EU Creates 2 TRQs for Steel Goods Released in Northern Ireland From UK

The European Commission on June 30 created two new tariff-rate quotas for steel goods released for free circulation in Northern Ireland from other parts of the U.K. The new TRQs, under the bloc's steel safeguard regulation and effective July 1, will allow Northern Ireland companies to use the EU's steel TRQs to access British-origin steel in the two categories without paying the 25% tariff, the commission said.