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The European Commission has approved the extension of a tariff package for the import of steel and its derivatives, which would directly affect Brazilian steelmakers' exports.
The EU executive body decided to extend the measures in force since July 2008 for an additional period of two and a half years. The package sets quotas for a total of 28 items – such as steel tubes, rolled steel, plate, among others – of which 7 relate to Brazilian products.
If the products violate the limits established by the Commission, a tax of 25 This measure was initially intended to protect the European bloc from the significant supply of steel products, a phenomenon observed on the international market since the decision of the US President Donald Trump to impose taxes on the product in May.
of 2018.
Of the 7 Brazilian steel products, 3 had fixed-cold-rolled ceilings, sheets and profiles. According to the document, the Brazilian product will dispute part of the total with "other countries" .
According to the World Trade Organization, the bloc intends to extend the obstacles until half of 2021 to protect the bloc's domestic market, affected by the recent crisis in the steel sector
. The EU significantly increased its steel imports between 2013 and 2017, from 12.4% to 17.8% of the total. Last year, Brazil exported 2.1 million tons of steel and steel products to the block, accounting for about 15% of the country's total exports.
In a note published late in the afternoon, Itamaraty stated the following: " is engaged in the defense of the interests of Brazilian exporters " " " initiated a dialogue with the European Union with the aim of preserving the exports of domestic enterprises ] Continue reading
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