Steel exporters to be subject to US duties

Following EU accession, Polish steel suppliers will be encumbered with customs duties imposed by the US and America even plans to accelerate the introduction of market security mechanisms against Polish steel. In the spring of 2002, the US introduced customs duties and quotas in order to protect its market against excessive steel imports. EU members, along with Japan and Brazil, protested against this decision at the World Trade Organization (WTO). A steel war broke out, as a result of which many countries closed their markets to steel products as well as to products from other sectors. However, the US saw Poland as a developing country and thus kept its market open. The situation might soon change, however, and whether it likes it or not, Poland could be forced to join the steel war. (Puls Biznesu, p. 7) A.C.