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WTO Receives EC Steel Safeguards Notification

(Argus Media)

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.