EU strengthens control over steel imports: ban on products from Russia and Belarus
On January 27, the European Parliament's International Trade Committee adopted a number of measures to counter the negative impact of global overproduction on the EU steel market.
This was reported by the press service of the department.
Members of the European Parliament's International Trade Committee have adopted their position on the European Commission's proposed regulation aimed at countering the negative trade effects of the global steel glut on the bloc's market.
The current EU protective measures, introduced in 2018 in accordance with the rules of the World Trade Organization (WTO), will expire on June 30, 2026.
The approved text provides for a reduction in import quotas, limiting the volume of duty-free imports to 18.3 million tons per year, which is 47% less than steel quotas in 2024. It is also proposed to apply a 50% customs duty on imports in excess of the established quota and on steel products that are not subject to quotas.
The draft regulation aims to strengthen the traceability of imported steel products by clarifying the list of evidence that importers must provide regarding the origin of steel.
Finally, the draft legislation provides for a ban on the import of all steel products from Russia and Belarus, adding to the list of goods whose import from these two countries is already limited.
At the same time, the International Trade Committee also approved the decision to start negotiations with the EU Council in order to reach an agreement on the final form of the draft law in the spring.