25 May 2012 19:32 [Source: ICIS news]
LONDON (ICIS)--The EU’s trade complaint against ?xml:namespace>
The EU's appeal to the World Trade Organization (WTO) against Argentina’s import restrictions reflects the broader worries the EU had when Argentina expropriated 51% of the shares of YPF, a firm that was majority owned by Spain's energy major Repsol, the commission said.
The Repsol case, like the trade restrictive import measures the EU challenged on Friday, "is to be seen as an expression of the same worrying policy pursued by
While internal policy choices are sovereign matters, they cannot be pursued to the detriment of WTO members and in breach of international trade rules, it added.
“If more WTO members adopted this kind of discriminatory measures, the damage to world trade and growth would be devastating,” it said.
The remarks were part of a background paper the commission issued to explain the reasoning behind the EU”s appeal to the WTO for
In 2011, the EU exported goods worth €8.3bn ($10.4bn) to
($1 = €0.80)
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