The EU is the UK’s most important overseas market for steel, representing 78% of exports. <\/p>\n
The European Commission is under pressure from some member states struggling to compete with cheap imports from countries such as China and Turkey.<\/p>\n
It proposes reducing tariff-free quotas for imports by 47% from 2024 levels.<\/p>\n
The new measures are due to come into force early next year, but first need approval by the majority of EU member states and the European Parliament.<\/p>\n
Mr Nair told Thursday’s session of the Welsh Parliament’s Economy, Trade, and Rural Affairs Committee: “The trade situation is becoming more and more difficult and things are moving pretty fast.<\/p>\n
“So one of the expectations is we need to bring pace into it.<\/p>\n
“But I’m reasonably confident, with the discussions that we’re having, that the government will also look to do things very similar to what the EU has done.”<\/p>\n
This meant, he said, “on the one hand” protecting the domestic steel market, but also working with the EU to secure some preferential treatment and concessions.<\/p>\n
This was to “make sure that we have the right trading interests between the two blocs, because EU also is a significant exporter into the UK”, he said. <\/p>\n
“So it’s in our interests to find the right place for EU and UK to do business, especially in steel.”<\/p>\n","protected":false},"excerpt":{"rendered":"The EU is the UK’s most important overseas market for steel, representing 78% of exports. The European Commission…\n","protected":false},"author":2,"featured_media":63661,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-63660","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/63660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=63660"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/63660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/63661"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=63660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=63660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=63660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}