In a display of regional solidarity, China, Japan, and South Korea have pledged to deepen their economic cooperation. At the 13th Trilateral Economic and Trade Ministers' Meeting held last weekend in Seoul, the three nations outlined an agenda, encompassing trade agreements and supply chain stability.

As part of the remedies phase of its Section 301 investigation on maritime, logistics, and shipbuilding, the U.S. Trade Representative's Office (USTR) held a hearing to gather input from interested parties on the remedies it is considering in the case.

A high-stakes global port deal is now in peril as Beijing's antitrust authority announced a formal review of the deal last week. This announcement has put a halt to the deal, and has far-reaching implications for Panama's strategic waterways and the global shipping industry.

In its written submission in the Chinese complaint against its Inflation Reduction Act (IRA) subsidies, the U.S. has argued that there is no violation of the WTO SCM Agreement, and also that the public morals and security exceptions provide a justification for its measures.

This past week, CTM covered the following issues: In China: * State Council rules on implementing the anti-sanctions law * New IP related rules on retaliation and engagement * New trade policy compliance guidelines * Expiry review of antidumping duties on Japanese chemicals * Updates on beef safeguard investigation * Summary of China-Japan dialogue In the

Earlier this week, China's Ministry of Commerce finalized its expiry review on resorcinol imports from Japan, sustaining the duties for another five years.

China's Ministry of Commerce will host a hearing on beef imports next week as part of its safeguard investigation.