Trade body rules against Russia in tariff dispute with EU

Published August 12, 2016

A World Trade Organization panel has found largely in the European Union's favor in a dispute over tariffs imposed by Russia on some agricultural and manufactured goods.

The ruling released Friday was the first involving Russia since it joined the global trade body in 2012. The case was launched by the EU in October 2014. The disputed tariffs were largely imposed at a time of heightening tensions between Western countries and Russia over its role in Ukraine.

The panel found 11 of the 12 measures challenged by the EU were inconsistent with Russia's obligations not to apply tariffs higher than those set out in its commitments as a WTO member. Five of those 11 measures have been changed since proceedings started.

The products involved included palm oil, paper and refrigerators.

URL

https://www.foxnews.com/world/trade-body-rules-against-russia-in-tariff-dispute-with-eu