The European Commission says it will take into account the "special and very difficult current situation" in Ukraine when determining steel import quotas for a particular country under the upcoming EU regime after the introduction of protective measures. Kallanish notes that this is happening amid concerns about the potential impact on Ukrainian steel exports.

"Ukraine remains an important importer of steel to the EU, and we are making sure that it can take advantage of the special quota and that its exports to the EU continue, albeit at a lower level than in previous years." This was stated on Monday by the press secretary of the European Commission, Paula Pinho. "During the negotiations and when deciding on the exact quota, we will, of course, take into account the special and very difficult current situation in Ukraine."

The comments were made in response to questions about the impact on Ukraine of the planned EU measures aimed at limiting steel imports in the context of a global oversupply of production capacity.

On Tuesday, the plenary session of the European Parliament voted in favor of the proposed steel trade regulation, which is intended to replace the protective measure in force since July 1. The regulations must now receive official approval from the Council before they can enter into force.

Ukraine's position as a candidate country with special security concerns will be taken into account when negotiating the allocation of quotas for countries, the regulatory document confirms.

When asked about the timing of negotiations with trading partners, Pinault noted: "We are working on a tight schedule. Thus, the goal is to prepare an implementation act by July 1, when the current guarantees for steel expire."

Author: Elina Virchenko

Kallanish.com

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