[from the EU release] We, the Leaders of the G20, met in New Delhi on 9-10 September 2023, under the theme ‘Vasudhaiva Kutumbakam’.   We are One Earth, One Family, and we share One Future. We, the Leaders of the G20, met in New Delhi on 9-10 September 2023, under the theme …

World Trade Organization Director-General Ngozi Okonjo-Iweala is developing a framework for carbon-pricing in order to further bolster the ongoing carbon border adjustment measures that are likely to be imposed by the European Union early next year while the United States appears to be developing a framework for imposing carbon duties, our correspondent has learned. Several members are expressing concern that instead of focusing on the core mandated and unresolved issues from the previous ministerial meetings, including the Doha Development Agenda, the DG appears to be frittering away the limited resources of the Secretariat on developing the carbon-pricing framework, an issue that has not been formally mandated by members or by trade ministers at any previous meeting, said several Secretariat insiders who asked not to be identified.

World Trade Organization Doha fisheries subsidies negotiations Chair Ambassador Einar Gunnarsson of Iceland has issued a draft text on the “disciplines on subsidies contributing to overcapacity and overfishing” pillar for upcoming negotiations in the fall, WTD has learned. The five-page restricted room document (RD/TN/RL/174) issued on Monday and seen by our correspondent, appears to contain asymmetries in the provision of carveouts to big subsidizers who contributed to the problem of global depletion of fish stocks on the one side, and special and differential treatment for developing and least developed countries on the other, said people familiar with the text.

House Ways and Means Committee Republicans are making sure European officials understand their opposition to an international tax agreement negotiated through the Organization for Economic Cooperation and Development.   At meetings in Paris and Berlin, the Republicans said they will not support the Pillar One and Pillar Two tax agreements.

Huawei's release of a phone called the Mate 60 Pro has the industrial security community atwitter, if we can still use that word.   The device boasts a processor fabricated at seven nanometers, a threshold of precision the allied export controls of chipmaking equipment were meant to thwart.   

U.S. Commerce Secretary Gina Raimondo concluded a four-day visit to China this week, meeting with her counterpart, Chinese Commerce Minister Wang Wentao. The trip aimed to revive economic dialogue between the world's two largest economies, despite persistent tensions over trade issues and national security. According to a statement from the Chinese Commerce Ministry on Thursday, China has urged the U.S. to extend "equal treatment" to Chinese companies investing in the United States. "China demands the U.S. give equal treatment to Chinese enterprises investing in the U.S. in terms of market access, regulatory enforcement, public procurement, and policy support," said Shu Jueting, a commerce ministry spokesperson. China also raised "serious concerns" over the U.S. imposition of Section 301 tariffs, describing them as "discriminatory."

  Based on a BIS review of the existing Section 232 exclusion process for areas of improvement and public comments on the current process for submissions to BIS, BIS is publishing this proposed rule to propose revisions to the Section 232 exclusions process, including to the Section 232 Exclusions Portal. The proposed rule to amend the Section 232 exclusions process comprises four salient modifications designed to refine efficiency, fairness, and transparency.

In the latest development of a decades-long trade dispute between Canada and the United States, the Canadian government has filed for a judicial review of last month's U.S. Commerce Department's assessment on softwood lumber duties. International Trade Minister Mary Ng described the levies as "unfair, unjust, and illegal" in a statement released earlier this week. The U.S. Commerce Department's fourth administrative review established a combined duty rate of 7.99%, a slight decrease from the previous rate of 8.59%.  Canada’s softwood producers say they have paid more than $8-billion in lumber duties to the U.S. from 2017 to 2022.

The Securities and Exchange Commission has accepted an Offer of Settlement from Minnesota's 3M Company, closing its investigation into violations of the Foreign Corrupt Practices Act by 3M's …

After complaining since at least 2005 that "we really need to do something about ITAR. It is really hurting U.S. industry,” and citing export controls for not hiring eligible non-citizens, South African immigrant Elon Musk's company SpaceX has been sued by the Justice Department for employment discrimination. The United States Department of Justice has filed a lawsuit against Space Exploration Technologies Corp. (SpaceX) for discriminating against asylees and refugees in its hiring process. The lawsuit contends that from September 2018 to May 2022, SpaceX deliberately discouraged such individuals from applying for positions within the company, violating the Immigration and Nationality Act (INA).

Chinese printer manufacture Ninestar, parent of Lexmark International, has filed a lawsuit against the U.S. Department of Homeland Security (DHS) and other related parties of the U.S. government before the U.S. Court of International Trade. DHS added Ninestar and certain of its subsidiaries to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, and the company "is suffering irreparable harm to its business and reputation based on the listing," according to a statement.

The Administration Thursday pulled the trigger on establishing a dispute settlement panel under the US-Mexico-Canada Agreement challenging Mexico’s ban on biotech corn. At issue is Mexico’s February 13, 2023 decree, banning the use of biotech corn in tortillas or dough, and the instruction to Mexican government agencies to gradually substitute the use of biotech corn in all products for human consumption and for animal feed.

The Bureau of Industry & Security published an advisory opinion on the release of licensed technology to employees of the foreign subsidiary while on temporary work assignment at the home office.  No additional deemed export license is required for these employees, while any new “technology” or “software” that is either “released” to those employees in the United States or created in the United States that is not authorized by the existing BIS license would require a new export license or other authorization from BIS.

  A World Trade Organization (WTO) dispute settlement panel has ruled that China acted inconsistently with its WTO obligations by imposing additional duties on specific imports from the United States (US). These duties were in response to the Section 232 duties that the US adopted in 2018 for steel and aluminum products. "China’s use of the WTO dispute settlement system to challenge the U.S. Section 232 national security actions has caused grave systemic damage to the WTO, said Sam Michael of the US Trade Representative's Office.

Arizona-based First Solar released findings from a third party audit of their Malaysia facility, highlighting unethical practices involving foreign migrant workers. The report details the actions taken by First Solar to address the issues, emphasizing the company's commitment to transparency and responsible solar energy development.

President Biden signed into law a measure implementing the initial deal negotiated under the US-Taiwan Initiative on 21st-Century Trade First Agreement, even while raising concerns about the constitutionality of the law. The President cautioned Congress that he does not intend to follow all of the requirements of the new law relating to the sharing of negotiating texts.

On August 9 President Biden issued an Executive Order focused on national security threats stemming from U.S. investments in the People's Republic of China (PRC), specifically those related to technologies critical for military and intelligence capabilities. The E.O. aims to protect U.S. national security while maintaining open investment. It sets forth a new program, focusing on prohibiting certain U.S. transactions and requiring notifications to Treasury regarding others, specifically related to the following technology areas: Semiconductors and microelectronics Quantum information technologies Certain artificial intelligence systems

The Titanium Sponge Working Group (TSWG), established under the Trump administration in 2020, has released a report highlighting increased dependence of the U.S. on imported titanium sponge, a crucial raw material for titanium metal production. According to the TSWG's findings, U.S. dependency on imported titanium sponge has risen dramatically from 68% in 2020 to 100% today, emphasizing a severe reliance on overseas supplies. These findings underscore the urgency for measures ensuring access to this critical input, which plays a pivotal role in the defense and industrial sectors, particularly in aerospace applications.

House Committee on Ways and Means Chairman Jason Smith (MO-08) led a bipartisan delegation of House members to Seoul, South Korea where they participated in bilateral meetings held by South Korean President Yoon Suk Yeol and other prominent Korean government officials focused on U.S.-Korea economic relations.   The twenty-person delegation visited Korea on the first leg of its trip to four East Asian countries. In Cambodia Pan Sorasak, Minister of Commerce, met on August 2 with the lawmakers.

The Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (CFIUS), released its Annual Report to Congress for calendar year 2022. The Committee’s workload remained high with a record number of filed transactions based on the expanded jurisdiction provided by the Foreign Investment Risk Review Modernization Act (FIRRMA), mandatory filings in certain instances, and more sophisticated processes for identifying non-notified transactions.