Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Concern About Possible Steel Import Restrictions

It was too early to know how proposed safeguard action by the United States against steel product imports would affect New Zealand, Trade Negotiations Minister Jim Sutton said today.

The United States Administration has asked its International Trade Commission (ITC) to initiate a Section 201 safeguard investigation into imports of a broad range of steel products.

Mr Sutton said the ITC had to investigate and make recommendations, and then the United States Administration would decide how to respond to those recommendations, bearing in mind of course, the United States's obligations under the World Trade Organisation.

"New Zealand's concern is that we export into the United States market a variety of steel products that come within the ambit of the ITC investigation."

Mr Sutton said officials would talk to steel exporters to establish the major areas of concern and how the ITC's hearings should be handled.

Steel exporters can contact the Foreign Affairs and Trade Ministry's Americas division (through 04 4948500) if they have interests in the United States market.

Mr Sutton noted that the ITC had 120 days from 22 June to announce its injury findings.

During that time the ITC will hold a public hearing and receive briefs from interested parties. If the ITC found injury, it would then have 60 days to make recommendations to the President about a remedy. The President would subsequently take a decision.

Background

The United States is New Zealand's second largest market for both steel and steel products. New Zealand's total exports of steel and steel products were worth NZ$294 million and NZ$209 million respectively in the year ending April 2001. Exports of steel to the US were valued at NZ$58.1 million in the year to April (down from NZ$67.5 million in the previous year), and our exports of steel products to the US were worth NZ$18.1 million (down from NZ$20.7 million).

New Zealand's steel exports to the United States are mainly flat-rolled, non-alloy steel. Our major exports of steel products include table, kitchen and household articles, tube and pipe fittings, stoves and ranges, sanitary ware and other cast articles.

Under Section 201 of the 1974 Trade Act, the ITC is charged with investigating whether or not increased imports of steel are a substantial cause (or threat) of serious injury to the United States steel industry.

The Administration has requested that the ITC look at a very broad range of steel items including certain carbon and alloy flat, long, pipe and tube steel products, and stainless and alloy tool steel products.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news