Thursday, May 29, 2008

EU lifts Ukrainian metal import quotas

Quotas on the import of Ukrainian metal products to the European Union member-countries are lifted from May 28.

Under expert estimates, abolition of restrictions will enable Ukrainian metallurgical companies to minimum double in the nearest future their supplies to the European Union. Yet, a sharp increase in imports is threatening with antidumping or special investigations, experts are warning.

The EU published Tuesday a decision on abolition of quotas on the import to EU countries of some kinds of steel products from Ukraine, due to its recent accession to the World Trade Organization.