UK’s Trade Remedies Authority has initiated a Tariff Rate Quota review looking at all categories of steel products which are imported into the UK and which are subject to the safeguard trade remedy measure. The Trade Remedies Authority will assess whether the exceptions for imports from developing countries need to be amended based on updated import data. The Trade Remedies Authority’s assessment will consider imports from all developing countries, including countries which are currently accepted from the measure and those which are not.The Trade Remedies Authority will review the goods imported to the UK from each of the developing countries which are subject to the steel safeguard measure. If the Trade Remedies Authority establishes that imports from a developing country have increased, taking the country’s imports above the 3% threshold for exception from the measure, it can recommend that imports from that country are now subject to the measure. This will mean that imports from that country will be subject to the TRQ residual quota which defines how much importers can bring in before paying higher tariffs, or to a quota specific to that country. The Trade Remedies Authority can also recommend that a developing country which was previously within scope of the safeguard measure should now be excluded if its imports have dropped below 3% of total imports of the product entering the UK. The Secretary of State for International Trade will make the final decision based on the Trade Remedies Authority’s recommendation. If revisions to the Tariff Rate Quotas s are requiredTariff 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 Tariff Rate Quotas s 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 and need to review these exceptions regularly to check whether any countries need to be added to or removed from the exception.Safeguard measures are one of the three types of trade remedies, along with anti-dumping measures which counter goods being dumped in countries at prices below their normal price in their country of origin and countervailing measures against countervail able subsidies that are allowed under World Trade Organization rules.Trade remedy investigations were carried out by the EU Commission on the UK’s behalf until the UK left the EU. Forty-four EU trade remedies measures of interest to UK producers were carried across into UK law when the UK left the EU and the Trade Remedies Authority needs to review each one to check if it is suitable for UK needs.
UK’s Trade Remedies Authority has initiated a Tariff Rate Quota review looking at all categories of steel products which are imported into the UK and which are subject to the safeguard trade remedy measure. The Trade Remedies Authority will assess whether the exceptions for imports from developing countries need to be amended based on updated import data. The Trade Remedies Authority’s assessment will consider imports from all developing countries, including countries which are currently accepted from the measure and those which are not.The Trade Remedies Authority will review the goods imported to the UK from each of the developing countries which are subject to the steel safeguard measure. If the Trade Remedies Authority establishes that imports from a developing country have increased, taking the country’s imports above the 3% threshold for exception from the measure, it can recommend that imports from that country are now subject to the measure. This will mean that imports from that country will be subject to the TRQ residual quota which defines how much importers can bring in before paying higher tariffs, or to a quota specific to that country. The Trade Remedies Authority can also recommend that a developing country which was previously within scope of the safeguard measure should now be excluded if its imports have dropped below 3% of total imports of the product entering the UK. The Secretary of State for International Trade will make the final decision based on the Trade Remedies Authority’s recommendation. If revisions to the Tariff Rate Quotas s are requiredTariff 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 Tariff Rate Quotas s 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 and need to review these exceptions regularly to check whether any countries need to be added to or removed from the exception.Safeguard measures are one of the three types of trade remedies, along with anti-dumping measures which counter goods being dumped in countries at prices below their normal price in their country of origin and countervailing measures against countervail able subsidies that are allowed under World Trade Organization rules.Trade remedy investigations were carried out by the EU Commission on the UK’s behalf until the UK left the EU. Forty-four EU trade remedies measures of interest to UK producers were carried across into UK law when the UK left the EU and the Trade Remedies Authority needs to review each one to check if it is suitable for UK needs.
