EU makes final sunset review decision on safeguard measures for imported steel products
2021-06-22 11:51:35 [Print]
On June 11, 2021, the WTO Committee on Safeguards issued the notification on safeguards submitted to it by the EU delegation. According to the announcement of the European Commission, it made the final sunset review of safeguard measures for imported certain steel products, and the safeguard measures in the form of quota will continue to be implemented for three years from July 1, 2021, that is, a 25% safeguard tax will be levied on the imported certain steel products outside the quota, and the quota will increase by 3% every year. The measure is valid until June 30, 2024. This case involves the European Union CN (Common Nomenclature) codes 7208 100 00, 7209 15 00, 7209 16 10, 7210 20 00, 7210 70 80, 7209 18 99, 7208 51 20, 7219 11 00, 7219 31 00, 7214 30 00, 7214 20 00, 7222 11 11, 7221 00 10, 7213 10 00, 7216 31 10, 7301 10 00, 7306 30 41, 7306 61 10, 7304 11 00, 7304 51 12, 7305 11 00 7306 11 10 and 7217 10 10.
On March 26, 2018, the European Commission launched investigation on safeguard measures for imported steel products. On July 18, 2018, the European Commission made a preliminary ruling on the case. On January 4, 2019, the WTO Committee on Safeguards issued the final ruling circular on safeguards submitted by the EU delegation on January 2, 2019, and decided to levy a 25% safeguard tax on steel products imported out of quota before February 4, 2019. On May 17, 2019, the European Commission conducted the first review of this safeguard measure case, and on September 26, 2019, it made a final decision on this case. On February 26, 2021, the WTO Committee on Safeguards issued a circular on February 26, 2021, to which the EU delegation submitted a safeguards investigation. On February 26, 2021, the European Commission launched the sunset review of safeguard measures for certain steel products.
On March 26, 2018, the European Commission launched investigation on safeguard measures for imported steel products. On July 18, 2018, the European Commission made a preliminary ruling on the case. On January 4, 2019, the WTO Committee on Safeguards issued the final ruling circular on safeguards submitted by the EU delegation on January 2, 2019, and decided to levy a 25% safeguard tax on steel products imported out of quota before February 4, 2019. On May 17, 2019, the European Commission conducted the first review of this safeguard measure case, and on September 26, 2019, it made a final decision on this case. On February 26, 2021, the WTO Committee on Safeguards issued a circular on February 26, 2021, to which the EU delegation submitted a safeguards investigation. On February 26, 2021, the European Commission launched the sunset review of safeguard measures for certain steel products.
