Brazil seeks compensation from EU on safeguard measures

Wednesday, 20 February 2019 14:27:29 (GMT+3)   |   Sao Paulo

According to a joint note from Brazil’s Ministry of Economy and Ministry of Foreign Affairs on the European Union safeguards on steel products, the Brazilian government has submitted to the European Union a request for compensation for the safeguards on steel imports imposed by the European Union in early February. 

At the same time, the Brazilian government has informed the World Trade Organization (WTO) that Brazil, under the Safeguards Agreement, could adopt measures in order to rebalance its trade with the European Union, in view of the impact of the safeguard measures on the steel industry. 

The statement said the Brazilian government remains open to dialogue with the European Union in order to seek the best way to address these issues. It also reiterates its willingness to continue defending the interests of Brazilian producers and exporters with all their commitment.


Most Recent Related Articles

Usiminas names members for audit committee

Union calls meeting to sue CSN or start strike

Brazilian crude steel production declines in April

Brazilian iron ore prices continue uptrend

CSN updates iron ore guidance, Capex spending amid pandemic