An OECD report finds that steel excess capacity continues to distort global markets, with government subsidies increasingly undermining fair competition. The findings are relevant to ongoing trade remedy actions and multilateral discussions on steel overcapacity. Specific data on capacity levels and subsidy measures are highlighted as key concerns for trade policy.
Topic Archives:Commodities
Verification of Import Quota Quantities for Butter and Skimmed Milk Powder for FY2026
Japan’s Ministry of Agriculture announced the verification of import quota quantities for butter and skimmed milk powder for fiscal year 2026. This relates to Japan’s tariff-rate quota system governing dairy imports. The review determines the volume of product that may be imported under preferential tariff conditions.
Indonesian and Philippine Businesses Sign Two Counter-Trade MoUs Worth Rp6.29 Trillion
Indonesia’s Trade Minister Budi Santoso witnessed the signing of two tripartite counter-trade MoUs between Indonesian and Philippine businesses, with a potential transaction value of USD 350 million (Rp6.29 trillion). The counter-trade arrangement is positioned as a strategic measure to address exchange rate volatility affecting both countries’ currencies. The signing took place at the Ministry of […]
Vietnam Issues Decision on Sunset Review of Anti-Dumping and Anti-Subsidy Measures on Sugarcane Products from Thailand
Vietnam’s Ministry of Industry and Trade issued a decision on the results of a sunset review concerning the application of anti-dumping and countervailing duty measures on certain sugarcane products originating from Thailand. The decision follows a periodic review process to determine whether existing trade remedy measures should be maintained, modified, or terminated.
Launch of Online Certificate of Origin Module for Agarwood on Trade Connect Platform
India’s DGFT has launched an online module on the Trade Connect Platform for issuing Certificates of Origin (CoO) for Agarwood. This digital system streamlines the CoO issuance process for this regulated commodity. Agarwood is a CITES-listed species subject to export controls and documentation requirements.
Review and Re-allocation of Export Quota for Pharma Grade Sugar by Special EXIM Facilitation Committee
India’s DGFT is reviewing and re-allocating the export quota for pharma grade sugar through the Special EXIM Facilitation Committee (SEFC). The trade notice addresses quota management for this specific commodity category. This affects exporters holding or seeking allocations under the pharma grade sugar export quota scheme.
Amendment to Import Policy Condition for Urea (Exim Code 31021010) under ITC HS 2022 Schedule I
India’s DGFT has issued Notification No. 68 amending the import policy conditions for Urea under ITC HS code 31021010 in Schedule I of ITC HS 2022. The change affects the import policy regime for this fertilizer commodity. Specific revised conditions govern how urea may be imported into India.
Extension of Free Import Policy for Tur/Pigeon Peas (HS 0713 60 00) until 31 March 2027
India’s DGFT has extended the ‘Free’ import policy for Tur/Pigeon Peas under ITC (HS) 0713 60 00 until 31 March 2027. This maintains unrestricted import access for the commodity under Schedule I of the Import Policy. The extension continues a policy designed to ensure domestic supply availability.
India Extends Free Import Policy for Urad (Black Gram) Until March 2027
India’s DGFT has extended the ‘free’ import policy for urad (Vigna mungo) under ITC(HS) code 07133110 until 31 March 2027. This maintains unrestricted import access for the pulse commodity, which had been liberalized to manage domestic supply and prices.
Extension of Import Period for Yellow Peas (ITC HS 07131010)
India’s DGFT has extended the import period for yellow peas under ITC (HS) code 07131010, Chapter 07, Schedule-1 of ITC (HS) 2022. The notification amends the import policy for this commodity, affecting the window during which yellow peas may be imported. This is a specific market access and trade policy measure for an agricultural commodity.