ANNOUNCED AS TEMPORARYNo
On 2 April 2019, Russia submitted a notification under article 12.5 of the WTO Safeguard Agreement of its proposed decision to suspend concessions and other obligations stipulated in paragraph 2 of Article 8 of said agreement. The proposed suspension follows the imposition of definitive safeguard duties on imports of certain steel products by the European Union, see related state acts.
Following this decision, Russia will impose measures substantially equivalent to the amount of affected trade caused by the EU safeguard duty. Such actions will be notified to the Council for Trade in Goods of the WTO once applied.
In this context, Russia noted that: "The proposed suspension may come into effect either after the first three years that that the safeguard measures of the European Union are in effect, or after the date of the decision of the WTO Dispute Settlement Body that the safeguard measures of the European Union are inconsistent with the relevant provisions of the WTO Agreement, whichever is earlier. However, this notification is without prejudice to the right of the Russian Federation to bring into effect the proposed suspension of substantially equivalent concessions or other obligations pursuant to relevant provisions of the WTO agreements. The suspension of concessions and other obligations will continue to apply until the safeguard measures of the European Union are lifted."
Notably, a number of other counties have also notified the WTO of suspending concessions and other obligations in reaction to the EU's definitive safeguard duty on imports of certain steel products, see related state acts.
⚑ Please report this page in case you detect an inaccuracy in its content.