The Council for Trade in Goods (CTG) recently convened to address a variety of trade concerns and current trade tensions. Among the 36 issues reviewed, Australia raised a new concern regarding India's certification process for cotton bales. Additionally, the Republic of Korea requested discussions on the United Kingdom's safeguard measure on certain steel products.
The CTG has previously tackled measures related to non-tariff barriers, environmental policies, import taxes, and more across various sectors such as agriculture and shipbuilding. Specific products like electric vehicles and cosmetics have also been discussed.
During the meeting, the United States responded to notifications from the European Union, India, Japan, and the United Kingdom about suspending concessions under Article 8.2 of the WTO's Agreement on Safeguards due to US tariff measures. The US stated that these tariffs were imposed under Section 232 for national security reasons and are not subject to suspension under the Safeguards Agreement.
Canada, Norway, and the EU expressed concerns over global trade fragmentation caused by recent US tariffs. They emphasized support for multilateral trading with WTO at its core but acknowledged necessary reforms to reflect current economic realities.
Ambassador Gustavo Nerio Lunazzi from Argentina reported on consultations aimed at improving CTG operations. Recommendations included focusing discussions on political aspects of trade concerns and enhancing transparency through digital tools.
A decision was adopted regarding recording resolutions of trade concerns based on practices from other WTO committees. Three members supported this move towards greater efficiency.
The CTG also considered a US request for a waiver from WTO rules under the Caribbean Basin Recovery Act. This initiative aims to expand trade between the US and Caribbean nations.
The next formal CTG meeting is scheduled for November 27-28, with an informal meeting set for September 24.