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Re: Brexit-Transitional Period Ends 31/12/20
Quote:
Originally Posted by Pierre
Chinese steel, not just the EU Single market but the global Market.
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If only the EU had imposed tougher tariffs on the Chinese...
https://www.independent.co.uk/news/u...-a6962446.html
Quote:
British steel: UK Government blocked EU plans to allow tougher tariffs on 'aggressive' Chinese imports
The UK is one of 14 countries that, as early as 2014, were seeking to block the EU from axing the so-called “lesser duty” rule
The Government has been accused of “failing to protect” British steel by blocking EU plans to impose tougher sanctions on “aggressive” Chinese steel dumping while the industry stands on the brink of collapse.
EU Council working party papers seen show the UK is one of 14 countries that, as early as 2014, were seeking to block the EU from axing the so-called “lesser duty” rule, which could allow increased tariffs to be placed on cheap imports...
... Annual Chinese steel exports to EU countries including the UK have increased from 1.3m tonnes in 2009 to 7.7m tonnes in 2015. The Fitch rating agency said this month that removing the “lesser duty” rule could “materially reduce” EU steel imports.
Dominic King, head of policy at UK Steel, said: “It is galling that the UK Government has not taken action itself and has continued to block these changes in the EU – leaving the steel industry on its knees. Government must support the lifting of the lesser duty rule, otherwise steel manufacturing will be lost in the UK and Europe.”
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