Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-296-250"

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"My vote on Mr Zalewski’s text was a ‘yes … but’. This was because EU firms should have more favourable arrangements under this agreement. It is one of three trade agreements that do not prejudice the EU’s new commitments and which should even improve conditions for producers who rely on raw materials coming from Russia. The agreement on automotive components protects European auto parts manufacturers affected by the Russian measures still in force, even after Russia’s accession to the World Trade Organisation (WTO). These measures provide foreign car manufacturers with incentives to relocate to Russia and could put Russian imports of foreign auto parts at a disadvantage. According to the agreement, if EU exports of automobile parts fall below the threshold of 3% per year, Russia will reduce its import duties on these components by a proportional amount. However, it is important that Russia keeps its commitments and ensures that workers’ rights are respected. The Union’s credibility is at stake."@en1

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