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STEEL SAFEGUARD MEASURES
BY:
Sandra Strong
11 June 2021
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The Trade Remedies Authority has today (Friday 11 June) published its final recommendation to the Secretary of State for International Trade on the future of the UK’s steel safeguard measure.
The Trade Remedies Authority has today (Friday 11 June) published its final recommendation
to the Secretary of State for International Trade on the future of the UK’s steel safeguard measure. After reviewing available evidence, the independent body has recommended the extension of the UK steel safeguard measure across 10 product categories for a further three years, and the revocation of the measure across nine product categories.
Pursuant to the relevant regulations, the Secretary of State will now decide whether to accept the TRA’s recommendation or to reject it.
The TRA published a statement of intended preliminary decision (SIPD) on 19 May, giving producers, importers, exporters, other interested parties and contributors who provided information during the review process, the opportunity to comment on its initial findings. The recommendation to the Secretary of State takes into account close analysis of the 44 submissions that were made to the TRA following the SIPD.
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Trade Remedies or Trade Measures are internationally agreed trade control methods implemented at the country level to balance domestic and international markets, safeguarding the local domestic market.
