Posted on 22 Dec 2021
The European Commission announced on December 17, 2021 to initiate a review of safeguard measures on certain steel products.
The EC will carry out this review in line with six structures, including allocation and management of tariff-rate quota, crowding-out of traditional trade flows, update of the list of developing WTO member countries excluded from the scope of the measures based on their most recent level of imports, level of liberalization, changes in the US Section 232 measures, and other changes of circumstances that may require an adjustment to the level of allocation of the tariff-rate quota.
The result of this review was expected to be made no later than June 30, 2022.
Source:Yieh
