EU says new metal import tariffs is not going to hurt Ukraine

Ukraine's preferential phrases or its metal exports is not going to be affected by a brand new European Fee plan to guard the EU metal trade, which was introduced in Strasbourg on 7 October and goals to chop import quotas by 47% whereas doubling tariffs on extra imports.

Supply: Olof Gill, Deputy Chief Spokesperson for the European Fee, in a remark to European Pravda

Particulars: The discount of quotas and improve of tariffs on metal imports to the EU is not going to cancel the EU's earlier choice to grant preferential therapy to Ukraine.

Commercial:

Quote: "The Fee's help for Ukraine is unwavering. This measure isn’t the identical because the earlier metal safeguard. As such there isn’t any contradiction to a earlier choice taken that can stay in place till the safeguard expires."

Particulars: Gill defined that the brand new proposal "goals at tackling the adverse results of world overcapacity on the Union's metal market".

"Ukraine is amongst the highest ten sources of imports into the EU. And, we should be conscious that, in sure market segments, Ukraine's imports into the EU have grown considerably within the context of depressed native demand," the spokesperson mentioned.

He added that in 2024, Ukraine even considerably elevated its exports in a number of key product classes coated by the brand new regulation.

Quote: "Nevertheless, below the measure, Ukraine may have entry to a system of free-of-duty tariff quotas. The proposal particularly signifies that we’ll have in mind the state of affairs of a candidate nation, akin to Ukraine, dealing with an distinctive and instant safety state of affairs when allocating these quotas."

Background:

• The European Fee plans to chop metal import quotas by 47% and lift tariffs on imports by 50%.
• In June 2025, the Council of the European Union adopted a regulation extending the suspension of protecting measures on imports of iron and metal from Ukraine.
• The EU intends to lift metal import tariffs to 50% to align the Union's price with that of the US, which is looking for to counter extra metal manufacturing capability in China.
• The EU metal trade has been dealing with a deep disaster lately as a result of low cost imports from China and different Asian economies. As well as, US President Donald Trump raised tariffs on metal and aluminium imports to 50% shortly after taking workplace.

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