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.

 


Similar articles

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Price gap between low and high-phosphorus Brazilian BPI narrows in last deals

25 Mar | Scrap & Raw Materials

Ex-Brazil BPI sellers resist plummeting sentiments in US owing to last deals at stable levels

07 Mar | Scrap & Raw Materials

Ex-Brazil BPI prices stable in further deals, US buyers fail to achieve decreases

29 Feb | Scrap & Raw Materials

ArcelorMittal Brasil and Petrobras to cooperate to develop low-carbon economy

28 Feb | Steel News

Hilco Global to sell EAF and continuous billet caster

08 Feb | Steel News

Brazil’s CSN to modernize Presidente Vargas plant

05 Feb | Steel News

Ex-Brazil BPI market on verge of decline, but so far not confirmed in deals

29 Jan | Scrap & Raw Materials

Brazil’s Sinobras starts production at its new long product rolling mill

10 Jan | Steel News

Higher ex-Brazil BPI offers finally fixed in deal

04 Jan | Scrap & Raw Materials