EUROPEAN COMMISSION WARNS OF ANTI-RECESSION POLICY TRADE BARRIERS FOR AUTO SECTOR
October 1st, 2009
BY KEITH NUTHALL
A DETAILED European Commission report has listed trade barriers impeding European Union (EU) automobile, parts and components sales imposed to protect export market industries from the recession. Brussels fears that while these restrictions were designed to help vulnerable businesses survive the recession, they could cause long-term damage to Europe's auto manufacturers.
The Commission stressed that without a Doha Development Round deal at the World Trade Organization (WTO) governments have significant scope to tighten trading rules, which ...
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