Trade and markets
 

Detail

Area
European Union
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/02/2015
Policy Category
Trade
Policy Instrument
Trade policy
Description
Requested establishment of a WTO dispute settlement panel to review the Russian Federation’s import duties on selected products including palm oil.
Notes
Following the failure of bilateral consultations over Russia’s import duties on selected products including palm oil (see MPPU Dec.’14), the European Commission requested the establishment of a WTO dispute settlement panel. According to the EU, the minimum tariff amount Russia charges on its palm oil imports can be higher than the WTO-agreed duty expressed as a percentage of the product’s value.