Brussels, 27 January 2014. Ahead of the EU-Russia Summit to be held on 28 January, the Foreign Trade Association (FTA), representing European retailers and traders, calls upon the EU leaders to address trade barriers that are negatively affecting European businesses in Russia. The FTA considers the country a promising distribution market which has led to major investment and opening of stores by European retailers and wholesalers over recent years. To realise the full potential, Russia needs to lift the ban on products like dairy and meat from Western and Central European countries.
As raised by the FTA during its discussions with decision makers at the EU Commission and Parliament, “these partial bans demonstrate a protectionist tendency that is causing significant disadvantages and financial losses to the European retail and wholesale sector”, declared Jan Eggert, FTA Director General.
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