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EU seeks input on steel import controls | Vietnam Today
EU seeks input on steel import controls | Vietnam Today
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Phụ đề (52)
0:00
The European Commission is consulting
0:02
stakeholders with our weather for
0:04
additional product groups should be
0:06
brought within the scope of the EU steel
0:08
import control regime. The consultation
0:12
remains open until the end of September
0:14
and could be relevant to some Vietnamese
0:16
companies exporting products currently
0:19
under review. Our Euro correspondent
0:21
reports.
0:27
>> The European Commission's consultation
0:29
is examining whether four additional
0:31
product groups should be brought within
0:33
the scope of the EU's new steel
0:35
regulation. The products under review
0:37
include certain cast iron pipes,
0:39
non-alloy and alloy steel wire,
0:42
stainless steel wire, and forged steel
0:44
bars. The Commission is inviting steel
0:47
producers, downstream users, importers,
0:50
industry associations, public
0:52
authorities, and partners outside the EU
0:54
to submit information on production,
0:57
consumption, imports, and market demand.
0:59
The responses will help determine
1:01
whether these products should be
1:02
included in the EU steel import quota
1:05
system. Under the current rules, up to
1:07
18.3 million tons of steel may enter the
1:10
EU each year without additional duties.
1:13
Imports above that quota are subject to
1:16
a 50% tariff. For Vietnam, the potential
1:18
impact will depend on the specific
1:20
customs codes involved and whether
1:23
Vietnamese companies currently export
1:24
the products under consideration. At
1:27
this stage, the European Union is only
1:29
gathering feedback and has not yet
1:31
decided to expand the scope of the
1:33
measures.
1:36
>> The European Commission is expected to
1:38
complete its assessment by 31st December
1:41
this year at the latest. For now, the
1:44
potential impact on Vietnamese export
1:46
remain limited and should be closely
1:48
monitored.
1:50
A clearer picture will emerge only after
1:53
the EU publishes its finding and
1:55
identifies the specific product codes,
1:58
if any, to be added to the regulation.
2:02
The Zoom reporting from Europe for
2:04
Vietnam today.
