WTO Says US Customs, Trade Remedy Policies Continue Unchanged

U.S. policy for customs valuation, import licensing and rules of origin, as well as the U.S. trade remedy regime and a range of other trade policies, have gone unchanged since the last U.S. trade policy review at the World Trade Organization, said the WTO in a summary (here). The WTO last reviewed the U.S. in 2012. U.S. free trade agreement partners are, however, selling more goods to the U.S., but preference program imports are declining, likely due to the Generalized System of Preferences expiration, said the review. Anti-dumping and countervailing duties investigations surged in recent years, particularly with steel products in 2013, the WTO added. Further, the 2014 Farm Bill eliminated two “long-standing pillars of dairy market support – price supports and export subsidies.”