EU reduces duty-free import quota for Swiss steel
Switzerland can now import less duty-free steel into the European Union than before.
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EU reduces duty-free import quota for Swiss steel
The duty-free import quotas into the EU for partner countries with an agreement are around 33% lower than before, said a European Commission official. This affects Switzerland and 11 other countries.
From July 1, the EU will implement stricter protective measures on steel. Duty-free import quotas will be reduced by 47% to 18.3 million tonnes per year. Imports will be subject to a 50% tariff – up from 25%.
The countries of the European Economic Area (EEA) – Norway, Iceland and Liechtenstein – are exempt from the measure. Switzerland sought an exemption, which was not granted.
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Translated from German, sub-edited by mga
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