Kiev to initiate trade negotiations on pipes
Kiev will reportedly restart the trade negotiations on
pipe imports from
Ukraine to
Russia.
As previously reported by SteelOrbis, Moscow announced plans to impose a 40 percent duty or to implement a quota restriction on large diameter pipes imported from
Ukraine to
Russia, since the domestic steel producers are suffering because of the cheap imports.
Industry sources report that
Ukraine's Cabinet of Ministers sent a letter to
Russia's Ministry of Economic Policy and Trade in an effort to restart the failed trade negotiations between the two countries.
While Russian
pipe producers suffer from the Ukrainian imports, if a tariff or a quota restriction is implemented on Ukrainian pipes, Ukrainian
pipe producers will bear a loss. So it is in both countries best interests to meet and hammer out a win-win agreement.