The World Trade Organisation (WTO) this morning published the European Commission (EC) notification on its safeguard investigation findings, confirming the EU’s plan to introduce definitive quotas on imports from 2 February. [...]
The EU plans to impose tariff-rate quotas based on 2015-17 import volumes plus 5pc, and will be mostly on a country-by-country basis for all products except hot-rolled coil, which has a general quota.
Countries with “a significant supplying interest” will get country-by-country allocation, while others will import under a “residual quota”, the remaining balance of which will become available to all exporters in the last quarter of the period. Click here to read more.