Showing posts with label exports. Show all posts
Showing posts with label exports. Show all posts

Saturday, February 28, 2015

Lithuania signs US deal to replace Russian gas. "LNG exports by the US may weaken the position of Russia ..."

Lithuania said Saturday it had signed a trade agreement to buy liquified natural gas from the United States in a move aimed at reducing the EU Baltic state's heavy dependence on Russian gas deliveries.

Under the deal with Houston-based Chenier Energy company, the first LNG fuel is expected to arrive in Lithuania as early as next year, state-owned company Litgas said in a statement.

Monday, September 08, 2014

EU mulls over supportive measures on fisheries sector to combat Russian trade ban

The European Union (EU) has planned to provide financial support to fisheries sector, together with a proposal of shifting unused fishing quotas to 2015 to counter Russian trade ban, an EU official said on Monday.

According to a letter, European Commissioner for Maritime Affairs and Fisheries Maria Damanaki reassured the Council and the European Parliament that the European Commission stands ready to support the European fisheries sector.

Thursday, August 07, 2014

WTO Appellate Body rules against Chinese restrictions on access to rare earths and other raw materials (E.C.)

European Commission, Press release, Brussels, 7 August 2014:

The Appellate Body of the World Trade Organisation (WTO) today ruled in the EU’s favour. It confirmed the findings made by a Panel in March 2014 that China’s export restrictions on rare earth, as well as tungsten and molybdenum, are in breach of WTO rules. Backing the claims of the EU and its co-complainants, the US and Japan, the WTO found that China’s export duties and quotas were not justified for reasons of environmental protection or conservation policy.

Monday, May 26, 2014

Iraqi Kurds slam Baghdad legal action over oil shipment

Iraq's Kurdish region slammed legal action filed by the central government against Turkey, saying Sunday it was illegitimate and likely to fail, the latest in worsening ties between Baghdad and Kurdistan.
The Kurdish Ministry of Natural Resources statement came just days after Baghdad's Oil Ministry filed a request for arbitration against Ankara at the Paris-based International Chamber of Commerce after crude from Kurdistan was exported to international markets via a Turkish port.

Relations between Iraq and its Kurdish region, and between Baghdad and Ankara, were already fragile and are likely to chill further over the row, with the latest shipments flying in the face of the Iraqi government's insistence that it has the sole right to sell its prized natural resources.

Wednesday, March 26, 2014

WTO confirms China’s export restrictions on rare earths and other raw materials incompatible with WTO rules. -European Commission

A World Trade Organisation (WTO) panel today confirmed that China’s export duties and quotas imposed on rare earths, as well as other two raw materials, tungsten and molybdenum, are incompatible with China’s WTO obligations. The report released today concludes the dispute settlement panel proceedings launched jointly by the EU, US and Japan in March 2012.
Which raw materials are at issue in this case?
Rare earths are 17 chemical elements in the periodic table, specifically 15 lanthanides (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium), as well as scandium and yttrium.

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