“We will continue to use our trade defence instruments in a robust fashion to ensure that our economic recovery takes place in a level playing field,” said Sabine Weyand in a recent meeting with MEPs last week. Discussing the revised EU steel safeguard, which is coming into force tomorrow, Weyand …
Steel
Week in Brussels: digital tax wars, new strategy, SME exports, anti-subsidy
It’s been quite a week in terms of trade news, with the launch of an EU healthcare initiative with the WTO’s Ottawa Group meeting and new plans to control foreign subsidies of companies operating in Europe. Below some other notable news. UK talks: European Parliament talks tough on LPF and …
EU steel safeguard: Quota volumes reduced, new countries targeted
The European Union is revising for the second time a steel safeguard it applies to 26 product categories since February 2019. Differentiated approach to quota volumes In an approach that raises interesting World Trade Organization compatibility questions, the EU is not announcing an expansion. In fact the EU is reducing …
INTA committee: pharma IP, enforcement regulation, steel, chief enforcement officer
Today the international trade committee met for a somewhat longer session than the one held at the end of April at the height of Europe’s lockdown. Here some highlights of what’s been said. Pharma intellectual property The pharmaceutical intellectual property space is one to watch very closely post COVID-19. It …
Week in Brussels: Hogan on Azevêdo, G20, Turkish steel, Com sues Finland and UK on BITs
It’s been quite a week, with the World Trade Organization’s chief resigning on Thursday, adding another twist to the ongoing drama in the world trading system. But other news have been drowned in the process. A selection below. Hogan wants to move fast to replace WTO’s Azevêdo The European Union’s …
Turkey goes to WTO dispute settlement over EU steel safeguard
The European Union is revising for a second time its steel import safeguard which it formally introduced in February 2019. Turkey is now potentially complicating the process. Imports of steel from across the world were restricted following the United States’ decision to introduce high tariffs on steel imports on national …
EU steel safeguard focus point in WTO meeting
Usually World Trade Organization ‘safeguard committees’ are an understated, quiet affair. But Monday’s meeting in Geneva was different as it looked at a record number of 45 safeguard measures taken by members in recent months. The European Union’s own steel safeguard, in force since July 2018 and revised last month, …
Blog: WTO Section 232 panel reports not out before US elections
We all know it. The World Trade Organization’s dispute settlement body can’t cope with an overload of disputes. 2018 saw a surge in requests for consultations and dispute panels which an understaffed system now needs to digest. While the rules setting out the functioning of the WTO’s dispute panels stipulate …
EU tightens up its steel safeguard regarding developing countries
The European Commission announced a general tightening of its global steel safeguard on 14 August in the afternoon – in other words, when nearly everybody in Brussels and Geneva was on holiday. The timing of the announcement is not entirely innocent; had the measures been announced in September, there would …
Auto vs steel industry battle intensifies over import safeguard
The European Union is reviewing a safeguard it introduced earlier in 2019 to relieve steel producers from inexpensive imports in a market it feared would be flooded by cheap products in the aftermath of the US’s Section 232 steel import restrictions. The measure pits embattled European steel producers against the …