Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-292-000"
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"en.20120704.25.3-292-000"2
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".
The Russian Government has, for several years, sought to attract foreign producers of motor cars and related components to its territory to compensate for the decline of its own car industry and to provide jobs for the workforce in this sector. According to the terms of Russia’s accession to the WTO, agreed in November 2011 and approved by the European Council, its automobile investment programme will be exempt from the obligation of ensuring that all laws, regulations and other measures related to trade and investment applicable in the Russian Federation are consistent with the provisions of the WTO Agreement, including the Agreement on Trade-Related Investment Measures, until 1 July 2018. The EU must adopt this agreement because it relates to its WTO commitments. Russia’s entry into the WTO will, among other things, entail implementing other commitments brought by membership, such as reforms in related regulatory areas and customs tariff reductions, which would bring considerable benefits to the EU producers. Finally, external worldwide factors such as global demand for automobiles and world growth, as well as domestic aspects in Russia such as the evolution of infrastructures and the business climate, may all have an impact on the growth of trade in automobiles and vehicle components between EU and Russia that is positive or negative and difficult to estimate."@en1
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