June 1, 2018
Russia to end its WTO-incompatible auto investment programmes on 1 July 2018
Speaking at a meeting of the Committee on Trade-Related Investment Measures (TRIMs) on 1 June, Russia informed WTO members that it will terminate its WTO-inconsistent auto investment programmes as of 1 July 2018, a deadline stipulated by its WTO accession protocols. These investment programmes allowed auto investors to import auto parts free of duty on condition of local content requirements (LCR). The European Union had held a consultation meeting with Russia on this matter and it welcomed Russia’s move in honouring its commitment to the WTO.
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