Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-296-437"

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"en.20120704.25.3-296-437"2
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"The Russian Government has for several years sought to attract foreign producers of motor vehicles and related components on its territory to compensate for the decline of its own car industry and to provide jobs for the workforce in this sector. The Russian Federation’s accession to the World Trade Organisation (WTO) made it possible to declare this investment contrary to the Agreement on Trade-Related Investment Measures, which forbids any investment measures in goods production with trade-restrictive and distorting effects. However, according to the terms of Russia’s accession to the WTO, its motor-vehicle investment programme will be exempt from the obligation to ensure that all laws, regulations and other measures related to trade and investment and applied in the Russian Federation are consistent with WTO provisions. As such, the EU has negotiated this bilateral agreement to have a compensation mechanism for EU car-component manufacturers if the risk of falling EU exports of such products to Russia materialises as a result of Russia applying its motor-vehicle investment programme until 2018. I voted for this agreement in Parliament for the aforementioned reasons."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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