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UK Extends Steel Tariffs on China for Two More Years to Protect Domestic Industry_我的网站

一 |     Tariffs on steel imports from China and other countries are to be extended for another two years, British Trade Minister Anne-Marie Trevelyan said, noting that the government was acting in the "public interest" to protect "thousands" of jobs in the country.,"The government wishes to make it clear to parliament that the decision to extend the safeguards [tariffs] on the five product categories departs from our international legal obligations under the relevant WTO agreement... However, from time to time, issues may arise where the national interest requires action to be taken, which may be in tension with normal rules and procedures," she said.,The industry trade body UK Steel backed the tariffs, as well as the opposition: Nick Thomas-Symonds, the shadow international trade secretary, said the decision would be a "welcome relief," protecting the manufacturers from the cheap imports.,The decision was announced after earlier this month, reports emerged suggesting that Prime Minister Boris Johnson plans to introduce new "safeguard" import limits in order to protect British manufacturers from a "flood of cheap steel". According to the press, it is a part of PM's attempt to boost popularity of the conservatives in industrialized "red wall" areas of Britain; the Tories previously suffered a major blow during local elections in May, losing multiple seats to the Labour party.,He also said the tariffs would be in line with UK law but might be challenged within the WTO as violating the nation's obligations.。    (ECNS) -- The People's Government of Guangdong Province successfully issued 2.5 billion yuan ($350 million) of offshore RMB-denominated local government bonds in Macao, according to the Monetary Authority of Macao.    Bank of China Macau Branch acted as the sole global coordinator for the issuance, marking the sixth consecutive year since 2021 that the bank has served in this capacity for Guangdong's offshore bond issuances in Macao.    The bonds were offered in three tranches: 2-year Hengqin construction-themed bonds worth 500 million yuan with a 1.42% coupon; 3-year green bonds worth 1.5 billion yuan with a 1.46% coupon; and 5-year blue bonds worth 500 million yuan with a 1.57% coupon.    Investor demand was strong, with orders peaking at 23.2 billion yuan and an oversubscription rate of 9.28 times — a record for bond issuances in Macao. Buyers included investors from Portugal, Switzerland, Singapore, Malaysia, Thailand, Indonesia, Macao and Hong Kong.    Proceeds from the bonds will be used to support major infrastructure projects in the Guangdong-Macao In-depth Cooperation Zone in Hengqin, as well as green and blue development strategies in the Guangdong-Hong Kong-Macao Greater Bay Area.        (By Tang Yuxian)                    。

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