Turkey wins first appeal at WTO against US steel tariff - Trade Minister
 
 
Turkey - 2018 December 20
 
 

Turkey has won its first appeal at the World Trade Organization (WTO) against additional U.S. tariffs imposed on steel imports, Trade Minister Ruhsar Pekcan said on Dec. 19.

The U.S had imposed the countervailing tariffs in question on the ground that steel products from Turkey were subsidized, Pekcan added.

"We previously won a similar appeal against Morocco. We have a professional team, we will continue to do great jobs," the minister said, speaking at a ceremony in Istanbul.

The U.S. had already imposed 10 pct and 25 pct additional tariffs on aluminum and steel imports respectively from all countries on March 23.

However, in August, U.S. President Donald Trump decided to double tariffs on aluminum and steel imports from Turkey to 20 pct and 50 pct, respectively.

Trump tweeted at that time that he had authorized the doubling of tariffs, noting that "aluminum will now be 20 pct and steel 50 pct. Our relations with Turkey are not good at this time!"

In retaliation, Turkey increased tariffs on several U.S.-origin products, including alcohol, tobacco products and cars.

Turkey reciprocated by doubling additional duty on 22 U.S. products, tallying USD 533 mln.

In August, Turkey requested WTO dispute consultations with the United States concerning additional import duties imposed by the United States on steel and aluminum products.

Turkey claims that the measures are inconsistent with a number of provisions of the WTO's Agreement on Safeguards and the General Agreement on Tariffs and Trade (GATT) 1994.

Turkey's iron, steel, and aluminum exports to the U.S. were USD 1.1 bln in 2017, 0.7 pct of total exports, according to the ministry's statement.

Turkey's steel exports were valued at USD 11.5 bln last year, accounting for 7.3 pct of its total exports worth USD 157 bln, according to the Turkish Steel Exporters' Association.

The U.S. was the top destination for Turkish steel exports in 2017.

Source: Hurriyat Daily News

 
 
 

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