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Korea, EU export 3.3 trillion won … Ministry of Foreign Affairs "Concerns about the negative impact on free trade"
The European Union (EU) announced on June 18 that it was going to launch a temporary safeguard against 23 steel products from the 19th century.
The EU has decided to protect the EU industry by imposing tariffs on US steel products through the Gazette because the products exported to the US have been affected by the European market and could harm the European industry.
According to the measure, Korea, China, India, Russia, Turkey and Ukraine should be affected.
In March, the European Union announced that the safeguard measure related to imports of certain products, if the imports were expected to cause serious injury to the domestic industry, by limiting imports or by increasing imports. tariffs. On Tuesday, the company launched an investigation on the safeguard operation to protect the EU steel industry.
In order to normally determine a measure of protection, a survey will be conducted for nine months, but if there is clear evidence that a damage has already occurred, the measure of protection can be applied until 39 to 200 days.
The EU decided to impose an import quota of 23 steel products taking into account the volume of imports over the past three years and to impose a tariff of 25% on imports exceeding this amount.
The EU first investigated 28 products and decided to launch a safeguard measure against 23 products, excluding the five products judged without increased imports.
The European Commission has announced that Safeguard will enter into force this month for steel products imported into the European Union on 6 June.
The European Commission also announced that the protection of aluminum The company said that it operates a monitoring system for the necessary measures.
South Korean exports of 23 EU steel products, whose security is guaranteed, amounted to 3,332 million tons, or $ 2.9 billion (about 3,300 billion won) ), according to the Ministry of Foreign Affairs. The Foreign Ministry said: "The EU survey on safeguards will continue in the second half and will be decided at the end of the year after the September public hearing" .
The Department of Foreign Affairs is of the opinion that the EU's provisional measures will not only have a negative effect on mutual trade between the EU and global freedoms and multilateral trade, but will also lead to global expansion and a vicious circle of protectionist measures. And that it was possible to send it to the EU member states.
(Brussels · Seoul-Yonhap News) Kim Byung-soo correspondent Cho,
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