Researchers at the Center for Strategic and International Studies expect the U.S. will get "a taste of its own medicine” when China appeals its loss over Section 232 retaliatory tariffs at the World Trade Organization, adding that China likely won't have to drop the tariffs since there is no appellate body to take that appeal.
A World Trade Organization dispute panel issued a report Aug. 24 concluding the panel's work following China and Australia's agreement regarding China's antidumping and countervailing duties on Australian barley.
The World Trade Organization will hold a public forum on Sept. 12 with the goal of exploring how "digitalization and inclusive trade policies can support" a "greener and more sustainable future," the WTO announced. The event will feature a lecture by former British Prime Minister Gordon Brown, the WTO World Trade Report for 2023, "high-level plenaries," working sessions and networking opportunities. The plenary sessions will focus on "how trade can keep the ambition of the Paris Agreement of limiting global warming to 1.5 degrees alive" and feature the topics of "fostering sustainable development through trade, the decarbonization of the transport sector, inclusive trade policies, and how technology can boost green innovation," the WTO said.
U.S. Trade Representative Katherine Tai, speaking Aug. 24 to other G-20 trade ministers, said the U.S. wants to reform the World Trade Organization by improving compliance with -- and enforcement of -- WTO members' commitments, "restoring efficacy to the negotiating arm; ... equipping the Membership to address unfair practices and global market distortions, and putting the organization on the footing to promote trade policies that build resilience and address current global challenges."
U.S. Trade Representative Katherine Tai met with World Trade Organization Director-General Ngozi Okonjo-Iweala in Jaipur, India, ahead of the G-20 Trade and Investment Ministers' Meeting, the Office of the U.S. Trade Representative announced. The readout said Tai discussed U.S. support for the WTO and the 13th Ministerial Conference, set to take place in late February next year. Agreeing to remain in "close coordination" in the coming months, Tai and Okonjo-Iweala expressed their desire to make MC13 "the WTO's first reform ministerial."
Hong Kong and Ukraine formally accepted the World Trade Organization's Agreement on Fisheries Subsidies, becoming the 15th and 16th parties to do so, the WTO announced. The deal would impose rules to crack down on subsidies for illegal, unreported and unregulated fishing. The announcement by Hong Kong and Ukraine means nearly 40% of member states have ratified the deal, which requires acceptance by two-thirds of WTO members to enter into force.
A World Trade Organization dispute panel rejected China's claim that its retaliatory tariffs in response to Section 232 tariffs were justified because the U.S. steel and aluminum tariffs were a safeguard in disguise.
China's Ministry of Commerce on Aug. 11 released a report covering "WTO Compliance of the United States." The report says China is concerned about U.S. policies and how they affect the World Trade Organization's rules-based trading system. A spokesperson for the ministry said China is using the report to call on the U.S. to abide by its commitments to the trade body, according to an unofficial translation.
The World Trade Organization released panel reports covering two disputes between the U.S. and India after both countries came to a mutual solution. The countries in July told the Dispute Settlement Body they reached a solution in the disputes, including one disagreement over U.S. tariffs on imports of steel and aluminum and another involving India's imposition of additional duties on certain goods from the U.S. The mutually agreed solution came after Indian Prime Minister Narendra Modi's visit to the White House in June and was announced in conjunction with the resolution of other spats between the nations at the WTO (see 2307190064).
The Office of the U.S. Trade Representative is requesting comments on how Russia is complying with its World Trade Organization commitments, including in its import regulation, export regulation, subsidies, non-tariff barriers, intellectual property rights enforcement, rule of law issues, and trade facilitation, or other issues.