Turkey will appeal a World Trade Organization dispute panel finding against its retaliatory duties on certain U.S. goods, the WTO announced Jan. 31. Because the Appellate Body is nonfunctional as the U.S. prevents vacancies from being filled, the appeal goes "into the void." As a result, Turkey's tariffs may stand without further rebuke from the WTO.
The U.S. this week sanctioned three entities and one person for providing “critical” funding to Iran’s Islamic Revolutionary Guard Corps-Qods Force and Hezbollah financial network, including by generating hundreds of millions of dollars from sales of Iranian commodities to the Syrian government and elsewhere.
The Office of Foreign Assets Control this week sanctioned two cybersecurity experts with ties to the Islamic State group along with a “financial facilitator” that has helped to transfer funds to Islamic State officials in Syria.
Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., said Jan. 26 that he will approve granting the request from Turkey to the U.S. for the purchase of F-16 fighter jets, following that country’s approval of Sweden’s accession to NATO.
The U.S. will make a statement in the dispute on the U.S. origin marking requirements for goods from Hong Kong during the World Trade Organization's Jan. 26 dispute settlement body meeting, the WTO said. A dispute panel ruled against the U.S. national security defense of its trade measure requiring goods from Hong Kong to be labeled as being made in China (see 2212220029).
Electronics distribution company Broad Tech System and its president and owner, Tao Jiang of Riverside, California, pleaded guilty Jan. 11 to participating in a conspiracy to illegally ship chemicals made or distributed by a Rhode Island-based company to a Chinese firm with ties to the Chinese military, the U.S. Attorney's Office for the District of Rhode Island announced. Jiang and Broad Tech admitted to violating the Export Control Act and conspiring to commit money laundering.
The U.S. and the U.K. this week announced new sanctions against Hamas officials, people and entities helping to finance the terror group’s operations in Gaza, the Treasury Department said.
Turkey opened two safeguard investigations Jan. 12, one on knitted or crocheted fabrics, the other on paper and cardboard, it told the World Trade Organization's Committee on Safeguards, the WTO said. Turkey said that parties seeking to comment on the investigations must complete and submit to the nation's General Directorate the relevant questionnaires within 30 days following the publication of the notices of investigation.
The European Commission on Jan. 11 set duties on bulb flats from Turkey and China, the Directorate-General for Trade announced. Bulb flats are steel products used to fortify ship hulls in passenger cruise ships and military vessels. The AD rate will be 23% for imports from China and 13.6% for imports from Turkey.
USDA is accepting applications from exporters for its upcoming trade mission to India, the agency's Foreign Agricultural Service said this week. The April 22-25 trade mission will feature meetings with Indian importers, market briefings on the region, “relevant” site visits in New Delhi and opportunities to speak with USDA officials.