The U.S. will make a statement in the dispute on the U.S. origin marking requirements for goods from Hong Kong during the World Trade Organization's Jan. 26 dispute settlement body meeting, the WTO said. A dispute panel ruled against the U.S. national security defense of its trade measure requiring goods from Hong Kong to be labeled as being made in China (see 2212220029).
Expect new EU action at the World Trade Organization in 2024, four Akin attorneys said in a Jan. 23 blog poost. With the exceptions of 2023 and 2007, the EU has filed at least one complaint every year since 1995, and is expected to "go back on the offensive" by starting at least one or two WTO spats this year, the attorneys said.
Turkey opened two safeguard investigations Jan. 12, one on knitted or crocheted fabrics, the other on paper and cardboard, it told the World Trade Organization's Committee on Safeguards, the WTO said. Turkey said that parties seeking to comment on the investigations must complete and submit to the nation's General Directorate the relevant questionnaires within 30 days following the publication of the notices of investigation.
World Trade Organization members will vote on the accession of Timor-Leste to the global trade body during the Feb. 26-29 Ministerial Conference, the WTO announced. Talks pertaining to Timor-Leste's accession wrapped up in just over seven years, which is a record for the accession of a least-developed country, the WTO said.
World Trade Organization members attending the 13th Ministerial Conference Feb. 26-29 will vote on Comoros' accession to the global trade body. Members agreed on the terms of Comoros' membership on Jan. 9, the body announced. WTO Director-General Ngozi Okonjo-Iweala stressed the importance of least-developed nations, like Comoros, joining the WTO.
In a report on how Russia is living up to its World Trade Organization commitments -- a report produced every other year for Congress -- the U.S. trade representative wrote that Russia has expanded import substitution to state-owned enterprises and private enterprises, including a ban on imported equipment.
Informal negotiations on revising the World Trade Organization's dispute settlement rules "are nearing their conclusion," Marco Molina, the Guatemala deputy permanent representative, told members of the WTO's Dispute Settlement Body at its Dec. 18 meeting. Molina said the goal is to have a "fully and well-functioning dispute settlement system accessible to all members by 2024," according to the WTO.
Turkish duties on a host of U.S. products in retaliation for President Donald Trump's Section 232 steel and aluminum tariffs violate World Trade Organization commitments, a WTO dispute panel ruled Dec. 19. The panel said the duties violate articles I and II of the 1994 General Agreement on Tariffs and Trade and also found that the Section 232 duties are not "safeguards."
India appealed an April World Trade Organization panel report that said its duties on information and communications technology goods destined to the EU violated India's tariff commitments, the WTO announced Dec. 14 (see 2304170018). The EU, Japan and Taiwan each have brought cases to the WTO to dispute the Indian tariffs, and India filed a similar appeal of Japan's case against the tariffs in May (see 2305250056). The WTO can't address the appeals because it doesn't have a functioning appellate body (see 2311200078).
Chile formally accepted the agreement on fisheries subsidies on Dec. 12, bringing to 53 the number of World Trade Organization members to have accepted the deal, the WTO announced. This number is "nearly half" of the two-thirds majority needed for ratification. Claudia Sanhueza Riveros, Chile's undersecretary of international economic relations, said the deal "is a very important agreement, especially for countries in the Pacific, where our marine ecosystems are generally being overexploited. It also seeks to address the global challenges we face in terms of the sustainability of our environment and our oceans.”