MainNewsNewsWestside Advisors Managing Partner Sergey Vodolagin quoted by RBC on the EU anti-dumping duty for Russian still products
Westside Advisors Managing Partner Sergey Vodolagin quoted by RBC on the EU anti-dumping duty for Russian still products
The European Union imposed anti-dumping duty on cold rolled still from Russia for 5 years. Russian still producers can lose up to US $300 million.
Sergey Vodolagin outlined that EU anti-dumping duty can be challenged within the framework of WTO dispute resolution procedures. «The process of dispute resolution is lengthy and takes several stages, but if the breach of WTO rules is proved, it would be possible to collect overpaid duties from EU. As an alternative to payment of the anti-dumping duty the importer can undertake to supply products to EU for the price not lower than one agreed upon with the European Commission. The European Commission has right to accept such undertaking, but has no obligation to do it».