Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-290-875"
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"en.20120704.25.3-290-875"2
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"The slow and gradual opening up of the Russian Federation’s economy over the last few years has fostered above-average economic growth, placing Russia in the group of emerging economies, alongside Brazil, India and China. This growth led Russia to apply for World Trade Organisation (WTO) membership. Russia’s WTO accession conditions, approved by the Council, were agreed in November 2011 and provide for a special system, favourable to the Russian Federation until 1 July 2018. There is a real risk to the European motor-vehicle industry, which accounts for 2.3 million jobs directly and 10.3 million indirectly. Although the Russian motor-vehicle market is expanding rapidly and could be an excellent business opportunity for the companies of the European sector, there is no guarantee of that. I voted for this recommendation on the draft Council decision on the conclusion of the bilateral EU-Russia agreement on trade in parts and components of motor vehicles, since it includes a mechanism for compensating EU producers of motor-vehicle components if their exports to Russia decrease significantly."@en1
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