Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-290-500"
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"en.20120704.25.3-290-500"2
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Hungary considers car manufacturing to be a high-priority strategic industry; this is one of the reasons why I support this report, as it illustrates the importance of the matter extremely well. Over the past few years several major automotive companies have moved their production to Hungary, creating several jobs. I for one recognise the generally positive effect of the Russian Federation’s joining the World Trade Organisation, because it further contributes to the legal securing of bilateral trade concessions. At the same time I find it regrettable that Russia’s accession package condones the existence of some trade-distorting measures, such as Russia’s automobile trade-related investment measures package, which are very largely prohibited under the WTO TRIMs Agreement. Indeed these trade-related investment measures prescribe the localisation of automobile manufacturers in Russia (resulting in discriminatory treatment of imported auto parts and components and restriction of imports) while linking this obligation to investment-related special privileges for the import of automobile components (reduction or abolition of import duties). Maintaining such mechanism is detrimental to both the EU and Russia. For the EU the stakes are extremely high, as its automobile industry represents 2.3 million jobs for car manufacturing and 10.3 million indirect jobs. Besides, easier access to this market would be very beneficial to EU producers, including Hungary, as Russia is a fast-growing market in the sales of automobiles."@en1
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