EU countries to vote on new safeguard measures on January 16

Thursday, 10 January 2019 14:47:19 (GMT+3)   |   Brescia

According to Reuters, European Union countries will vote on January 16 regarding the European Commission’s definitive safeguard measures on certain steel imports.

The vote would put in place import quotas for a period of 150 days starting from February 2, 2019, and for the period between July 1, 2019 and June 30, 2020, and for the period between July 1, 2020 and June 30, 2021.

The quotas will vary depending on the country for each product. The commission's proposal is similar to the provisional measures, although quotas would be set at the average of the last three years plus five percent. The quotas would apply for three-month periods in order to limit stockpiling and could be increased by five percent each year.

Reuters quotes a EU diplomat as stating, "There is more scepticism than at the provisional stage. Steel users have been affected... but I expect there will be enough countries in favor to push the safeguards through."

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