Daily News 16 / 08 / 2016

WTO confirms Russian import duties violate WTO rules

The World Trade Organisation confirmed that Russian import duties on paper, refrigerators and palm oil violate its rules, following the dispute settlement procedure activated by the EU. The import duties exceed those Russia agreed to when it joined the WTO. This is the first case ever decided in the WTO against Russia. Despite being a WTO member since August 2012, Russia has not yet fulfilled some of its commitments made before its accession.  This includes one of the WTO’s most fundamental rules, according to which its members must not apply customs duties in excess of the ‘bound rates’ they commit themselves to in their respective Schedules. The WTO panel fully agreed that Russia’s customs duties on paper, refrigerators and palm oil are inconsistent with its WTO commitments. More information on DG Trade website.(For more information: Enrico Brivio – Tel.: +32 229 56172; Iris Petsa – Tel.: +32 229 93321)

 

EUROSTAT: Juin 2016 – Excédent de 29,2 mrds d’euros du commerce international de biens de la zone euro, excédent de 7,7 mrds d’euros pour l’UE28

Zone euro: D’après les premières estimations pour le mois de juin 2016, les exportations de biens de la zone euro (ZE19) vers le reste du monde se sont établies à 178,8 milliards d’euros, en baisse de 2% par rapport à juin 2015 (182,8 mrds). Les importations depuis le reste du monde ont quant à elles été de 149,5 mrds d’euros, en recul de 5% par rapport à juin 2015 (157,4 mrds). En conséquence, la zone euro a enregistré en juin 2016 un excédent de 29,2 mrds d’euros de son commerce international de biens avec le reste du monde, contre +25,5 mrds en juin 2015. Le commerce intra-zone euro a diminué à 150,2 mrds d’euros en juin 2016, soit -1% par rapport à juin 2015. Un communiqué de presse EUROSTAT est disponible en ligne. (For more information: Enrico Brivio – Tel.: +32 229 56172; Axel Fougner – Tel.: +32 229 57276)

 

Mergers: Commission clears merger between IMS and Quintiles

The European Commission has approved under the EU Merger Regulation a proposed merger between IMS Health and Quintiles, both of the US. IMS provides information and technology services to pharmaceutical, biotech, life science and healthcare companies. Quintiles provides product development services and commercial outsourcing services to support healthcare companies develop and commercialize new therapies globally. The Commission concluded that the proposed transaction would raise no competition concerns. This is because the overlap between the companies’ activities in the area of collection of data based on actual patient experiences and clinical practice (real word evidence) is very limited in the European Economic Area and a number of strong players will remain active in this market after the merger. In addition, IMS Health does not own or control any database or software, which is unique or indispensable for the provision of services performed by Quintiles and its competitors. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8061. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)

Upcoming events of the European Commission (ex-Top News)

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