The Trade Remedies Authority has initiated a Tariff Rate Quota review on steel products which are imported into the UK from over 120 developing countries and which are subject to the UK steel safeguard trade remedy measure. The TRA received a request to review the developing country exceptions on rebar, one of the categories of steel covered by the measure. The TRA is planning to review these exceptions for other categories of steel as well, bringing forward its planned annual review to ensure businesses can more quickly benefit from any necessary changes to the tariffs they are subject to. The TRA will assess whether the exceptions for imports from developing countries need to be amended based on updated import data. The TRA’s assessment will consider imports from all developing countries, including countries which are currently accepted from the measure and those which are not.The TRA has been asked to look at the developing country exceptions on rebar. To make the review more efficient, the TRA is considering whether to widen the scope and look at all steel categories and all developing country exceptions covered by the measure.The existing quotas were set in July 2022.Tariff rate quotas are part of the World Trade Organization framework. They specify how much of a product can be imported from a country before its imports are subject to higher tariffs. Imports from developing countries are given exceptions to these TRQs if the goods imported are less than 3% of the total imports of that product and if, collectively, these low volume exporters account for no more than 9% of the total imports of that product. Members of the WTO are responsible for managing their own developing country exceptions to TRQs.
The Trade Remedies Authority has initiated a Tariff Rate Quota review on steel products which are imported into the UK from over 120 developing countries and which are subject to the UK steel safeguard trade remedy measure. The TRA received a request to review the developing country exceptions on rebar, one of the categories of steel covered by the measure. The TRA is planning to review these exceptions for other categories of steel as well, bringing forward its planned annual review to ensure businesses can more quickly benefit from any necessary changes to the tariffs they are subject to. The TRA will assess whether the exceptions for imports from developing countries need to be amended based on updated import data. The TRA’s assessment will consider imports from all developing countries, including countries which are currently accepted from the measure and those which are not.The TRA has been asked to look at the developing country exceptions on rebar. To make the review more efficient, the TRA is considering whether to widen the scope and look at all steel categories and all developing country exceptions covered by the measure.The existing quotas were set in July 2022.Tariff rate quotas are part of the World Trade Organization framework. They specify how much of a product can be imported from a country before its imports are subject to higher tariffs. Imports from developing countries are given exceptions to these TRQs if the goods imported are less than 3% of the total imports of that product and if, collectively, these low volume exporters account for no more than 9% of the total imports of that product. Members of the WTO are responsible for managing their own developing country exceptions to TRQs.
