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China, Norway, the European Union and other countries have requested the WTO to set up a US steel and aluminum tariff group.

iconOct 19, 2018 14:31
Source:SMM

China, Norway, the European Union and other countries have requested the WTO to set up a US steel and aluminum tariff group.

Negotiations with the US under the WTO dispute settlement mechanism failed to address China's concerns, prompting China to request the WTO to set up a panel of experts.

Norway, the European Union and several other countries on Thursday also asked the World Trade Organization (WTO) to set up a dispute resolution panel on steel and aluminum tariffs to resolve the issue of tariffs imposed by the United States on steel and aluminum.

Norwegian Foreign Minister Ine Eriksen Soereide said in a statement, "We believe that the United States levies steel and aluminum tariffs on imports in violation of the WTO rules." Therefore, together with the European Union and several other countries, we have requested the WTO to set up a dispute resolution panel on additional tariffs in the United States.

Norway indicated that preliminary consultations with the United States had not reached a satisfactory solution and that the Nordic countries, together with other countries, had requested the establishment of a WTO panel to obtain an independent assessment of the matter.

"while our exports of steel and aluminum to the United States are modest, this is fundamentally important, and Norway's open economy also depends on the functioning of the rules-based multilateral trading system," Soereide stressed.

The EU is by far the largest market for Norwegian steel and aluminium.

At the same time, Brussels, the European Union, Norway and Switzerland are all seeking to work with Asian countries to support the continuation of free trade.

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Tariffs
WTO
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aluminum
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