CTM Weekly Newsletter
This past week, CTM covered the following issues.
South Africa became the latest African country to formalize a landmark Framework Agreement with China, securing zero-tariff treatment for all its exports as Beijing expands its trade network across the African continent.
China's Ministry of Commerce announced the final ruling
China Finalizes Countervailing Duties on EU Dairy
On February 12, China's Ministry of Commerce announced the final ruling of the countervailing investigation on EU dairy products, substantially lowering the duty rates.
China To Adjust Trade Measures on Canada Following High-Level Talks
Amid positive momentum between Beijing and Ottawa on resolving a string of trade disputes, China's Ministry of Commerce (MOFCOM) signaled an adjustment to its anti-discrimination measures targeting Canada and an extension of the anti-dumping investigation on canola seeds, with new announcements expected in the coming weeks.
U.S. DOJ Takes Legal Action To Enforce Divestment Order under CFIUS
On Tuesday, the U.S. Department of Justice filed a lawsuit in U.S. federal court to enforce a divestment order issued by President Trump pursuant to a CFIUS finding that a foreign investment by a Chinese company endangers national security.
EU Requests WTO Panel in Royalties for EU High-Tech Sector Dispute
After a little more than a year, the EU is moving forward with a complaint against China on royalty rates for standard essential patents, with a request for the establishment of a panel filed with the WTO today.
China Unleashes Massive Holiday Stimulus Ahead of Chinese New Year
Ahead of the Chinese New Year, China is rolling out an aggressive package of holiday‑season measures to boost domestic spending, combining cash subsidies, tax lottery schemes and expanded public services to anchor growth in consumer demand during the country's upcoming holiday season.
Chinese EV Maker's Undertaking with European Commission Promises Price Floor, Lower Import Volume, and EU Investment
Yesterday, the European Commission announced that it had agreed to an undertaking with Chinese EV maker Volkswagen (Anhui) Automotive Company Ltd., involving promises on import pricing and volume, as well as a commitment to invest in more production in the EU.