World Trade Organization members on May 30 held the first formal dispute settlement reform meeting centered on appellate review and accessibility, the WTO announced. Mauritius' Usha Dwarka-Canabady, facilitator of the talks, said that she heard a "strong appreciation for the dispute settlement system" from most of the 46 delegations that shared their views during the discussion.
Jacob Kopnick
Jacob Kopnick, Associate Editor, is a reporter for Trade Law Daily and its sister publications Export Compliance Daily and International Trade Today. He joined the Warren Communications News team in early 2021 covering a wide range of topics including trade-related court cases and export issues in Europe and Asia. Jacob's background is in trade policy, having spent time with both CSIS and USTR researching international trade and its complexities. Jacob is a graduate of the University of Michigan with a B.A. in Public Policy.
The Council of the European Union on May 30 approved a regulation that will impose tariffs on cereals, oilseeds and derived products from Russia and Belarus, with the goal of halting all imports of these goods into the EU. The duties also applied to beet-pulp pellets and dried peas from Russia and Belarus, which currently enter the bloc duty-free. The duties will enter into force July 1.
The Council of the European Union on May 30 cleared the way for the EU-Kenya Economic Partnership Agreement to enter into force, the council announced. It will take effect on the first day of the second month after the date on which the countries have told each other they have completed their internal procedures.
The Council of the European Union on May 30 adopted new anti-money laundering rules, which "exhaustively harmonises anti-money laundering rules for the first time throughout the EU." The rules are extended to new entities, including "most of the crypto-sector, traders of luxury goods and football clubs and agents."
Congress, federal agencies and state bar associations should work together on new regulations to ensure U.S. lawyers aren't enabling Russia-related sanctions evasion, Stanford Law School lecturer Erik Jensen and a host of law students recommended in a recent report.
World Trade Organization members met on May 24 with a delegation from Uzbekistan to discuss the Central Asian nation joining the global trade body, the WTO announced. Members at the meeting highlighted areas where more work is needed, including on the completion of market access agreements. Jamshid Khodjaev, deputy prime minister of Uzbekistan, said his goal is for Uzbekistan to join the WTO by the 14th Ministerial Conference in 2026. The chair of the talks, South Korea's Yun Seong-deok, said the talks occurred just six months after the seventh meeting, demonstrating the "accelerated pace" of the discussions.
Japan sanctioned one Russian national, nine Russian entities and two Cypriot entities last week for their roles in aiding Russia's procurement of arms from North Korea, Japan's Ministry of Economy, Trade and Industry announced, according to an unofficial translation.
Qatar formally accepted the World Trade Organization Agreement on Fisheries Subsidies May 22, bringing to 76 the total number of countries that have accepted the deal. The WTO requires 34 more to reach the two-thirds threshold needed for the agreement to be able to enter into effect.
The EU and Australia will implement recent World Trade Organization panel rulings that found the nations lost in their respective disputes, the countries said during the May 24 meeting of the Dispute Settlement Body. The EU dispute involved the bloc's measures on palm oil and biofuels from Malaysia, while Australia's dispute focused on Australian antidumping and countervailing duties on Chinese imports.
The European Commission on May 27 issued a "yellow card" notification to Senegal, telling the country to beef up its "fight against Illegal, Unreported and Unregulated" fishing. The decision was made based on "serious shortcomings detected over the last years" with Senegal's compliance, the commission said, adding that it has caught "illegal exportations from Senegal to the EU market."