Weekly trade review provided by Chatto Creek Advisory Pty.
Chatto Creek Advisory Pty Ltd is a Melbourne-based strategic consultancy specializing in trade policy advice and government engagement strategy. It is headed by Russell Scoular, an executive with rich government relations, trade policy and business experience throughout Asia Pacific.
APEC TRADE MINISTERS TO MEET BY VIDEO
Trade Ministers from APEC will meet by video on July 25. The meeting will be chaired by Malaysian Trade & Industry Minister Azim Ali. A key agenda item will be the implementation of inclusive policy measures to ensure a fast-track regional recovery from COVID-19.
INDIA & EU TO EXPLORE FTA RESUMPTION
India and the European Union are expected to soon begin a high-level dialogue to explore the resumption of FTA negotiations which have been stalled since 2013. This follows this week’s EU-India Summit, the first in two years and held by video.
AUSTRALIA LAUNCHES CHINESE STEEL REVIEW
The Anti-Dumping Commission has launched an inquiry into whether anti-dumping duties on steel reinforcing bar from China should continue. The duties were applied in 2016 and are due to expire in April 2021. Local steel producers want the duties to continue.
KOREA & CAMBODIA LAUNCH FTA TALKS
Negotiations for a Korea-Cambodia FTA have been launched by video by Trade Ministers Yoo and Pan. It follows the conclusion of a China-Cambodia FTA which is expected to be signed in Beijing on August 12. Cambodia is also reported to be studying an FTA with India.
KIWI POTATO GROWERS FILE ANTI-DUMPING COMPLAINT
Potatoes New Zealand has filed a complaint seeking anti-dumping duties on frozen potato products imported from Belgium and the Netherlands. It suggests dumping margins on the imported potato products range between 95% and 151%.
AUSTRALIA LAUNCHES COPPER TUBE INQUIRY
The Anti-Dumping Commission has launched an anti-dumping and anti-subsidy inquiry into a range of copper tube products from China and South Korea. The inquiry follows the filing of a complaint by a local producer.
WTO CANDIDATE PITCHES BEGIN
The WTO is this week hosting a series of presentations from the eight candidates seeking the director-general’s job when Brazilian Roberto Azevedo retires on August 31. The WTO has been forced into an accelerated appointment process by Azevedo deciding to retire a year early.
US & AUSTRALIA NEGOTIATE ORGANIC ACCESS WITH JAPAN
The US and Australia have both negotiated the expansion of regulatory equivalence arrangements with Japan to include organic livestock products and processed foods. This coincides with the move from a voluntary to a mandatory standard in Japan.
UK APPOINTS KIWI TO TRADE COMMISSION
The UK has named members of its Trade & Agriculture Commission, a new agency to provide advice on trade opportunities for farmers. Its membership includes Sir Lockwood Smith, a former NZ trade and agriculture minister and High Commissioner to London.
AUSTRALIA’S CHINA PHONE LINE STILL BUSY
Trade Minister Birmingham is still waiting for his Chinese counterpart Zhong to take a call – two months after he sought the call when China imposed anti-dumping duties on Australian barley. “No. We remain in the same situation,” he told media this week.