Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-291-000"
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"en.20120704.25.3-291-000"2
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"This agreement is yet another example of the contradictory process of Russia’s accession to the World Trade Organisation (WTO). With this agreement, Russia is ensuring that the EU trade in motor-vehicle parts and components in Russian territory does not jeopardise the industry existing in certain regions of the country. To that end, it aims to ensure the retention of the current system for the motor-vehicle industry, continuing to restrict motor-vehicle and component manufacturers’ access to the Russian market beyond the needs of its domestic market. For its part, the EU is applying pressure by invoking Russia’s accession to the WTO and is demanding compensation mechanisms, so as not to jeopardise the profits of major exporters. For the immediate future, it remains positive that Russia is attempting to establish and defend this industry in regions where it has traditionally been established, by maintaining production and retaining jobs until at least 2018. At the end of this period, its national production will be exposed to foreign competition – in particular, EU production – whose installed production capacity may be at an advantage, thereby threatening the loss of jobs and the end of production in many regions."@en1
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