PTPolicyTraderThe policy behind the trade.
Trade policy, commodities, and sustainability across the Indo-Pacific
Ustr·United States·
The US and Mexico held their first bilateral round of the USMCA Joint Review in Mexico City, with US negotiators focused on reducing the trade deficit and strengthening supply chains. Discussions covered priority issues under the agreement’s six-year review mechanism. No specific outcomes or agreed measures were announced from this initial round.
Kemendag·Indonesia·
Indonesia’s Ministry of Trade has set the June 2026 reference price (Harga Referensi) for crude palm oil (CPO) at USD 1,029.51/MT, down 1.91% from May 2026, which affects export duty and palm oil fund levy calculations. Export reference prices (HPE) for cocoa beans and pine resin are set higher, while leather product prices remain unchanged […]
Dgft·In·
India’s DGFT has revised Standard Input-Output Norms (SIONs) for chemical and allied products, which govern the quantity of inputs allowed duty-free for export production under the Advance Authorisation scheme. These norms directly affect customs duty exemptions and rules applicable to exporters in the chemical sector.
Dgft·In·
India’s DGFT announces mandatory electronic filing and issuance of preferential Certificates of Origin under the India-Oman Comprehensive Economic Partnership Agreement, effective June 1, 2026. This procedural change governs how exporters claim preferential tariff treatment under the CEPA. The move digitizes the CoO process for trade between India and Oman.
Wto·Int·
New Zealand notified the WTO Committee on Safeguards on 27 May 2026 of the initiation of a safeguard investigation on imports of certain aluminium extrusions, effective 28 May 2026. The investigation was formally notified through WTO channels.
Doc India·In·
India and South Korea held the 12th round of negotiations to upgrade their Comprehensive Economic Partnership Agreement (CEPA) in New Delhi. The talks are part of ongoing efforts to revise and enhance the existing bilateral trade agreement. No specific outcomes were detailed in the snippet.
Ustr·United States·
The USTR announced that the US and Mexico will hold a series of bilateral negotiating rounds related to the first Joint Review of the USMCA, beginning May 28-29 with Deputy USTR Ambassador Jeff Goettman. This marks a concrete step in the formal USMCA review process, which determines whether the agreement continues or is renegotiated.
Dbt·Gb·
The UK government is consulting on potential tariff suspensions covering agricultural goods, fertilisers, and kerosene, aimed at mitigating consumer cost pressures linked to the Middle East conflict. The call for input seeks stakeholder views on which goods should be covered. This is a formal policy consultation with specific product categories named.
Wto·Int·
WTO Deputy Director-General Nordquist urged members to complete acceptance and implementation of the Agreement on Fisheries Subsidies and advance negotiations on additional disciplines targeting overcapacity and overfishing. She warned that harmful fisheries subsidies undermine ocean sustainability and coastal livelihoods. The remarks were delivered at the Monaco Blue Initiative on 27 May 2026.
Wto·Int·
The WTO Committee on Agriculture met on 27-28 May 2026 for its first session since MC14 in Yaoundé, covering farm domestic support and members’ notifications, net food-importing developing country status determinations, and global agricultural forecasts. Members also discussed the trade impacts of El Niño and the Middle East conflict on food markets.