Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-293-500"

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"− I voted in favour of this resolution on the conclusion of the agreement because the EU has negotiated this bilateral agreement to have a compensation mechanism for EU car components producers if the risk of falling EU exports of such products to Russia materialises as a result of the application of Russia’s automobile investment programme until 2018. The EU must adopt this agreement because it is tied to its WTO commitments. In order to ensure that the scheme benefits its producers immediately, the EU must do so before the Russian Federation joins the WTO. The assumption behind this agreement is that there is a risk of falling EU exports of automobile components to Russia. However, the European Commission argues that the EU car sector in general will gain substantially more business opportunities in Russia after WTO accession. The conclusion of such a safety mechanism indicates a paradox: stakeholders, including EU negotiators, do not have a clear picture of the future trends of the bilateral trade relations in cars and automobile components."@en1

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