Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-237-312"
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"en.20120510.69.4-237-312"2
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"The Agreement on trade in certain steel products was concluded in 2007, within the framework of the EC-Russian Federation partnership and cooperation agreement concluded in 1997. This agreement was implemented in the EU in the form of a regulation which, in addition to setting a quantitative limit on steel imports, also laid down the condition that the agreement would be repealed if the Russian Federation acceded to the WTO before it expired. Owing to Russia’s accession to the rules-based multilateral trade system of the WTO, retaining the regulation as European legislation and, thereby, retaining the import quotas for steel products, would constitute a breach of WTO rules and would expose the EU to possible Russian legal action. However, the EU can expect to benefit from a more liberal access to the Russian market, which would stimulate competition and result in lower consumer prices. I voted in favour for these reasons."@en1
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