25 May 2012 14:50 [Source: ICIS news]
LONDON (ICIS)--The EU on Friday launched a challenge to ?xml:namespace>
“The trade and investment climate in
Relations between the EU and
In a statement, the European Commission, the executive body of the EU, listed a number of
In addition, hundreds of goods also need an import licence – including chemical products, the commission said.
“On the basis of these procedures, imports are systematically delayed or refused on non-transparent grounds,” it said.
“This practice is systematic, non-written and non-transparent,” it said.
“Acceptance by importers to undertake this practice appears to be a condition for obtaining the licence allowing imports of their goods.
“These measures delay or block goods at the border and inflict major losses to industry in the EU and worldwide,” it said.
In 2011, the EU exported goods worth €8.3bn ($10.4bn) to
The EU mainly exports manufactured goods such as machinery and transport equipment, such as cars and car parts, to
Under the WTO’s dispute settlement procedures, the EU is – as first step – requesting consultations with
“If these consultations do not reach a satisfactory solution within 60 days, the EU may request that a WTO panel be established to rule on the legality of
The EU, with other major world trading partners, had raised concerns over the trade restrictions with
($1 = €0.80)
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