Imports to the EU: Regulation 2018/724

May 31, 2018 -  Effective June 20, 2018, additional duties (with a maximum of 25%) will have to be calculated for the import of certain products mentioned in this official announcement from the Journal of the European Union, as it relates to EU regulation 2018/724.

In a second phase, additional duties (with a maximum of 10, 25, 35 and 50%) on the import of products mentioned on page 2 will be calculated, effective March 23, 2021. 

Aside from products of the steel market, other sectors (including textiles) will be impacted.

BDP International is closely working with stakeholders to ensure we are supporting our customers with this new regulation, and will continue to keep you apprised of updates as we receive them. In the mean time, if you have any questions or concerns related to the regulation, please reach out to your local BDP representative.

Sources: The Journal of the European Union