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South Korea seeks exemption as Canada tightens steel tariff-rate quotas

Dec. 21 (Asia Today) — South Korea’s industry ministry said Sunday it has raised concerns with Canada over strengthened tariff-rate quota measures on steel set to take effect Dec. 26 and asked Ottawa to consider steps including an exemption or expanded quota for South Korea.

A tariff-rate quota (TRQ) is a trade system under which a limited volume of steel imports can enter Canada at a lower or zero tariff, while shipments exceeding that quota face much higher duties. Under Canada’s revised measures, the amount of South Korean steel that can enter Canada at the lower tariff rate will be reduced, and shipments above that limit would face much higher tariffs.

The Ministry of Trade, Industry and Energy said Trade Negotiations Director General Yeo Han-gu met Canadian Minister of International Trade Maninder Sidhu and Canadian Deputy Minister of Foreign Affairs Ali Essassi in Toronto on Dec. 18 local time and conveyed the position of South Korean industry on the measures.

Canada plans to lower the TRQ utilization rate for free trade agreement partners including South Korea from 100% to 75% and for non-FTA countries from 50% to 20%, the ministry said. Imports exceeding the quota would face a 50% tariff and a new 25% tariff would be applied to certain steel derivative products, according to the ministry.

The ministry said Yeo traveled to Canada one week after a phone call with Sidhu on Dec. 11 to hold detailed discussions. It said he asked Canada to take favorable measures for South Korea, citing large-scale investments by South Korean companies in Canada including battery makers and cooperation potential in sectors such as steel, electric vehicles, batteries, energy and critical minerals.

Yeo also said some steel items, including pipelines used in Canada’s oilsands crude production, are difficult to produce domestically and are largely supplied through imports, including from South Korea. Tightening TRQ measures on South Korean steel could affect both South Korean exporters and Canadian industry, he said, according to the ministry.

The ministry said Yeo and Sidhu agreed to establish a new strategic sector dialogue channel between trade ministers under the Korea-Canada free trade agreement, which marks its 10th anniversary this year. They also agreed to set up a hotline for discussions on issues including steel, electric vehicles, batteries, energy and critical minerals, the ministry said.

Sidhu proposed using Canada’s duty drawback system, which the ministry said remains in operation through the end of January 2026 for certain steel items not produced domestically. The ministry said South Korea plans to continue consultations on steel TRQs through high-level and working-level channels.

The ministry said Yeo also met South Korean companies operating in the Toronto area in sectors including steel, autos, home appliances and minerals to hear concerns about trade uncertainty. It said he visited a battery plant backed by LG Energy Solution in Windsor on Dec. 19 and toured the facilities.

The ministry said Yeo later held a meeting in Detroit with South Korean auto parts companies and reviewed issues including Section 232 tariffs on automobiles, Mexico’s announced tariff increases on non-FTA countries and trends related to USMCA revisions. It said he also met potential foreign investors in the auto parts sector to discuss investment opportunities tied to South Korea’s smart factory and manufacturing AI capabilities.

Yeo said shifting trade conditions across the United States, Canada and Mexico pose challenges for South Korean firms operating locally, but also create opportunities tied to changes in North American supply chains, the ministry said.

– Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

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Jeffrey Epstein accomplice Ghislaine Maxwell seeks prison release | Courts News

Maxwell, a former British socialite and Epstein accomplice, says her conviction for trafficking a ‘miscarriage of justice’.

Ghislaine Maxwell, former girlfriend and accomplice of convicted sex offender Jeffrey Epstein, has asked a federal judge in the United States to set aside her sex trafficking conviction and quash her 20-year prison sentence.

Maxwell made the long-shot legal bid in a Manhattan court on Wednesday, saying “substantial new evidence” had emerged proving that constitutional violations spoiled her trial in 2021 for recruiting underage girls for wealthy financier Epstein, who died in 2019.

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In the lengthy filing, Maxwell, 63, argues that “newly discovered evidence” proves that she “did not receive a fair trial by independent jurors coming to Court with an open mind”.

“If the jury had heard of the new evidence of the collusion between the plaintiff’s lawyers and the Government to conceal evidence and the prosecutorial misconduct they would not have convicted,” Maxwell wrote.

She said the cumulative effect of the constitutional violations resulted in a “complete miscarriage of justice”.

Maxwell submitted the filing herself, not in the name of a lawyer.

Proceedings of the type brought by Maxwell are routinely denied by judges and are often the last-ditch option available to offenders to have their convictions overturned, the AFP news agency reports.

Maxwell’s filing also comes just days before records in her legal case are scheduled to be released publicly as a result of US President Donald Trump’s signing of the Epstein Files Transparency Act.

The law, which Trump signed after months of public and political pressure on his administration, requires the Department of Justice to provide the public with Epstein-related records by December 19.

The circumstances of Epstein’s death and his influential social circle, which spanned the highest reaches of business and politics in the US, have also fuelled conspiracy theories about possible cover-ups and unnamed accomplices

Critics also continue to press President Trump to address his own once-close relationship with Epstein.

The Justice Department has said it plans to release 18 categories of investigative materials gathered in the massive sex trafficking probe, including search warrants, financial records, notes from interviews with victims, and data from electronic devices.

Epstein was arrested in July 2019 on sex trafficking charges but was found dead a month later in his cell at a New York federal jail, and his death was ruled a suicide.

Maxwell, once a well-known British socialite, was arrested a year later and convicted of sex trafficking in December 2021.

In July, she was interviewed by the Justice Department’s second-in-command and soon afterwards moved from a federal prison in Florida to a prison camp in Texas.

Maxwell’s transfer from the Federal Correctional Institution (FCI) Tallahassee – a low-security prison in Florida – to the minimum-security Federal Prison Camp in Bryan, Texas, was carried out without explanation at the time.

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