EU Government Notices for July 4-5
The European Union issued the following trade-related releases July 4-5 (notices of most significance will be given separate headlines):
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- ACTA and European Parliament. The Anti-Counterfeiting Trade Agreement (ACTA) was rejected by the European Parliament on July 4, 2012. David Martin, the MEP responsible for steering ACTA dossier through Parliament, presented his recommendation for the European Parliament to reject ACTA, saying "The intended benefits of this international agreement are far outweighed by the potential threats to civil liberties." (here)
- Trade deals with Russia. European companies will now operate under more favorable terms when doing business with Russia. Three bilateral agreements were negotiated as a part of Russia's accession to the World Trade Organization, which is expected later this summer. The major terms changed include foreign auto manufacturer incentives to relocate to Russia. Another important provision was the implementation of warnings and negotiations with EU at least two months before Russia plans to increase export duties on products like wheat, tobacco, energy products, wool, cotton, and a large number of earths and minerals. Finally, one of the deals has established new opportunities and business visa approval to EU maritime transport agencies seeking to set up in Russia. (here)