EU seeks WTO action in Russia trade dispute


Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BRUSSELS (AP) - The European Union has asked the World Trade Organization to settle a dispute with Russia over a car import fee it considers discriminatory.

The European Commission, the 28-nation bloc's executive arm, says Russia's levy has a "severe impact" on a key European industry. The industry exports about 10 billion euros ($13 billion) a year to Russia.

Commissioner Karel De Gucht says the EU has "used all possible avenues to find a mutually acceptable solution" but Russia continues to arbitrarily target EU imports.

He says the EU has asked the WTO to set up a dispute settlement panel. A ruling can take months.

The dispute comes amid a wider rivalry as Russia is trying to win eastern European nations like Ukraine to join its own customs union instead of the EU's.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

Business

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast