World Economy
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No Systemic Violations

No Systemic ViolationsNo Systemic Violations

The World Trade Organization panel upheld European Union’s claims against Russia pertaining to duties on import of paper, fridges and palm oil but denied its allegations that Moscow’s violations are systemic, Tass quoted WTO press service as saying. The European Union “failed to establish its claims” and did not “demonstrate the existence of the “Systematic Duty Variation,” the WTO panel said. Regarding the EU claims satisfied today, “Russia never denied that import duties on certain goods differed from the ones specified in its tariff commitments because of technical reasons,” Russia’s permanent representative at the WTO Gennady Ovechko said.

 

Financialtribune.com