Between 2008 and 2018, the EU ran a trade deficit with Russia (meaning that it imported more than it exported). This trade deficit was highest in 2011 at €93 billion and lowest in 2016 at €46 billion. In 2018, the EU’s trade deficit with Russia was €83 billion.
From 1 to 4 October, the Expoforum Convention and Exhibition Centre is going to host the 9th St. Petersburg International Gas Forum, one of the largest specialized convention and exhibition events in the oil and gas industry.
The 8th International Congress of Oil and Gas Industry Professionals, held as part of the Forum, will feature plenary sessions, specialized conferences, round table discussions, case contests, and scientific and technical meetings. The Forum invited representatives of federal and regional authorities, top managers of major international and Russian industrial corporations, global experts, heads of relevant universities and innovation centres.
EU Member States today agreed to a proposal from the European Commission to make €50 million available to Irish beef farmers, which can be matched by national funds to reach a maximum of €100 million.
The European Commission’s report released today confirms the continuous rise in barriers encountered by European companies in foreign markets. Thanks to the EU’s firm response, 123 such barriers have been eliminated since the beginning of the current Commission mandate, allowing for more than €6 billion extra exports in 2018.
Concerns welded tubes and pipes of iron or non-alloy steel originating in Belarus, Russia and China.
The Dispute Settlement Body (DSB) on 26 April formally adopted a panel ruling clarifying the use of national security exceptions to WTO rules as invoked in the trade dispute between the Russian Federation and Ukraine over transit restrictions. The DSB also heard a number of members’ views on proposed reforms to the dispute settlement process in light of recent dispute cases and continued differences over the appointment of Appellate Body members.