International Trade

Nevinnomyssky Azot and Novomoskovskiy Azot, units of Russian fertiliser group EuroChem, are contesting the European Commission’s punitive anti-dumping tariffs applied to imports of mixtures of urea and ammonium nitrate from Russia into the Commission. The action was lodged with the EU’s first-tier General Court at the end of March 2026, and the parties’ arguments were released on 26 May 2026 in the EU’s Official Journal (see here). The goods at issue are mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, classified under CN code 3102 80 00. Urea-ammonium nitrate (UAN) solutions are used as a source of plant nutrition......

In this issue: Safeguards Sanctions and export control Dispute settlement WTO LexTalk®International Trade: a Lexis®Nexis community Daily and weekly news alerts New and updated content Safeguards EU Parliament approves stricter steel duty regime Law360: The European Parliament has adopted a regulation to reinforce the EU’s defences against global steel overcapacity, reducing the tariff-free import quota by 47% and increasing the duty on entries above that threshold to 50%, according to a news release dated 19 May 2026. See: EU Parliament Approves Stricter Steel Duty Regime. Sanctions and export control FCDO announces Russia sanctions targeting crypto exchanges and A7 network The Foreign, Commonwealth and Development Office (FCDO) has unveiled a new UK sanctions package aimed at cryptocurrency exchanges and the Kremlin-backed ‘A7 network’, used by Russia to evade existing restrictions and channel funds into its war economy against Ukraine. The measures seek to...

The World Trade Organisation (WTO) Dispute Settlement Body (DSB) examined China’s bid to set up a panel of adjudication to assess certain Indian measures impacting imports of solar cells, solar modules, and information technology products......

This Practice Note offers practical direction on the relevance and distinctions of the like product in trade remedy inquiries. It sets out the reasons for identifying like products in anti-dumping, subsidy and safeguard inquiries. The note explains how the concept of like product guides the scope of an inquiry, the definition of the domestic industry and the assessment of injury. Introduction Trade remedy inquiries may vary in the subject under examination. Anti-dumping inquiries consider whether a product is sold in the export market for less than it is sold in the exporter’s home market. Countervailing inquiries consider whether the imported product benefits from a subsidy granted by the exporting Member State. Safeguard inquiries, in turn, consider whether goods are entering in suddenly increased quantities due to unforeseen circumstances. In all three types of trade remedy inquiry, it is crucial to specify what the imported product is. In...

Practice Note This Practice Note offers practical guidance on the current border controls between the United Kingdom and the European Union, along with the changes scheduled to commence on 1 January 2022. It covers customs declarations, the payment of customs duty and VAT, and sanitary and phytosanitary checks. Introduction In November 2021, the UK released its updated border operating model, explaining how the UK border functions in relation to the EU. The model was originally brought in on 1 January 2021 following the UK’s departure from the EU customs union. From that date, certain border controls were introduced. These were phased in to allow time to build and prepare the necessary infrastructure to support those controls. In December 2021, the UK further updated the border operating model to temporarily prolong staged customs controls for goods moving from the island of Ireland into Great Britain. This interim step was taken...

What is the GATS? GATS stands for the General Agreement on Trade in Services. It is an annex to the Marrakesh Agreement. As the first instrument to govern trade in services, it has applied since 1 January 1995. As with the General Agreement on Tariffs and Trade (GATT), the GATS can only be properly understood when the agreement’s legal text is read together with each Member State’s schedule of commitments. This is especially important as Member States undertake specific commitments on market access and national treatment within those schedules. They can also list additional commitments covering matters such as qualification standards or licensing requirements for services. In addition, the GATS contains several annexes addressing particular service sectors, including financial and telecommunication services. Scope of the GATS Measures within the scope of the GATS The GATS applies to measures by Member States that affect trade in...

1 Price variation (events prior to delivery of goods or products) Confirmed Price Date • signifies [ insert number ] days ahead of [ delivery of the [ Products OR Goods ] ]... ...

Hardship Hardship means [ , subject to clause [ 1.6 OR 1.7 ] , ] a [ fundamental OR material ] alteration in the equilibrium of a party’s benefits and obligations under this Agreement, brought about by a [ legal, technical, political, economic or financial ] event (or events) that arises [ or the impact of which becomes known to the affected party ] during the term of this Agreement and which: is not a [ insert (eg ‘Force Majeure Event’ or ‘circumstance to which clauses [X] or [Y] relate’) ]; [ except in the case of the circumstances referred to in [ insert reference eg to clause 1.6 or 1.7 if appropriate ], ] could not reasonably have been foreseen, mitigated or avoided by the Disadvantaged Party at the time of execution of this Agreement; is outside the control of [ the...

Insert the following definitions as new definitions into clause 1 of Precedent: Asset purchase agreement—pro-buyer—corporate seller—conditional—long form: 1 Definitions and interpretation Sanctioned Activity means any conduct that falls within the scope of sanctions imposed by a Sanctioning Body; Sanctioning Body means the United Kingdom, the United States of America, the European Union and any other relevant local, national or multinational governmental agency, department, official parliament, public or statutory person, or any governmental or professional body, regulatory or supervisory authority, board or other body tasked with imposing and/or administering sanctions; Sanctioned Entity means any person or entity that is, or that is owned or controlled, whether directly or indirectly, by a person or entity that is, the subject of sanctions imposed by, or appears on a designated sanctions list maintained by, a Sanctioning Body, and in this clause 1, the...