Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

U.S. Moves Toward Ending Steel-Tariff Fight With Offer to EU

The proposal, which U.S. officials were weighing last week, involves a tariff-rate-quota system, according to a person familiar with the situation who asked not to be identified because the discussions are private.

Intensive talks are ongoing, according to European officials who declined to be identified.

Tariff-rate quotas allow countries to export specified quantities of a product to other nations at lower duty rates, but subjects shipments above a pre-determined threshold to a higher duty.

The parties have agreed to move forward on restoring historic trade flows and to have a system that’s compliant with World Trade Organization rules on trade, the spokesperson said. The U.S. Commerce Department and the Office of the U.S. Trade Representative didn’t immediately respond to requests for comment.

The parties will discuss the issue at the inaugural meeting of the U.S.-EU Trade and Technology Council on Sept. 29 in Pittsburgh, where State Secretary Antony Blinken, Commerce Secretary Gina Raimondo, and U.S. Trade Representative Katherine Tai will host European Commission Executive Vice Presidents Margrethe Vestager and Valdis Dombrovskis, another person said.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed