Ukrainian sources, quoting the European Union (EU) representative in
Ukraine, report that the EU and
Ukraine intend to agree on an EU steel quota rise for the
Ukraine, up from 1.04 million metric tons to 1.32 million metric tons.
According to a statement issued by the EU representative in
Ukraine on January 19, the concerned parties have initiated a bilateral agreement regarding the steel trade in 2007. Accordingly, the EU intends to raise its 2007 steel quota allocated to
Ukraine due to the accessions of
Romania and
Bulgaria to the EU. In addition, the removal of the quota regime has been proposed for two kinds of steel products exported by
Ukraine to the EU.
The agreement is expected to be enforced in May 2007.