EU Imposes Tariff Rate Quotas on Ferroalloys
The European Commission on Nov. 17 imposed definitive safeguard measures on ferroalloys, including country-specific tariff rate quotas that limit the volume of those imports entering the EU duty-free. Certain manganese, silicon, nickel and a range of metal alloys entering at…
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quantities above the quota volumes can enter duty-free "if their price exceeds the established threshold," but other alloys priced below the "established threshold" will pay a duty "equivalent to the difference between the net free-at-Union-frontier price and the established price threshold for each product type," the commission said. The measures will apply "indiscriminately to all third countries," including Norway and Iceland, which are part of the European Economic Area, though the commission will carry out "trimonthly consultations with Norway and Iceland" to review the impact of the measure.