Ethiopia hopes to join the World Trade Organization by the 14th Ministerial Conference, which will take place in March 2026, the WTO said. During a March 19 meeting of the WTO Working Party on Ethiopia's accession, the country said "its goods offer commits the country to bound rates -- maximum tariffs -- lower than those" found in the benchmark for least developed countries for the agricultural sector.
The U.S. Court of Appeals for the 5th Circuit on March 17 affirmed the dismissal of steel importer JSW Steel (USA)'s suit against three U.S. steel makers, which alleged that the companies illegally conspired to "boycott JSW by refusing to supply it with specific, domestically produced steel slab" (JSW Steel (USA) Inc. v. Nucor Corp., 5th Cir. # 22-20149).
The U.S. defended the Commerce Department's ability to require petitioners to file a notice of intent to participate in sunset reviews at the U.S. Court of Appeals for the Federal Circuit. In a reply brief on March 21, the government said the "whole-text canon of statutory interpretation" doesn't support petitioner Archroma's challenge to this requirement, since the statute on which the company bases its claim "does not limit Commerce’s power to impose procedural requirements to be met before a domestic interested party may submit the information called for by the statute" (Archroma U.S. v. United States, Fed. Cir. # 24-2159).
The Court of International Trade on March 21 sustained the Commerce Department's decision not to investigate the provision of off-peak electricity for less than adequate remuneration in South Korea after three remands before the trade court. Judge Mark Barnett said Commerce reasonably laid out the evidence petitioner Nucor Corp. should have provided to "justify a new subsidy investigation of this subset of the broader electricity pricing scheme."
Pakistan formally accepted the World Trade Organization Agreement on Fisheries Subsidies on March 20, bringing the number of countries that have accepted the deal to 94. The WTO needs 17 more countries to accept to get to two-thirds of the membership, the threshold for the agreement to take effect.
The U.K.'s Office of Financial Sanctions Implementation fined the Russian subsidiary of British law firm Herbert Smith Freehills about $600,000 for violating U.K. sanctions on Russia. The firm was penalized for six payments it made worth over $5 million to sanctioned Russian banks Alfa-Bank JSC, PJSC Sovcombank and PJSC Sberbank.
Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer met with U.K. Secretary of State for Business and Trade Jonathan Reynolds and the British prime minister's Special Adviser on Business and Investment Varun Chandra on March 18 to discuss a potential bilateral trade deal, the Commerce Department announced. The meeting follows U.K. Prime Minister Keir Starmer's visit to the White House last month. Lutnick expressed the Trump administration's desire for a trade deal, and Commerce said efforts to develop it "will continue to unfold over the coming days and weeks."
The following lawsuit was filed recently at the Court of International Trade:
The U.S. defended its use of its quarterly cost methodology in calculating exporter Officine Tecnosider's antidumping duty rate in the 2020-21 administrative review of the AD order on steel plate from Italy, arguing that petitioner Nucor Corp.'s claims to the contrary fail to show that it's the "one and only" reasonable outcome. Submitting a brief on March 19 in defense of its remand results, Commerce said it wasn't free to ignore evidence of a link between the respondent's costs and sales prices during the review period (Officine Tecnosider v. United States, CIT # 23-00001).
The U.S. District Court for the Western District of Kentucky declared a mistrial in a case against defense contractor Quadrant Magnetics for violating export controls after the government sent the company thousands of pages of documents relevant to the case immediately prior to and during the company's trial (United States v. Quadrant Magnetics, W.D. Ky. # 3:22-00088).