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International trade and customs update: WTO steel safeguards, EU-Chile Interim Trade Agreement, EU e-commerce toolbox, UK-EU relations speech, HMRC guidance updates, new sanctions precedents - 6 February 2025

Published on: 06 February 2025

Published by a LexisNexis International Trade expert
Legal News
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Article summary

In this issue:

  • WTO
  • Trade in goods
  • Free trade agreements
  • Customs
  • LexTalk®International Trade: a Lexis®Nexis community
  • Daily and weekly news alerts
  • New and updated content

WTO

South Africa initiates safeguard investigation on steel products

The World Trade Organisation (WTO) has reported that, on 3 February 2025, South Africa formally informed its Committee on Safeguards of the launch of a safeguard probe. Commencing on 17 January 2025, the inquiry covers specified flat-rolled products of iron or non-alloy steel, as well as other alloy steel products. A 20-day window has been set for interested stakeholders to identify themselves and provide pertinent submissions and evidence. The purpose is to assess whether surging imports are causing, or risk causing, serious harm to domestic producers within the domestic industry, which could result in provisional import curbs being applied. See: LNB News 05/02/2025 18.

Trade in goods

Commission implements EU-Chile Interim Trade Agreement

The European Commission has confirmed that the EU-Chile Interim Trade Agreement (ITA) has entered into force following Chile’s ratification. Signed in December 2023, the ITA removes duties across the board on 99.9% of EU exports to Chile and features trailblazing chapters as part of the framework covering energy and raw materials, trade and gender, together with sustainable food...

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