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EMEA Trade Weekly: AD Methodology, Brexit, FTAs, Customs Agreement

10/9/2017
 

Europe & CIS

 
EU reaches agreement on new AD methodology
The new methodology will apply to calculating dumping margins for imports from third countries in case of significant market distortions or a pervasive state influence on the economy. It also includes changes that strengthen EU anti-subsidy legislation so any new subsidies revealed in the course of an investigation can be investigated and included in the final duties imposed.

[European Commission]
 
MEPs urge delay in EU-UK trade talks decision
London is keen to start talking about what kind of trading relationship it will have with the EU after Brexit but Brussels says this can only happen when there has been sufficient progress on three issues: the so-called divorce bill, the rights of EU and UK citizens in the other’s territory, and the Northern Ireland border.

[BBC]
 
Fifth round of EU-Mexico FTA talks completed
The talks focused on the text proposals for the trade chapter as well as the market access offers on goods, services, and public procurement that were exchanged in July. The sixth round will take place in Mexico City in late November, and the objective remains to conclude an agreement by the end of the year.

[European Commission]
 
New EU trade rules for Ukraine come into force
The additional concessions permit a range of Ukrainian agricultural products to be imported into the EU within limited zero-tariff quotas, including natural honey, barley groats, certain barley and worked grains, oats, and grape juice. In addition, the annual additional quota volumes for tomatoes, wheat, maize, and barley will be reduced.

[Tax-News]
 
Hard Brexit could cost UK £17bn per year in lost export revenues
A new report finds that the impact would be most notable in the consumer goods and automotive sectors, with estimated losses of £7.9bn and £5.2bn per year, respectively

[Global Trade Review]
 
AD duties on hot-rolled flat steel products from Brazil, Iran, Russia, Ukraine

[Official Journal of the EU]
 
 

Africa

 
South Africa and Zimbabwe sign customs and trade agreements
An agreement on mutual assistance between customs administrations will further cooperation toward the establishment of a one-stop border post. The two sides also signed a memorandum of understanding on trade cooperation.
 

[South African Government News Agency]
 
Tunisia gets FTA proposal from Indonesia

[XinhuaNet]
 
Decision on EU-EAC trade agreement expected in November

[The East African]