Gulf In Focus- GULF STATES - ECONOMICS and FINANCE - GCC launches investigation to protect steel industry.


The GCC has started a safeguard investigation on certain steel products to protect the region's domestic steel industry, the World Trade Organisation (WTO) has said. Oman, which is the president of the Cooperation Council for the GCC, submitted the application to the WTO on behalf of the member states. A safeguard investigation seeks to determine whether increased imports of a product are causing, or threatening to cause, serious injury to a domestic industry. During a safeguard investigation, importers, exporters, and other interested parties may present evidence and views and respond to the presentations of other parties.

The investigation covers the period from January 2014 to June 2019 and will focus on hot...

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