BRUSSELS: ‘ EU Ready to Appeal to WTO Over Russian Import Bans Due to Lose of Billions of Euro’s in Trade ‘

#AceWorldNews – BRUSSELS – August 07 – The EU is ready to appeal to the World Trade Organization to have the Russian agriculture import bans lifted, a European diplomatic source told ITAR-TASS.

“Politically motivated large-scale trade restrictions are a direct violation of WTO rules, which Russia pledged to comply with,” the diplomat said. “These measures will be thoroughly analysed, and then relevant claims will be submitted with the WTO.”

The source added that the European Commission would start analysing Russia’s ban on imports from EU states as soon as the official list of banned goods would be published.

The EU Council may convene an urgent meeting in connection with Russia’s response to European sanctions.

It is early to say whether the EU will take measures in response to the Russian ban on imports of food products from Europe, source told.

“First, it is necessary to see and analyse the official list of product that Moscow intends to ban. After that, decisions will be made both at the European and the national level,” the source stressed.

The Russian ban on agricultural imports from the European Union is an “irresponsible measure” that can lead to losses of billions of euro for European as well as Russian consumers, the source told ITAR-TASS.


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` Kazakhstan Hopes that this Year they will Finally become a Fully-Fledged WTO Member ‘

AceWorldNews – ASTANA – May 04 – After many years of negotiating and many hurdles this year Kazakhstan hopes to gain the status of a full-fledged member state of the World Trade Organisation (WTO) already this year, Kazakh President Nursultan Nazarbayev said, opening a meeting of the Asian Bank Board of Governors here on Sunday.

“Kazakhstan’s entry talks in the WTO are about to be finalised. We hope to gain the status of a full-fledged WTO member state already this year,” Nazarbayev noted.

As matters have been in a on off situation for many a year and thoughts of 2012 were still in mind, this may or may not still take place, even though the last negotiating stage has been passed.


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