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BIR: UAE temporarily suspends scrap exports for period of four months from May 15, 2020

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BIR: UAE temporarily suspends scrap exports for period of four months from May 15, 2020

May 14, 2020 - 10:42
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BRUSSELS, May 14, 2020 (Press Release) -According to recent press reports, the UAE has suspended exports of ferrous scrap and paper as from tomorrow, 15 May 2020, for a period of 4 months.

This temporary measure is aimed at strengthening the UAE domestic demand in current times of economic uncertainty.

The ferrous grades in question seem to be all major scrap grades, with the HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450. As for paper, the grades in question are 470710, 470720, 470730 and 470790.