Arab Today, arab today eu blocks russian wto complaint over trade duties
Last Updated : GMT 19:26:47
Arab Today, arab today
Arab Today, arab today

EU blocks Russian WTO complaint over trade duties

Arab Today, arab today

Arab Today, arab today EU blocks Russian WTO complaint over trade duties

Novolipetsky metallurgical plant in Lipetsk
Geneva - AFP

The European Union has blocked a challenge by Moscow at the WTO to duties its slaps on Russian goods, trade sources said Wednesday.
With Moscow locking horns with Brussels and other Western capitals over a raft of issues at the World Trade Organization, the EU exercised its right to stop the global body from being called in to make a ruling.
Under the regulations of the WTO, however, all Moscow need do is file a second request for the creation of a dispute settlement panel.
Russia accuses the EU of violating global free trade measures by hitting its steel and fertiliser makers with "energy adjustment" tariffs, in force since 2002.
WTO members are allowed to impose extra duties when goods are being "dumped" on them or sold at below market prices to grab business.
But they must prove that their domestic producers are suffering as a result of dumping, and that they are not simply deploying duties to hobble foreign firms' trade.
Russia argues that the anti-dumping tariffs have been applied unfairly, making it impossible for Russian companies to export to EU markets, causing annual losses of hundreds of millions of dollars.
Russia joined the WTO in August 2012, after accession negotiations lasting for more than a decade.
The tariff complaint, filed in December last year, was the first it made after entering the Geneva-based body that oversees respect for the rules of international commerce.
Russia has also hit the EU with a WTO complaint over Brussels' energy market reforms, which it says hurt its gas giant Gazprom.
Brussels, in turn, has asked the WTO to rule on Russia's "recycling fee" imposed on cars, trucks, buses and other vehicles, and which applies only to imports not domestic-made models.
The two sides are also wrangling at the WTO over embargoes on a string of goods from ex-communist countries, several of which are now members of the 28-nation EU.
Since joining the WTO, Russia has imposed bans on dairy products, chocolates, wine and meat from countries including Lithuania, Poland, Moldova and Ukraine.
Moscow has cited quality concerns that allow countries to take such a step under WTO rules. Critics say Russia offers little scientific evidence and claim the bans are political, hitting countries that refuse to toe their Soviet-era master's line.
After a complaint is filed, member economies try to resolve their differences in direct talks, but generally turn back to the WTO.
The WTO's disputes settlement process can last for years, amid appeals, counter-appeals and compliance assessments.
Its panels of independent trade and legal experts can authorise retaliatory trade measures by the wronged party.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu blocks russian wto complaint over trade duties Arab Today, arab today eu blocks russian wto complaint over trade duties

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 06:20 2017 Tuesday ,28 February

Beijing to speed up approval of IPOs

GMT 05:15 2017 Tuesday ,28 February

Funds prepare $2bn oil market play as supply tightens

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday