Subscribe free to our newsletters via your
. Energy News .




TRADE WARS
China revives WTO nuts and bolts dispute with EU
by Staff Writers
Geneva (AFP) Oct 30, 2013


Russia says wants EU visa deal
Athens (AFP) Oct 30, 2013 - Russia looks forward to restarting cooperation and visa talks with the EU under Greece's upcoming presidency of the bloc, Russian Foreign Minister Sergei Lavrov said here on Wednesday.

Greece has signalled it intends to promote EU relations with Moscow when it assumes the bloc's rotating presidency in January, and to further facilitate visa procedures for Russian travellers which are becoming increasingly important to its tourism industry.

"We particularly appreciate the determination by our Greek friends to promote Russia-EU relations in the coming period," Lavrov said.

"Primarily the problem is about the issuing of entry visas," he added. "And the renewal of negotiations, which stopped through no responsibility of our own, for a new deal on Russia-EU cooperation ... to modernise relations between EU and Russia."

Efforts to improve EU-Russian relations have so far run afoul of disputes over Moscow's record on human rights and energy policy.

The European Union has indicated it is preparing to charge Russian energy giant Gazprom in an anti-trust probe on concerns that it was hindering competition in central and eastern Europe.

Moscow has also sparked an international outcry over its heavy-handed response after two Greenpeace activists in September scaled a state-owned oil platform to protest against Russian energy exploration in the Arctic.

China on Wednesday revived a WTO dispute with the EU over import duties on nuts and bolts, claiming Brussels failed to respect a 2011 ruling, the global body said.

The World Trade Organization said that Beijing had made a formal request for consultations with the European Union on the latter's compliance with an order it to fall into line.

Under the rules of the 159-nation WTO, requesting consultations is the first step towards seeking the creation of an independent panel of trade experts to rule on a complaint.

The issue at stake is the EU's anti-dumping duties on iron and steel fasteners -- a category of products epitomised by nuts and bolts.

Such duties can be imposed when WTO members believe that their domestic industries are being harmed by dumping, which is the sale of cut-price products in order to grab market share.

Arguing that dumping was taking place, the EU had in January 2009 levied tariffs ranging from 26.5 percent to 85 percent on Chinese fasteners.

In 2010, however, a WTO panel created at China's behest ruled that Brussels acted inconsistently in its anti-dumping calculations. That decision was upheld on appeal in 2011.

In the wake of such WTO rulings, member states found at fault are allowed time to bring their rules into line, in agreement with the plaintiff.

In January 2012, China and the EU agreed that Brussels would put its house in order by October that year -- when the EU announced it had respected the ruling, a stance that China rejects.

Brussels has 15 days to respond to Beijing's request for consultations, after which China can request the establishment of a panel to assess the EU's compliance.

China is the world's biggest producer of screws, nuts, bolts and washers, while the European Union is its biggest market.

EU-China trade has exploded in recent years, making the EU the top destination for Chinese exports while China is Europe's biggest trade partner after the United States.

Beijing and Brussels have locked horns over a string of trade issues at the WTO, which seeks to set a level playing field for commerce between its members.

In the event that the WTO's disputes settlement body finds in favour of a plaintiff, it can authorise retaliatory trade measures against a country until its falls into line.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
World Bank: Singapore, Hong Kong best for business
Washington (AFP) Oct 29, 2013
Singapore and Hong Kong rank the world's best places to run a business, while mainland China remains far down the list, according to the World Bank's annual competitiveness survey Tuesday. The Southeast Asian entrepots and finance centers topped the survey for the eighth straight year, with New Zealand, the United States and Denmark rounding out the top five, as a year ago. The lower ran ... read more


TRADE WARS
GDF SUEZ Energy North America Makes Investment In Oneroof Energy

UC Researcher Proposes Classification System for Green Roofs

Weatherizing Homes to Uniform Standard Can Achieve $33 Billion in Annual Energy Savings

Business, labor urge German politicos to unite on energy transition

TRADE WARS
Singapore to seek more LNG suppliers

Lebanon's energy minister boasts gas reserves skyrocket, but ...

Scientists wary of shale oil and gas as U.S. energy salvation

What do we know about fracking

TRADE WARS
Shifting winds in turbine arrays

Spain launches first offshore wind turbine

Key German lawmaker: End renewable energy subsidies by 2020

Installation of the first AREVA turbines at Trianel Windpark Borkum and Global Tech 1

TRADE WARS
Breakthrough for solar cell efficiency

Trina Solar Anesco partnership goes from strength to strength - aiming for 150MW

Hanwha Q CELLS USA to offer one stop shop for commercial solar customers

Scientists' new approach improves efficiency of solar cells

TRADE WARS
Radioactive waste: Where to put it?

Areva-Siemens raises damage claim in Finnish nuclear dispute

French energy giant signs uranium deal with Mongolia

Russia firms to build Jordan's first nuclear plant

TRADE WARS
Plant used as biodiesel source found to hide poisonous problem

Maverick Biofuels Awarded Three US Patents for the Production of Mixed-alcohols from Methanol

The proteins in major biodiesel plant have been mapped - and it does not look good

The potential of straw for the energy mix has been underestimated

TRADE WARS
China launches experimental satellite Shijian-16

China Moon Rover A New Opportunity To Explore Our Nearest Neighbor

Is China Challenging Space Security

NASA's China policy faces mounting pressure

TRADE WARS
Countries at climate risk to hold more GDP: report

Climate change and coevolution: We've done the math

Loss and damage from climate change

Reading ancient climate from plankton shells




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement