EU announces new steel import quota volumes and implementation changes

The European Union has introduced the details of the new steel import regulations, including quota volumes, and made some changes regarding the implementation of the measures. The new regulation aimed at addressing the negative trade-related effects of global overcapacity on its steel market, replacing the existing safeguard measures set to expire in June 2026 and set to enter into force on July 1, 2026. The regulation sets the total annual tariff-rate... Read More

India-EFTA FTA to come into effect on October 1

The India-EFTA (European Free Trade Association) free trade agreement (FTA) will come into effect from October 1, 2025, India’s commerce minister, Piyush Goyal, said in a statement on Monday, July 21. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Minister Goyal said that the two sides had signed a Trade and Economic Partnership Agreement (TEPA) on March 10 last year. He said that all four... Read More