China Establishes Biopharma Pilot Project in Jiangsu
In a strategic move designed to bolster its bioeconomy, China’s State Council recently approved a new pilot program in the Jiangsu Free Trade Zone (FTZ), which will be used as a testing ground for system-wide innovation in the biopharma sector. One of the core innovations of the plan is
WTO Panel Rejects EU Attribution of Chinese Subsidies to Indonesian Government
In a report circulated last week, a WTO panel found that an EU countervailing duty calculated in a way that attributed Chinese government subsidies to the government of Indonesia was inconsistent with the WTO's Agreement on Subsidies and Countervailing Measures (SCM).
CTM Weekly Newsletter
This past week, CTM reported on the following.
China recently formalized some new measures, some of which may signal a prolonged period of strategic geopolitical tension. It revised its international maritime transport rules and granted new authorities to retaliate against discriminatory measures from foreign nations, a move that comes ahead
China Adds Retaliatory Authority as Section 301 Port Fees Loom
This week, China revised its international maritime transport rules and granted new authorities to retaliate against discriminatory measures from foreign nations, a move that comes ahead of the U.S. imposing port fees targeting China-built and China-operated ships.
Hikvision Pursues Domestic, International Lawsuits against Canadian Government
In response to an order to close its operations in Canada, Chinese tech company Hikvision, a major surveillance equipment manufacturer, has brought multiple lawsuits against the Government of Canada.
China To Implement Export Licenses for EVs
This week, China’s Ministry of Commerce (MOFCOM) and a number of other agencies published new rules on export license requirements for electric vehicles (EVs), marking the latest effort to regulate its booming auto exports, and perhaps also to avoid trade tensions.
BIS Tightens Export Controls with New Ownership Rule
Today, the U.S. Commerce Department’s Bureau of Industry and Security published an interim final rule that expands the application of export control sanctions by tightening export controls so they apply to subsidiaries of companies on the Entity List or the Military End-User List.