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The Ministry of Foreign Affairs informed the press service of Grupo Estado's real-time press system that consultations between the government and the European Union were already underway to tackle the problem obstacles.
A proposal from the European Union, which will vote this week, provides for surcharges for 26 steel products, all exporting countries being taken into account. Seven products would be affected in the case of Brazil.
"The Brazilian government is following as an interested party the survey on the European Union's safeguards on steel imports since its inception in March 2018," Itamaraty said. "On January 4, the European Union notified the WTO (World Trade Organization) of the results of the investigation and its decision to immediately impose safeguards on imports from the United States of America. steel from all parts of the world. "
According to Itamaraty, consultations are ongoing with the European Union to solve this problem. As reported Sunday the TV channel, 26 steel products will be overtaxed by the European Union. A quota will be offered for each country. If the volume exceeds the quotas, a surcharge of 25% will be applied. China, for example, will be limited to 16 different products, compared to 17 in Turkey and 15 in India. In the case of Brazil, the EU notification to the WTO mentions seven products.
Brazil exports about 15 million tons of steel a year (9.5 billion US dollars), of which 25% is destined for Europe. . In 2017, 3.9 million tonnes were exported to the block. Part of this volume consists of semi-finished products, which were not included in the list of restrictions.
The impact on Brazilian exports will be felt on sales of cold-rolled products (used by the automotive industry, machinery and equipment), industry) and metal (packaging) , among other types of steel. (COLLABORATE JAMIL CHADE AND SCARAMUZZO Mónica)
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