EU officials: Provisional quotas, but without problems for the import of steel from Serbia

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    EU officials: Provisional quotas, but without problems for the import of steel from Serbia

    The European Union (EU) has imposed provisional measures to limit steel import, primarily due to unilateral US measures imposed on the import of this product, but Serbia will essentially not face any additional customs duties if it exports its steel on the EU market to the usual levels.

    This is what the Beta agency was told by the officials of the Directorate-General for Trade of the European Commission (EC).

    They pointed out that the EU posted on the World Trade Organization’s website in January temporary quotas for the import of steel from third countries, whereby Serbia can export 56,480 tons of steel from 2 February to 30 June this year.

    Afterwards, Serbian export from 1 July this year to 30 June 2020 can reach 145,275 tons, and from 1 July 2020 to 30 June 2021, 152,539 tons.

    After 1 July 2021, the EU will finally determine the final regime of steel import for every partner in the world.

    Serbia has already been exempt from EU temporary measures introduced in July 2018 limiting the import of steel, and, according to the European Commission, the Free Trade Agreement of the Stabilization and Association Agreement between the EU and Serbia is also taken into account, whose goal is economic strengthening and stabilization of Serbia.

    Sources in the Directorate-General for Trade in the EC believe that the export of Serbian steel will not be compromised, especially since it is modest in volume compared to the global export of steel from the world on the EU market.

    Izvor: Beta

    Foto: Pixabay

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