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STTAS EU Trade Weekly: TTIP, Russian Duties, Rail Cargo

Tuesday, March 03, 2015
Sandler, Travis & Rosenberg Trade Report

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European Union

TTIP text on services and investment leaked

The document describes itself as the EU’s initial offer to the U.S. concerning trade in services and investment. It lists reservations from the agreement proposed for the EU as a whole as well as individual member states.

[BBC]

EU requests WTO dispute settlement panel on Russian import duties

The EU alleges that Russia is violating its WTO obligations in two ways: applying a higher duty rate than agreed (e.g., 15 percent instead of 5 percent for paper products), or (in the case of refrigerators and palm oil) fixing a minimum amount that needs to be paid even if not justified by the agreed duty expressed in a percentage of the product value.

[DG TRADE]

Expiry review of AD measures on ring binder mechanisms from China, Vietnam and Laos

The applicant argues that allowing these measures to expire would be likely to result in a continuation of dumping and injury to EU industry.

[Official Journal of the EU]

Russia suspends imports of Polish cheese products

The ban, which took effect Feb. 20, was imposed for what Russian officials said was a failure to meet technical regulations.

[Moscow Times]

World’s longest cargo railway line could speed China-Europe trade

Traders at both ends of the new line point out that it provides faster service than ocean carriers and is substantially cheaper than air cargo.

[The Independent]

Rotterdam remained largest EU port in 2013

At 548 million tonnes, the volume of seaborne goods handled in Dutch ports in 2013 represented 14.8 percent of the EU total. The Netherlands was followed by the United Kingdom and Italy, with shares of 13.5 percent and 12.3 percent, respectively.

[World Maritime News]

Russia extends TIR guarantee agreement until 30 June

Moscow will continue to participate in this system, which allows goods to transit from a country of origin to a country of destination in sealed load compartments with customs control recognition along the supply chain.

[IRU]

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