Home Business EU takes Russia to WTO over state entity procurement By Reuters

EU takes Russia to WTO over state entity procurement By Reuters

© Reuters. FILE PHOTO: European Union flags flutter outdoors the European Fee headquarters in Brussels, Belgium, March 24, 2021. REUTERS/Yves Herman/File Picture/File Picture

BRUSSELS (Reuters) – The European Union has launched a authorized problem on the World Commerce Group towards Russian measures it says limit or forestall EU firms from promoting items to Russian state-owned enterprises.

“These practices appear to be opposite to WTO guidelines, which require that Russia might not discriminate towards international firms on this space,” the European Fee, the EU’s govt physique, stated in a press release on Monday.

Step one in a WTO dispute is a interval of consultations, usually of 60 days, earlier than an adjudicating panel might be chosen.

The Fee, which oversees commerce for the 27-member EU, stated Russia had progressively expanded its coverage of restrictions to exchange international items and providers in procurement contracts since 2015.

The Fee stated the problem centred on three particular Russian measures it says are incompatible with WTO regulation requiring members to deal with international and home producers in a non-discriminatory approach.

It stated sure state-related entities deduct 15% from the value provided by Russian firms when assessing bids, though don’t truly profit from any such deduction.

In addiiton, Russian corporations wanting to obtain sure engineering merchandise overseas want authorisation, the Fee stated. It additionally complained about nationwide quota necessities of as much as 90% within the procurement of about 250 merchandise, together with automobiles and textiles.

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