This past week, CTM covered the following issues. In China: * China-Netherlands meetings  * Officials meeting with global CEOs * New rules on cross-border data flows * Termination of trade remedies on Australian wine * New negative lists for services trade In the U.S.: * Revisions to U.S. anti-dumping and countervailing duty regulations * New

Last month, the European Commission announced the first ever in-depth investigation under its new Foreign Subsidies Regulation, targeting CRRC Qingdao Sifang Locomotive Co., Ltd., a subsidiary of CRRC Corporation, a Chinese state-owned train manufacturer. In reaction to that investigation, CRRC withdrew its bid for a Bulgarian procurement contract.

The WTO has now circulated China's request for consultations related to the U.S. Inflation Reduction Act (IRA) tax credits.

Over the past week, officials of China's Ministry of Commerce met with Dutch Minister for Foreign Trade and Development Cooperation and representatives of over 20 multinational companies. At today's press conference, MOFCOM disclosed more details about these meetings.

As has been anticipated for a few months, China is removing anti-dumping and countervailing duties on Australian wine. In response, Australia is discontinuing a WTO complaint it had brought against these duties.

During a meeting between Chinese President Xi Jinping and Dutch Prime Minister Mark Rutte today, Xi highlighted areas for future collaboration and warned against decoupling and artificial tech barriers.

In a report circulated today, a WTO panel found that certain aspects of Australian anti-dumping duties on Chinese wind towers, stainless steel sinks, and railway wheels violated the WTO Anti-Dumping Agreement and the GATT.