Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for banking industry professionals · Wednesday, May 8, 2024 · 709,856,863 Articles · 3+ Million Readers

European Commission set to adopt definitive safeguard measures on imports of steel

Actions against imports into the EU | Brussels, 16 January 2019

The European Commission welcomes the support received today from Member States to its plan to impose definitive safeguard measures on imports of steel.

These measures are intended to shield European steel producers following the trade diversion of steel into the EU market from other producers around the world as a result of the unilateral US measures restricting imports of steel to the American market. The definitive measures aim to preserve traditional trade flows.

The safeguard measures target a well-defined list of steel products, regardless of their origin and strike a balance between the interest of European steel producers and users.

The plan was notified to our WTO partners and made publicly available on the 4 January.

The Commission will now finalise the procedure, so that the definitive measures can enter into force in the beginning of February 2019. Provisional safeguard measures are in place since July 2018 (until 4 February 2019). The new measures will remain in place until July 2021.  

More information

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release