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On December 14, 2021, the World Trade Organization (WTO) released its findings from the dispute panel initiated in August 2019 against India’s trade distorting sugar subsidies. The WTO report found that India’s subsidies violated its obligations under the multilateral agreement.
The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
On September 16, 2021 China applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Although faced with institutional obstacles for joining the CPTPP, China-based experts have noted that accession to the CPTPP could quicken economic development and trade liberalization by meeting the agreement's high-standards and progressive requirements.