UK wants to ease trade restrictions on some Russian imports
Topics: RUSSIA IMPORT UK
The restrictions could be removed in 2021 when the 11 month Brexit transition period ends.
The UK’s Department for International Trade said in a statement published Thursday that it is going to review all anti-dumping, anti-subsidy, and safeguard measures currently in place, including the import duties on products originating from Russia.
“Transition reviews will assess whether the current measure is appropriate for the UK market and whether it should be varied, changed or terminated,” it said.
Russian aluminum foil, ferrosilicon, seamless pipes and tubes as well as fittings made of iron or steel, urea, and ammonium nitrate, could be removed from the list from next year.
However, duties on other goods, such as Russian ammonium nitrate, cold-rolled flat steel products, grain orientated flat-rolled products made from electrical steel, iron hot-rolled flat products, and non-alloy or other alloy steel, are likely to be kept in place. The measures are also set to be maintained for welded tubes and pipes made of iron or non-alloy steel. ■