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Turkey ends Brazil steel probe without imposing safeguards

Steel News - Published on Mon, 27 May 2019

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BNAmerica’s reported that the Turkish government closed a probe into imports of Brazilian steel products without imposing definitive safeguard measures. Both ministries said in a joint statement "The Brazilian government, through coordinated action between the foreign affairs and finance ministries, followed all the investigation stages conducted by Turkey, always seeking to demonstrate that there is no justification for the application of safeguard measures in the light of the World Trade Organization agreements. This is an important result for the economic-trade relationship between Brazil and Turkey, since the decision involves a sector of great importance for both countries.”

Brazilian exports of steel products to Turkey averaged 400,000 tones per year in 2016-17, the statement said.

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Posted By : Ratan Singh on Mon, 27 May 2019
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