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STTAS EU Trade Weekly

Tuesday, November 11, 2014
Sandler, Travis & Rosenberg Trade Report

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Europe

EU files WTO case against Russian tariffs on paper products, refrigerators, palm oil

The European Union has lodged its fourth formal complaint against Russia at the World Trade Organization. Brussels’ ire is focused this time on import duties slapped on paper products, refrigerators and palm oil. (EU Observer)

Russia amends export control regulations

Russia’s export control regulations have been changed to clarify provisions on monitoring to ensure that exports of dual-use goods are used for the declared purposes. (Garant)

European Union growth outlook slashed

The EU has sharply cut its growth forecasts for the eurozone, warning that France and Italy remain huge problems for the sluggish European economy that is becoming a worry worldwide. (EU Business)

Russia sees imports from Turkey slide as intense trade efforts fail

Turkey’s exporters may have reported their best-ever October, but exports to Russia have dropped one-fifth year-on-year, despite heightened hopes of boosting trade after Russia downgraded ties with the West. The total value of goods sent to Russia by Turkish exporters slid to $493.9 million in October from $621.9 million a year earlier. (Daily News)

Asia

China FTA offers multiple opportunities for Iceland

Under a free trade agreement that came into force on July 1, China will eliminate tariffs on goods under 7,830 tariff numbers imported from Iceland, which accounted for 81.56 percent of China' s total imports from Iceland. (China Daily)

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