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Conclusion of safeguard measures on rebar and wire Rod imports in Morocco

The government has officially decided to terminate safeguard measures imposed on the imports of rebar and wire rods, signaling a pivotal moment in the country's trade policy, effective October 16, 2023.

 Conclusion of safeguard measures on rebar and wire Rod imports in Morocco

The government has officially decided to terminate safeguard measures imposed on the imports of rebar and wire rods, signaling a pivotal moment in the country's trade policy, effective October 16, 2023. The conclusion of these measures brings to a close a period of regulatory oversight that aimed to protect domestic industries.

Initiated to address challenges faced by the local industry, the safeguard measures included the imposition of specific tariffs on rebar and wire rod imports that exceeded stipulated quotas. The government's decision to end these measures reflects a thorough assessment of the industry's current state and global market dynamics.

Chronology of Safeguard Measures:

  1. Provisional Measure (May 30, 2013): The safeguard initiative commenced with provisional measures on the imports of rebar and wire rod.
  2. Definitive Measure (March 21, 2015): A two-year definitive measure was implemented to address the challenges faced by the domestic industry.
  3. First Extension (December 31, 2018): The measure underwent its first extension, granting relief until the end of December 2018.
  4. Second Extension (December 31, 2021): Following the first extension, the safeguard measure was re-extended until December 31, 2021.
  5. Final Extension (October 15, 2023): A World Trade Organization (WTO) notification on December 22, 2021, confirmed an additional extension for one year, nine months, and fifteen days until October 15, 2023.

Product Categories Affected: The safeguard measures impacted wire rods ranging from 5.5mm to 14mm, falling under HS codes 7213.91.90.00, and rebar ranging from 5.5mm to 40mm, classified under HS codes 7214.20.90.00 and 7214.99.91.00.

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