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Latest International Trade News

International Trade weekly highlights—30 January 2025

This week's edition of International Trade weekly highlights includes: the EU initiating dispute with China over Standard Essential Patent licensing practices, Panama appealing a World Trade Organization dispute panel report on import measures from Costa Rica, the Department for Business and Trade announcing the UK and Colorado signing a Memorandum of Understanding on trade and economic co-operation, the Office of the United States Trade Representative announcing a review of unfair foreign trade practices, the European Commission extending duties on Chinese e-bike imports until 2030, and a weekly roundup of HMRC import, export and customs guidance.

DBT announces UK and Colorado sign MOU on trade and economic cooperation

The Department for Business and Trade (DBT) has announced that the UK and the State of Colorado in the USA have signed a Memorandum of Understanding (MOU) focused on trade and economic cooperation. The MOU builds on the existing relationship between the two parties and outlines shared goals and activities to strengthen economic ties. Key areas of collaboration include clean energy and low emissions technology, space, digital technologies (such as artificial intelligence and quantum technologies), agriculture, and tourism. The MOU also covers cooperation on the recognition of professional qualifications and government procurement.

Panama appeals WTO dispute panel report on import measures from Costa Rica

The World Trade Organization (WTO) has announced that Panama has notified its decision to appeal the dispute panel report in case DS599, ‘Panama — Measures Concerning the Importation of Certain Products from Costa Rica’. The panel report, which was initially circulated to WTO members on 5 December 2024, was formally appealed by Panama on 24 January 2025 through notification to the WTO's Dispute Settlement Body.

USTR announces review of unfair foreign trade practices

The Office of the United States Trade Representative (USTR) has announced a review of foreign trade practices, conducted in accordance with sections 2(c) and 3(c) of the recently signed Presidential Memorandum ‘America First Trade Policy'. The review seeks to identify practices that may be deemed unfair to the US, including those that are potentially unreasonable or discriminatory, and could restrict US commerce.

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