Beijing announced that it would temporarily cut tariffs for all coal imports to zero for 11 months, starting on May 1, 2022. As many coal imports already enjoy zero tariffs, it is unclear how much this policy would impact the volume of coal imports.

This past week, CTM covered the following issues: * Passage of China's first Futures and Derivatives Law, a new Chinese anti-dumping review, a government report on intellectual property protection and business environment, and a report from an American business association on China's data/cybersecurity regulatory regime.

A Chinese government office recently issued a report on its intellectual property protection and business environment in 2021, covering new laws and regulations, the government's implementation of the law in enhancing intellectual property protection, lowering market barriers and maintaining fair competition in the market.

Yesterday, Secretary of Commerce Gina Raimondo testified at a Senate hearing on the Commerce Department's Fiscal Year 2023 Budget Priorities.

Yesterday, the Office of the United States Trade Representative (USTR) released its 2022 Special 301 Report "on the adequacy and effectiveness of U.S. trading partners’ protection and enforcement of intellectual property (IP) rights."

China's legislative body recently passed its first Futures and Derivatives Law after nearly a decade of work. The law aims to provide a legal basis for various activities in the market, as well as cross-border transactions. The new law will take effect on August 1.

The European Commission announced yesterday that it had approved "a €130 million Lithuanian scheme to support and facilitate access to finance by companies affected by the exceptional circumstances resulting from China's discriminatory trade restrictions on Lithuania."