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Monday, October 19, 2020

Maritime Logistics Professional

November 21, 2019

Swiss Chide EU Over Steel Import Curbs

© Henry / Adobe Stock

© Henry / Adobe Stock

Switzerland criticized on Thursday measures the European Union has adopted to curb steel imports amid a global trade spat, saying they harmed the Swiss steel industry.

The European Commission last month revised safeguard measures introduced in July 2018 and decided to reduce the annual increase in quota volumes, the government said in a summary of talks on the status of a bilateral free trade deal. "These changes threaten to further restrict bilateral steel trade between Switzerland and the EU and harm the Swiss steel industry, which is closely interlinked with the EU steel and automotive industries. Switzerland continues to lobby the EU for unrestricted trade in steel products," it said. 

(Reporting by Michael Shields; Editing by John Miller)

European CommissionEuropean Unionsteel imports