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Comment: Steel safeguard 'economic interest' test gives UK trade authority its own identity

By Poppy Carnell ( May 24, 2021, 14:39 GMT | Comment) -- The UK’s review of its steel safeguard measures are an early showcase of how its trade investigators, post-Brexit, are doing things differently to the EU. A lack of "economic interest" was cited among reasons to lift some products out of the measures — a move very rarely made by EU trade officials. If this is a sign of how the UK's trade authority intends to operate, downstream users of imported products may be happier than under Brussels' rule.In revoking the UK's steel safeguard measure on a raft of products last week, officials cited a lack of economic interest among their reasoning — a breath of fresh air for trade-defense probes in Europe as a move so rarely made by their counterparts in the EU....

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