Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-533-000"

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"en.20121025.35.4-533-000"2
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". Madam President, Commissioner, the accession of the Russian Federation to the World Trade Organisation (WTO) means that from now on our bilateral trade will be bound by international multilateral rules and obligations. Therefore, we should perceive this change as a good momentum to intensify dialogue on several issues that we have so far failed to resolve satisfactorily in bilateral negotiations. For example, we may expect that, when complying with WTO trade rules, Russia may proceed to restrict export duties and reduce import duties, and will also provide better access to service providers from abroad to the Russian market and simplify procedures in bilateral economic cooperation. The greater openness of Russia’s vast market space for our producers in the engineering, automotive, consumer, textile, pharmaceutical and food industries can only help to reinvigorate our still sluggish economy. Therefore, we should not hesitate too long with our initiatives because the Americans, the Chinese and the Japanese are certainly interested in using the new more favourable conditions for mutually beneficial business cooperation with Russia and they will seek to find more stable moorings for their companies in the large Russian market. There is an opportunity here to improve business collaboration and it is up to us how effectively we are able to make use of this today for the development of the European economy."@en1
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