Thailand not to extend safeguard duty on steel imports

Friday, 11 January 2019 16:49:04 (GMT+3)   |   Istanbul
       

The government of Thailand has decided not to extend safeguard measures on hot rolled alloy steel imports after a probe, concluding that such imports do not cause injury to the domestic industry, according to a news report by Bangkok Post.

Thai deputy commerce minister Chutima Bunyapraphasara stated that, in the case of a safeguard extension, the trade partners of the country would possibly engage in retaliation.

The safeguard duties on steel imports were first imposed by Thailand between the dates of February 27, 2013 and February 26, 2016, and extended in February 27, 2016 for another three years. The duty rate was 39.1 percent.


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