China disappointed by the complaint of the European Commission to the WTO

China expressed regret submitted by the European Commission (EC) complaint BP world trade organization (WTO) regarding the issues on patent rights of European companies, reports Reuters.

The China’s Ministry of Commerce said in his statement that the country will consider the complaint in accordance with the dispute settlement procedures in the WTO.

“The Chinese government has always attached great importance to the protection of intellectual property rights and has taken decisive action to protect the legitimate rights and interests of owners of intellectual property rights in the country and abroad”, – said in the Ministry.

How to write “News.Housekeeper”, the EU decided to file a complaint to the world trade organization on the Chinese practice of technology transfer. The unexpected decision of the bloc increases the pressure on Beijing on the background of the trade dispute between the US and China.

On the same day when the EU complained to the WTO on U.S. duties on steel and aluminium, the bloc said that it appeals to the WTO to bring about changes in the legislation of China in the field of intellectual property.

The EU noted that the current PRC rules regarding intellectual property and put European companies in China at a disadvantage.

“Today we filed a complaint in the WTO like the US and China, and it demonstrates that we do not choose any of the parties, – said the European Commissioner for trade Cecilia malmström reporters in Brussels. – We favour the multilateral system, based on the rules of global trade.”

The EU, like China, opposes duties on imports of steel and aluminum, which US President introduced for reasons of national security. EU countries were exempted from these duties until June 1, and block appealed to the WTO after the exemption was not extended.

The EU also intends to June 20 to be imposed on American goods return duties.

Iran expects to supply 11 planes ATR and Airbus

Iran is expecting delivery of 11 aircraft produced by aircraft manufacturing companies Airbus and ATR to the end of the year, despite the US withdrawal from the nuclear deal, said the Executive Director of the airline, IranAir Farzana Sharabati.

“Expect that by the end of the year in the Gregorian calendar eight aircraft and three ATR aircraft will be transferred to the IranAir Airbus,” said Sharabati, reports “Prime”.

Airbus said earlier that the study of the U.S. decision on withdrawal from the agreement with Iran on its nuclear program will take some time.

For its part, the U.S. Treasury after the decision of Washington of may 8 to withdraw from nuclear agreement with Iran has stated that it will revoke export licenses for the delivery of planes to Iran and gave the manufacturers 90 days of curtailing the export of aircraft.

The Iranian airline IranAir ordered 200 passenger planes: 100 planes from Airbus, 80 – at Boeing, the 20 – ATR. These transactions depend on American licenses, since the planes use American components production. The contract value is $38,3 billion.

Rosstat: the annual inflation rate to April 1, – 2,4%

Inflation in Russia in may at 0.4% vs. 0.3% in March, 0.2 percent in February and 0.3% in January, according to Rosstat. In January-may, inflation was 1.6 percent, annual inflation by 1 April to 2.4%.

Inflation in may was influenced by multidirectional factors. On the one hand, began to decline, the prices for fruits and vegetables (1.3 percent), which allowed to rely on the slowdown of inflation. On the other hand, the ruble exchange rate fell in April because of U.S. sanctions, and gasoline prices rose in may from 5.6%.

The head of the Central Bank Elvira Nabiullina said yesterday that the Bank of Russia is concerned about the increase in gasoline prices, causing inflation to increase in 2018 by 0.2-0.4 percent. While Nabiullina stressed that the cost of gasoline will not lead to exceeding the inflation target (4%) in 2018.

Meanwhile, food prices dropped in may by 0.1% (in may 2017 rose by 0.6%), including articles of food without fruit-and-vegetable production rose 0.1% (in may 2017, fell by 0.1%). Prices for manufactured goods rose in may by 0.9% (0.2%). Services prices rose by 0.4% (in may 2017 by 0.4%).

Fruits and vegetables fell in may by 1.3% (in may 2017 rose 5.8%). Including cucumbers fell by 16.9%, bananas – on 12,4%, tomatoes – by 10.5%, onion – by 4.1%, grapes – by 2.2%, oranges – by 1.4%. At the same time, lemons have risen 19.9%, cabbage – by 16.6%, beet – by 11.7%, carrots – by 7.3%, onion – by 4.7%, apples – by 2.9%.

Sugar rose in may by 5.7%, meat and poultry – by 0.5%, fish and seafood – 0.4%. Chicken eggs fell in price by 7.9%, cereals – by 0.6%, milk and dairy products – by 0.2%.

The Ministry expects inflation in 2018 at 2.7-3.2 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *