EC to Review TRQs on 26 Steel Products
The European Commission initiated a review of the tariff-rate quotas on 26 different steel products, it said in a Dec. 17 notice. The commission will look into whether any adjustments to the TRQs are necessary due to "unduly crowding-out effects"…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
and whether it needs to update the list of developing World Trade Organization member states that need to be excluded from the scope of the TRQs based on their most recent import levels. So long as a developing nation's share of EU imports of the given steel product doesn't exceed 3%, no safeguard measure can be applied to this product from a developing country, the notice said. The review investigation will be wrapped up by June 30, 2022, at the latest, the commission said. The covered merchandise includes electrical sheets, tin mill products, rebar, stainless bars and gas pipes.