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WTO rules in favor of turkey in The case of steel import restrictions against European Union

by John Pierce
July 3, 2023
in Business
3 min read
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a panel of The World Trade Organization (WTO) has upheld Turkey’s complaints and these measures have been ruled by the European Union designed to reduce imports of steel ran with international trade rulesThe Turkish Ministry of Commerce said on Friday.

Preventive measures have been implemented in 2018 was scheduled to last Three years up to the end of June 2021 with Increase quota limits by 5% each year.

But Turkey complained that the increases were less than 5% each year. her measures also also extended Until 2024.

The Ministry of Commerce said in a statement panel The report, which has not been contested or appealed by the EU, will be adopted in the WTO dispute settlement body in Coming days.

In the joint report with All members of the World Trade Organization on April 29, it was decided that the European Union should make their own compatible with the agreement on Guarantees, read the statement.

After this decision, Turkey has proven itself right by staying within the mechanisms of WTO , of He is a founding member, at a time when protectionism and international wrong practices international rules growing, and contributed to the formation of The ministry said.

“The result of The case is important achievement for our country.”

The European Commission, which oversees the European Union trade policy last week admitted that panel It was in favor of turkey on three points She will carry out the sentence after him official Reuters reported that its adoption by the World Trade Organization.

The committee said that the verdict was generally satisfactory, as the most important issues were resolved in For its benefit and the World Trade Organization panel Confirmed the possibility of using safeguards to protect domestic industry.

The European Union said preventive measures are necessary to deter off a flood of Imports after the metal tariffs imposed by former US President Donald Trump has effectively shut down the United States market.

Under President Joe Biden, the United States suspended tariffs for Some exporting countries, including the 27 members of the European Union.

Turkey, a major exporter of steel to the European Union, has complained that the EU’s actions violate the bloc’s commitments to the World Trade Organization.

under the WTO rulesmembers are allowed to impose safeguards under specific circumstances, including that imports have risen to the point of detriment to domestic industry and that this should be the result of Unexpected developments.

The three-person World Trade Organization panel Turkey accepted view that had the European Commission failed to show That steel imports due to of Unexpected developments and that the EU industry is under threat with Grand injury.

Report will be final and binding on The European Union, and many steel exporting countries, notably Turkey, affected by this measure, will be able to start Compensation for their losses in European Union market with The full Execution of The decision, according to the Ministry of Commerce.

He stressed that the result of Case ‘contains important messages in terms of Prevent member states from not fully implementing WTO agreements, work for Purely protective and arbitrary purposes when taking measures, and using Flexible provisions of conventions for other purposes. “

In the next The ministry said it was necessary follow-up will be carried out Before the WTO and within framework of bilateral relations with European Union in The direction of The full Execution of The panel decision.

“that it also Importance in This meaning that decision It was made Before July, when the EU will do it review its measures. The European Union needs to do this compatible Its current measures after this decision. “

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