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"EU decision to introduce steel protection" … ->
[아시아경제 국제부 기자] Execution of the executive power of the European Union (EU) .
[이미지출처=연합뉴스]
The committee announced Monday (June 6th) that it would temporarily introduce a guarantee on steel products imported into the EU in order to prevent damage to the European steel industry due to the fact that it is not safe to sell. imposition of US duties on iron and steel products and to protect the iron and steel industry. 19659007] The commission announced on the 5th that the & # 39; SafeGuard & # 39; Committee it was held on the 5th, and it was decided with the mbadive support of the member countries.
While the EU has provisionally introduced a guarantee on steel products, it is likely that some of the steel products imported into the EU An amount of quota is set for the scale and a high price is imposed for the product that exceeds it.
As a result of the imposition of tariffs on US steel products, the Korean steel industry is expected to suffer a double setback as the EU launches Safeguard to justify the protection of the iron and steel industry.
Since the imposition of customs duties, the EU fears that steel products exported to the United States have been exported to the EU and that this is hurting the industry EU iron and steel industry.
According to World Trade Organization (WTO) regulations, it takes nine months to activate Safeguard, but the sudden increase in imports causes damage
The Commission determined the amount of the quota on the basis of the amount of imports in recent years, and it was decided that 25% of tariffs. The main exporters of steel imported into the EU are China, India, Russia, South Korea, Turkey, Ukraine, and so on.
The Commission Will Introduce Provisional Steel Protection,
Journalist of the International Department interdep@asiae.co.kr
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