Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-237-437"
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"en.20120510.69.4-237-437"2
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"Since Russia became a member of the World Trade Organisation (WTO) on 16 December 2011, the EU no longer has the right to apply steel import quotas according to Council Regulation (EC) No 1342/2007, and therefore preserving these quotas would constitute a violation of the WTO rules and expose the European Union to legal action from the Russian side. I voted for the text, as it is very likely that with the repeal of the European regulation, the European Union can expect to benefit from a more liberal market access to the Russian iron and steel sector. There will still be minor restrictions to bilateral trade, but these should not, in my view, constitute barriers within the remit of the WTO rules. It is estimated that additional EU iron and steel exports could be worth EUR 107 million per year, which would benefit our companies working in the sector."@en1
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