Common use of Recognition of equivalence Clause in Contracts

Recognition of equivalence. With respect to the products listed in Annex I, the Union recognises the laws and regulations of Chile listed in Annex IV as equivalent to its laws and regulations as listed in Annex III. With respect to the products listed in Annex II, Chile recognises the laws and regulations of the Union listed in Annex III as equivalent to its laws and regulations as listed in Annex IV. In case of modification, revocation or replacement of, or addition to, the laws and regulations listed in Annex III or in Annex IV, the new rules shall be considered equivalent to the other Party’s rules unless the other Party objects in accordance with the procedure set out in paragraph 4. If a Party considers that the laws, regulations or administrative procedures and practices of the other Party do not meet any more the requirements for equivalence, it shall issue a reasoned request to the other Party to amend the relevant law, regulation or administrative procedure and practice and provide an adequate time frame, which shall not be less than three months, for ensuring equivalence. If, following the expiry of this period, the Party concerned still considers that the requirements for equivalence are not met, it may unilaterally suspend the recognition of equivalence of the laws and regulations listed in Annex III or in Annex IV as regards the products concerned listed in Annex I or in Annex II. A decision to unilaterally suspend the recognition of equivalence of the laws and regulations listed in Annex III or in Annex IV as regards the products concerned listed in Annex I or in Annex II may also be taken, following the expiry of a notice period of three months, when one Party has not provided the information required under Article 6 or does not agree that a peer review is conducted under Article 7. With respect to products not listed in Annex I and in Annex II, equivalence shall be examined at the request of one Party by the Joint Committee established in Article 8(1) in accordance with Article 8(3)(b).

Recognition of equivalence. 1. With respect to the products listed in Annex I, the Union recognises the laws and regulations of Chile listed in Annex IV as equivalent to its laws and regulations as listed in Annex III. 2. With respect to the products listed in Annex II, Chile recognises the laws and regulations of the Union listed in Annex III as equivalent to its laws and regulations as listed in Annex IV. 3. In case the event of modification, revocation or replacement of, or addition to, the laws and regulations listed in Annex III or in Annex IV, the new rules shall be considered equivalent to the other Party’s 's rules unless the other Party objects in accordance with the procedure set out in paragraph 4. 4. If a Party considers that the laws, regulations or administrative procedures and practices of the other Party do not no longer meet any more the requirements for equivalence, it shall issue a reasoned request to the other Party to amend the relevant law, regulation or administrative procedure and or practice and provide an adequate time frametimeframe, which shall not be less than three months, for ensuring equivalence. If, following the expiry of this that period, the Party concerned still considers that the requirements for equivalence are not met, it may unilaterally suspend the recognition of equivalence of the laws and regulations listed in Annex III or in Annex IV as regards the relevant products concerned listed in Annex I or in Annex II. 5. A decision to unilaterally suspend the recognition of equivalence of the laws and regulations listed in Annex III or in Annex IV as regards the relevant products concerned listed in Annex I or in Annex II may also be taken, following the expiry of a notice period of three months, when one Party has not provided the information required under Article 6 or does not agree that to a peer review is conducted under Article 7. 6. With respect to products not listed in Annex I or II, and in Annex IIaccordance with point (b) of Article 8(3), equivalence shall be examined at the request of one Party by the Joint Committee established in pursuant to Article 8(1) in accordance with Article 8(3)(b).