Published

EU Asks WTO to Rule on Russian Recycling Fee

The European Union has joined Japan in petitioning the World Trade Organization to decide the legality of Russia's "recycling" fee on imported cars.
#labor #economics

Share

The European Union has joined Japan in petitioning the World Trade Organization to decide the legality of Russia's "recycling" fee on imported cars.

Russia defends the tax on environmental grounds. But the EU argues that the fees €420 or more per vehicle amount to an illegal tariff on foreign-made vehicles because they are not also levied on domestically produced cars. Japan filed a similar complaint with the WTO in July.

Reuters estimates that shipments of European-made vehicles to Russia total about €10 billion annually.

The EU says it asked the WTO to step in after efforts to negotiate with Russia failed. Russia, which joined the trade organization a year ago, faces eventual trade sanctions if the WTO agrees with the EU's complaint.

RELATED CONTENT

  • Is Brexit U.K. Auto’s Waterloo?

    French manufacturers, particularly those in the automotive sector, are making significant investments in robotic technology, according to the International Federation of Robotics (IFR). The organization says that its most recent figures show that the number of robots installed in the French car industry rose 22 percent, to 1,400 units.

  • GM Offers Buyouts to 18,000 Salaried Workers

    General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.

  • Cheerio Car Shows (?)

    While there is all manner of consternation regarding Brexit in the U.K. and the E.U.—the issue of the Brits departing from the European Union—there is an exit of another sort that could conceivably be telling—a small clue, mind you, but a clue nonetheless—about the future of the automobile in the U.K.

Gardner Business Media - Strategic Business Solutions