Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-237-375"

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"en.20120510.69.4-237-375"2
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"In favour. With the accession of Russia to the WTO in December 2011, the EU needs to align specific regulations it maintained bilaterally with the prevailing WTO law. One such regulation concerns quantitative limitations on imports of certain steel products, especially flat-rolled sheets, from Russia which have been in existence since 2007 (EC Regulation 1342/2007). Steel imports from Russia account for about 25% of all EU steel imports, half of which are semi-finished products input into the EU steel industry. In turn, half of this half has so far been subject to import quotas (around 1.5 million tonnes of steel). Quantitative restrictions were in place to protect the EU steel industry. The end of quantitative import restrictions will reshuffle the EU’s steel industry landscape somewhat, since Russian flat-rolled sheets are less expensive than sheets made in the EU. However, this will be compensated for by better access to steel scrap from Russia and lower tariffs for EU exports of finished steel products to Russia."@en1
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1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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