The European Union submits trade disputes with India and Turkey to the World Trade Organization (WTO). The damage to Europe from trade-restricting measures taken by both countries is more than one billion euros a year, reports the European Commission.
In the case against India, the EU is opposed to import duties on a wide range of ICT products, including mobile phones, while the country has committed itself to trading duty free. The Indian taxes vary between 7.5 and 20 percent, with which European exports worth 600 million euros are at risk.
Turkey forces foreign pharmaceutical companies to relocate their production to Turkey if they want their medicines to be eligible for reimbursement to citizens in the Turkish health care system. That is clearly contrary to the WTO rules to treat foreign companies equally, according to Brussels. Export damage amounts to 460 million euros and can amount to 2.5 billion euros.
About the author: Matthew Johnson
Matthew Johnson, a small tech business owner retired and found his passion in journalism.