Madagascar opened a safeguard investigation on diapers and sanitary napkins, the island-nation told the World Trade Organization's Committee on Safeguards Oct. 26. Madagascar said it is "ready to consult on the provisional safeguard measure with Members having a substantial interest as exporters of the covered products," pursuant to Article 12.4 of the Agreement on Safeguards.
Indonesia launched four safeguard investigations, covering artificial filament yarn, cotton fabric, cotton yarn and woven fabrics of artificial filament yarn, the World Trade Organization announced this week. Indonesia said interested parties should reach out to the Indonesian Safeguards Committee within 15 days from an investigation's initiation.
Trade ministers from Japan, the U.S., the EU, the U.K., France, Canada, Germany and Italy said they will work to reach an agreement on World Trade Organization reform "with the view to having a fully and well-functioning dispute settlement system accessible to all members by 2024." The binding appellate level of dispute settlement at the WTO has been defunct since late 2019, because the U.S. blocked all appointments to the appellate body.
The World Trade Organization's Committee on Safeguards discussed ways to improve the committee's functionality during an Oct. 25 meeting, the WTO said. The committee adopted a report it sent to the Council for Trade in Goods in which it "outlined the efforts made in this area and the issues on which agreement was reached," the WTO said. Negotiations will continue regarding a joint proposal from various members, and the committee agreed on an update of the format of its annual report to boost transparency, the WTO added. During the meeting, members also discussed a host of legislative notifications of members' new or amended safeguard regulations as well as specific notifications of safeguard actions.
A World Trade Organization panel will review U.S. antidumping duties on oil country tubular goods from Argentina after Argentina's request for a dispute panel was granted by the Dispute Settlement Body, the WTO announced. Argentina's request was the second in its case arguing that the duties violate WTO rules and that the U.S. illegally cumulated imports in assessing injury caused by the subject imports.
World Trade Organization members discussed a host of new proposals on agriculture topics during Oct. 19-20 agriculture negotiation meetings, including on export restrictions, domestic support, food security and food bought at minimum prices for public stocks, the WTO said.
Senior trade officials met at the World Trade Organization Oct. 23 and 24 to "take stock of progress on issues on the negotiating agenda" in the run-up to the 13th Ministerial Conference, the WTO said. On Oct. 23, WTO members adopted a decision to aid least-developed countries in graduating from LDC status and broke out into sessions on agriculture, trade and development and dispute settlement reform. The next day, breakout sessions covered trade and industrial policy and trade and environmental sustainability.
Fiji formally accepted the World Trade Organization fisheries subsidies deal Oct. 24, making it the 52nd WTO member to do so. The announcement comes a day after seven other member countries also accepted the agreement, pushing it nearly half-way to the two-thirds threshold needed for full ratification. WTO Director-General Ngozi Okonjo-Iweala welcomed the development, noting that Fiji "is the first Pacific Island developing nation to do so, and we are confident it will not be the last. We hope this action will encourage not only the Pacific but also all other members that have not yet deposited [an instrument of acceptance] to do so.”
The European Council adopted the "Anti-Coercion Instrument" Oct. 23 -- a trade tool meant to disincentivize the use of coercive trade and investment measures "through dialogue." Should the dialogue fall through, the instrument allows for the EU to impose countermeasures, including trade restrictions, via "increased customs duties, import or export licences, restrictions on trade in services or access to foreign direct investment or public procurement."
Australia and China officially agreed to resolve World Trade Organization disputes over Chinese duties on Australian wine and Australian duties on Chinese wind towers, China’s Commerce Ministry said Oct. 22. The two sides “conducted friendly consultations under the WTO framework on WTO dispute” and “have reached consensus on properly resolving them,” a ministry spokesperson said, according to an unofficial translation. “We are willing to work with Australia to continue to meet each other halfway through dialogue and consultation, and jointly promote the stable and healthy development of bilateral economic and trade relations.”