UPDATE 1-EU to end duties on Chinese steel pipes - document

Fri Jul 10, 2009 12:38pm BST
 
Email | Print | | Single Page
[-] Text [+]

* EU plans to terminate duties on Chinese steel, iron pipes

* 27 national trade officials to vote on plan on July 28

* Chinese goods account for around 50 pct of EU market

(Adds details, background)

By Darren Ennis

L'AQUILA, Italy, July 10 (Reuters) - The European Union plans to terminate anti-dumping duties on imports of Chinese steel pipes and iron tubes, which account for around 50 percent of the EU market, a document seen by Reuters said.

The European Commission, which oversees trade policy for the 27-nation bloc, will make the proposal at a meeting of national trade officials on July 28, the Commission document showed.

The tariffs, which are "provisional" duties lasting six months, range from 15 to 25 percent.

The decision by the Commission will go some way towards easing increased tensions between the EU and China over Beijing's trade policies, which have led to a raft of measures by Brussels on the grounds of protecting European industry.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos