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UK launches review of tariff rate quotas for some steel imports

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Economy12 minutes ago (Feb 04, 2022 14:25)

© Reuters.

LONDON (Reuters) – British trade officials said they had begun a review of the country’s tariff rate quotas (TRQs) on some categories of imported steel products after a revision of trade statistics.

The Trade Remedies Authority, created after Brexit, made recommendations last June about which steel products should be covered by the measures – inherited from the European Union – and which should not and providing new TRQs.

Some of the applications were made due to incorrect customs figures, the TRA said.

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