WTO confirms Russian import duties…

 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.

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