Morocco’s Ministry of Industry and Trade has announced the results of the investigation for the extension of safeguard measures on imports of wire rod and rebar. The ministry has decided to extend the measures for imports of rebar and wire rod until October 15, 2023.
The investigation was provoked on August 17, 2021, and closed on December 15, 2021.
According to the statement, the import quota for rebar is set at 123,938 mt for the period between January 1, 2022, and December 31, 2022, while it stands at 129,825 mt for the period between January 1, 2023, and October 15, 2023.
Meanwhile, the import quota for wire rods remains at 146,410 mt, unchanged since 2018, as the current quota level represents 77 per cent of consumption, and a gradual increase of quota volume would cancel the expected effect of the measure.
This measure will not apply to imports of certain products from developing countries, which are members of the World Trade Organization.
The products subject to the safeguard measure currently fall under Customs Tariff Statistics Position Numbers 7213.91.90.00, 7214.20.90.00 and 7214.99.91.00.