Commenting on today’s written statement by the Secretary of State Kemi Badenoch, UK Steel Director General, Gareth Stace, said:
“The reform package announced today is hugely significant for UK industry, making the UK’s trade remedies regime more balanced, flexible and truly allowing for decisions to be made in the best economic and public interest of the UK. It will ensure that the UK has the right toolkit as an independent trading nation to ensure its industry can compete on a level playing field.“
"Free trade cannot exist and be truly championed without robust trade remedies, in a global trading landscape riddled with distortions and subsidies. No matter how competitive our industry is, it cannot thrive when being undercut by cheap imports that benefit from government subsidies, preferential access to finance and lower environmental standards.“
"While there are parts of a trade remedies investigation that are a purely technical exercise and should be rightfully undertaken by an independent body, such a body does not have the mandate to judge whether producers, consumers or importers of a product are more economically significant. Furthermore, trade remedies measures are not only economic tools, but can have significant economic and political ramifications.“
"Today’s announcement is testament that this Government listens to industry and is willing to learn from experience and adapt post-Brexit arrangements when they prove not to work.”
About UK Steel: UK Steel is the trade association for the UK steel industry. It represents all the country’s steelmakers and most of downstream steel processors.
The UK Steel sector: