Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-235-000"

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"en.20120510.69.4-235-000"2
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"The European Union and the Russian Federation have in place, since 2007, an agreement on trade in certain steel products, concerning managing certain restrictions on imports of certain steel products originating in Russia. However, Russia becoming a member of the World Trade Organisation (WTO) in December 2011 means that the European Union has lost the right to apply the aforementioned quota. Keeping this regulation in place, thereby retaining the import quotas for steel products, would constitute a breach of WTO rules and would expose the EU to Russian legal action. The EU therefore has to repeal the agreement currently in force. The rapporteur states that Russia’s entry to the WTO will benefit the EU by providing more liberal access to the Russian market. Even though the report is essentially a technical adaptation, the philosophy and thinking underlying it are subject to WTO rules and the international trade vision that inspires it, with which we disagree."@en1

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