Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-273-974"
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"en.20121026.23.5-273-974"2
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".
I supported the European Parliament resolution, which expresses concern that having joined the WTO, Russia is not in a hurry to enforce its commitments. Russia and the EU need each other as trade partners and, therefore, when Russia joined the WTO following 18 years of negotiations, the EU welcomed Russia’s achievement as a new incentive for growth and expansion of the country’s economy. Unfortunately, in reality, there are examples where expectations have not been met. Used car exporters, for instance, reasonably expected a higher volume of trade at lower prices, but when Russia introduced the ‘utilisation fee’ on 1 September, car exports became even more difficult than prior to WTO membership. Energy resources constitute Russia’s main exports to the EU, whereas the EU exports a wide range of products to Russia. The European Commission identified 300 products that are subject to import duties that do not comply with WTO commitments. Experience with the Energy Charter Treaty, for example, shows that Russia can be selective in complying with its commitments. In that case, Russia lost a major court case involving Yukos in an international arbitration tribunal because of its failure to respect its commitments. I believe that the European Parliament’s signal to Russia is necessary and timely."@en1
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