Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-289-500"

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"en.20120704.25.3-289-500"2
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". I voted for this resolution because the EU-Russia agreement on trade in parts and components of motor vehicles is tied to its WTO commitments. In addition, it offers a compensation mechanism for car component manufacturers in the European Union if the export of these products to Russia is likely to fall due to the implementation of the Russian investment programme in this area until 2018. If this risk becomes a reality, it is important to be able to preserve the preferential terms for European exporters, especially as, at the moment, it is difficult to assess how the trade in cars and car components is going to develop between the EU and Russia in the coming years. Apart from the measures implemented as part of the investment programme, additional factors may cause the volume of trade in this sector to rise or fall, including both the global growth in demand for cars and the development of the infrastructure in Russia. This is why I endorse the approval of this compensation mechanism, which will support car and car component manufacturers in the EU in the event of significant falls in exports in this area."@en1

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