U.S. to Join EU Trade Case About Russia’s Auto Fees
Trade Representative Michael Froman says the U.S. will join a complaint the EU filed earlier this month with the World Trade Organization that challenges Russian fees on imported vehicles.
#economics
Trade Representative Michael Froman says the U.S. will join a complaint the EU filed earlier this month with the World Trade Organization that challenges Russian fees on imported vehicles.
European and U.S. officials complain that Russia is illegally protecting its domestic auto operations from foreign competition by levying a recycling fee only on imported vehicles. The money is meant to cover the future cost of scrapping or recycling.
Russia reduced its tariffs on auto imports when it joined the WTO in late August 2012. But it introduced the recycling fee nine days later.
Those fees range from €420 to €2,700 per passenger vehicle. The charges, which also are imposed on buses and commercial vehicles, reach as high as €147,700 for a mining truck.
EU officials say the policy is "severely hampering" the region's trade in a key sector. If its complaint isn't resolved within 60 days, the European Commission could request the formation of a WTO panel to rule on the legality of the fee.
Russia's parliament is considering legislation that would apply the recycling fee to autos produced domestically.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.