After today’s announcement that the European Commission will impose safeguard measures on certain steel products, European Aluminium calls on the Commission to monitor import surges vigilantly and defend its industry against an influx of aluminium imports if proven necessary.
“The Commission has received overwhelming support for this vital safeguard measure from both member states and business”, said Axel Eggert, Director General of the European Steel Association (EUROFER). “The measure will go someway to ensuring the continued stability of the internal market for steel and ensure that EU steel producers do not suffer extreme surges of imports of steel deflected away from the now constricted US market”.
Today the European Commission is announcing provisional safeguard measures concerning imports of a number of steel products. These measures will address the diversion of steel from other countries to the EU market as a result of the recently imposed US tariffs. The safeguard measures will come into effect on Thursday 19 July. Traditional imports of steel products will not be affected.
Following the second EU-CELAC ministerial meeting, participants adopted a declaration.
At the 25th EU-Japan summit held in Tokyo, leaders reaffirmed their resolve to work together for the rules-based international order and to promote a free and fair global economy. The summit has been an opportunity to sign the EU-Japan Economic Partnership Agreement (EPA) and the EU-Japan Strategic Partnership Agreement (SPA).
The trade agreement is the biggest ever negotiated by the EU and will create an open trade zone covering over 600 million people.
“I am proud that today we are taking our strategic partnership to a new level with two landmark agreements between the European Union and Japan – the Strategic Partnership Agreement and the Economic Partnership Agreement.”