duties on various vegetable oils and soybeans oils through a notifications released on the website of the Central Board of Excise and Customs. The government has introduced these
See MoreZambia: Budget for 2018
Finance Minister of Zambia presented the 2018 National Budget for the year 1 January 2018 to 31 December 2018 to the National Assembly on 29th September 2017. Budget for 2018, which lays out the various expenditure and revenue measures aimed at
See MoreCanada: CETA Trade Agreement enters into force
The Comprehensive Economic and Trade Agreement (CETA) between Canada and European Union came into force on September 21, 2017. The CETA is a progressive free trade agreement that covers virtually all sectors and aspects of Canada-EU trade in order
See MoreWTO: World Trade Statistical Review 2017
On 28 July 2017 the WTO issued the latest annual statistical report World Trade Statistical Review 2017. This publication examines trends in trade in goods and services and trade policy developments including restrictive trade practices. World
See MoreWTO and OECD: Aid for Trade monitoring report
The sixth aid-for-trade monitoring report has been published by the WTO and OECD under the title “Aid for Trade at a Glance: Promoting Trade Inclusiveness and Connectivity for Sustainable Development. The Aid for Trade initiative, launched in
See MoreUS: Department of Commerce finalizes sugar trade compromise with Mexico
The U.S. Department of Commerce has finalized an agreement on the suspension of anti-dumping and countervailing duties on Mexican exports of sugar. The agreement, which reworked a 2014 pact, averts steep duties on U.S. imports of sugar from Mexico,
See MoreEU and Japan reach agreement in principle on trade deal
An agreement in principle has been reached on a free trade deal between the European Union (EU) and Japan. The deal includes sizable tariff cuts, co-operation on standards and regulations and opening up of public procurement markets. The EU and
See MoreUS: Government confirms duty-free access for some goods from Nepal
The US government has confirmed that 66 Nepali goods now eligible for duty-free entry into United Nations through Trade Preferences Act (TPA). The confirmation was made during the third joint council meeting of the Trade and Investment Framework
See MoreUS: President launches investigation into steel dumping
Donald Trump has initiated a wide-ranging antidumping duty (AD) and countervailing duty (CVD) investigation into countries that export steel to the US. The investigation is aimed at stopping countries from flooding the U.S. with artificially cheap
See MoreVietnam: Imposes anti-dumping tax on steel imported from China
On March 30 2017, the Ministry of Industry and Trade officially decided to levy anti-dumping duties on imported coated steel from mainland China including Hong Kong and the Republic of Korea. Therefore, Bazhou Sanqiang Metal Products will be taxed
See MoreIndia: Payments to Belgian entities not taxable as fees for technical services
Recently, the Ahmedabad Bench of the Income-tax Appellate Tribunal in the case of: ITO v. Cadila Health Care Ltd 78, decided that the payments made to Belgian entities are not taxable as “Fees for Technical Services (FTS)” in view of Most
See MoreKazakhstan: Decree No. 56 amends to specific customs levies
The Governmental Decree No. 56 of 13th February 2017 amends provisions on the specific customs levies that apply in addition to customs duties. For the first customs declaration, specific customs duties of KZT 25,000 apply and then KZT 11,000 for
See MoreCanada: Trump Import Tariffs impact
The US President gave warning of raised import tariffs on Mexican exports to the United States. He also made an indication that Canadian exports could be subject to the same tax treatment. He said that he would impose 35% import tariff from
See MoreChina: Adjustments to tariff items
On 19 December 2016, the Customs Tariff Commission of the State Council issued the adjustments to the tariffs in 2017. The new plan comes into force on 1 January 2017. According to the plan, the number of items to be taxed in 2017 will reach 8,547.
See MoreWTO publishes latest issue of World Tariff Profiles
On 2 November 2016 the World Trade Organization (WTO) issued the latest expanded edition of its annual publication World Tariff Profiles. This publication provides tariff and non-tariff information on more than 170 economies worldwide and is issued
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