HMRC: UK steel safeguards to remain with new trade accords
2021-01-04 10:43:46 [Print]
The UK's steel import safeguards system, which was published on September 30, 2020 for use from January 1, 2021, will still be applicable to some trade between the EU and the UK, and between Turkey and the UK, following the agreement of new trade accords with these partners in recent days, the UK tax department HMRC clarified December 30, 2020.
Safeguards are non-preferential measures, along with measures including anti-dumping duties and countervailing duties. Preferential agreements – such as the ones negotiated by the UK with both the EU and with Turkey – do not impact on the application of steel safeguards, an HMRC officer revealed.
"Preferences are optional, but you cannot opt out of non-preferential measures (which includes safeguards, anti-dumping and countervailing duties)," the officer said. "Any steel safeguards exemptions granted to certain countries are on the basis of low volumes of exports of the particular product. The UK steel safeguards will remain in place, at least until after the current safeguard review concludes in June 2021."
Safeguards are non-preferential measures, along with measures including anti-dumping duties and countervailing duties. Preferential agreements – such as the ones negotiated by the UK with both the EU and with Turkey – do not impact on the application of steel safeguards, an HMRC officer revealed.
"Preferences are optional, but you cannot opt out of non-preferential measures (which includes safeguards, anti-dumping and countervailing duties)," the officer said. "Any steel safeguards exemptions granted to certain countries are on the basis of low volumes of exports of the particular product. The UK steel safeguards will remain in place, at least until after the current safeguard review concludes in June 2021."
