Global maritime piracy and crime incidents at lowest level since 1994
In the first nine months of 2024, reported incidents of piracy and armed robbery fell to the lowest levels since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). Despite the lowest reported incidents in three decades, IMB and its Piracy Reporting Centre warns that crew safety remains at risk.
WTO says global trade in goods is on track for a gradual recovery
Economists from the World Trade Organization (WTO) forecast that global goods trade will be up 2.7% in 2024, up slightly from the previous estimate of 2.6%.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
Tribunal initiates review of expiry of duties on carbon steel plate from Bulgaria, Czechia and Romania
The Canadian International Trade Tribunal initiated an expiry review of its order made in October 2019 to determine if the expiry of the order is likely to lead to continued or resumed dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate from the Republic of Bulgaria, the Czech Republic and Romania and is […]
Dumping of wire rod from China, Egypt and Vietnam injures Canadian industry according to CITT
The Canadian International Trade Tribunal (CITT) found that the dumping of certain wire rod, originating in or exported from People’s Republic of China, the Arab Republic of Egypt and the Socialist Republic of Vietnam, has caused injury to the domestic industry.
Global air cargo records a ninth straight month of double-digit growth in August
According to data for the month of August released by the International Air Transport Association (IATA) the global air cargo markets were continuing their strong annual growth in demand.
Statistics Canada reports a merchandise trade deficit of $1.1 billion in August
Statistics Canada announced that Canada’s merchandise exports were down 1.0% in August, while imports edged up 0.3%.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
U.S. starts dumping/subsidy investigations of corrosion-resistant steel from Canada
The U.S. Department of Commerce announced on September 26, 2024 the initiation of antidumping duty investigations from corrosion-resistant steel products (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Türkiye, the United Arab Emirates, and Vietnam, and countervailing duty investigations of the same products from Brazil, Canada, Mexico, and Vietnam.
Indonesia formally requests to join Trans-Pacific Partnership
Indonesia has officially applied to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost its export growth, according to a report by state news agency Antara.
