Favorable decision for Argentina: steel exports to Europe will be exempt from customs duties

From this year, steel exports to the countries of the European Union (EU) can enter the common market without paying additional customs duties.

Free entry will be possible after the country was excluded from a list of countries that will be the subject of protectionist measures (known as "safeguards") in its steel products to enter the European common market. For the government, this exception is "an achievement of singular importance", as badured by the Minister of Foreign Affairs, Jorge Faurie.

The main steel products exported are rolled steel sheet and strip, seamless steel pipe, tin products and metal coated sheet. occasionally, Shipments from the steel sector to the EU generated 188 million euros between 2012 and 2017, according to sources from the Ministry of Foreign Affairs..

In March 2018, the European Commission initiated an investigation into the application of safeguard measures for almost all imports of steel products and more than 300 tariff items were grouped into 28 product groups under investigation.

Argentina's request for an exception, approved today by the European supervisory body, has avoided the application of protectionist measures such as the 25% tariff on steel products from Argentina entering the European market.