Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. 1. Exceptional measures of limited duration, which derogate from the provisions of Article 4 of this Agreement, may be taken by either Party in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs duties applied by one of the Parties for goods originating in other Party introduced in accordance with paragraph 1 and 2 of this Article shall not exceed 25% ad valorem and shall contain a preference element in terms of the rate of customs duty for goods originating in other Party. The total value of imported goods subject to such measures cannot exceed 15% of the total amount of imports of industrial goods from the other Party during the last year for which statistic data is available. 4. These measures shall apply for a period that will not exceed three years, otherwise the authorization of the Joint Committee is needed. They will seize to be applied, at latest, by the end of the transition period. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Party shall inform the other Party of any exceptional measure it intends to take and, at the request of the other Party, consultations shall be held within the Joint Committee regarding such measures and sectors to which they apply, even before they are put into force. When taking such measures, the Party concerned shall provide the Joint Committee a schedule for the elimination of customs duties introduced under this Article.

Structural Adjustment. 1. Exceptional measures of limited duration, which derogate from the provisions of Article 4 of this Agreement, may be taken by either Party in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs Customs duties on imports applied by one of the Contracting Parties for goods originating in other Contracting Party introduced in accordance with paragraph 1 and 2 of this Article shall not exceed 25% ad valorem and shall contain a preference element in terms of the rate of customs duty for goods originating in other Contracting Party. The total value of imported goods subject to such measures cannot exceed 15% of the total amount of imports of industrial goods from the other Contracting Party during the last year for which statistic data is availablevalid. 4. These measures shall apply for a period that will not exceed three years, except otherwise the authorization of decided by the Joint Committee is neededCommittee. They will shall seize to be applied, at latest, apply by the end of the transition periodtransitional period at the latest. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Contracting Party shall inform the other Contracting Party of any exceptional measure it intends to take and, at the request of the other Contracting Party, consultations shall be held within the Joint Committee regarding such measures and sectors to which they apply, even before they are put into force. When taking such measures, the Contracting Party concerned shall provide the Joint Committee a schedule for the elimination of customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest one year after their introduction, at equal annual rates.

Structural Adjustment. 1. Exceptional measures of limited duration, which derogate from the provisions of Article 4 of this Agreement4, may be taken by either Party the Parties in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs duties applied by one of the Parties for goods originating in other Party introduced in accordance with paragraph 1 and 2 of this Article shall not exceed 25% ad valorem and shall contain a preference element in terms of the rate of customs duty for goods originating in other Party. The total value of imported goods subject to such measures cannot exceed 15% of the total amount of imports of industrial goods from the other Party during the last year for which statistic data is availablevalid. 4. These measures shall apply for a period that will not exceed three two years, otherwise the authorization of the Joint Committee is needed. They will seize to be applied, at latest, by the end of the transition period. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Party shall inform the other Party of any exceptional measure it intends to take and, at the request of the other Party, consultations shall be held within the Joint Committee regarding such measures and sectors to which they apply, even before they are put into forceapplied. When taking such measures, the Party concerned shall provide the Joint Committee with a schedule for the elimination of customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties, starting at the latest two years after their introduction, at equal rates. The Joint Committee may decide upon a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration, which derogate derogating from the provisions of Article 4 of this Agreement, may be taken by either Party any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs Customs duties applied by one of on imports, applicable in the Parties for goods Contracting Party concerned to products originating in the other Party Contracting Party, introduced in accordance with paragraph 1 and 2 of this Article shall by these measures may not exceed 25% ad valorem and shall contain a maintain an element of preference element in terms of the rate of customs duty for goods products, originating in the other Contracting Party. The total value of imported goods imports of the product, subject to such measures canthese measures, may not exceed 15% of the total amount of imports of industrial goods from products originating in the other Party Contracting Party, as defined in Article 4 of this Agreement, during the last year for which statistic statistical data is available. 4. These measures The Contracting Party concerned shall apply for a period that will not exceed three years, otherwise the authorization of inform the Joint Committee is needed. They will seize to be applied, at latest, by the end of the transition period. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Party shall inform the other Party of any exceptional measure measures it intends to take and, at the upon request of the other Contracting Party, consultations shall be held within the Joint Committee regarding on such measures and the sectors to which they apply, even before they are put into forceapplied. When taking such measures, the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties duties, introduced under this Article. This schedule shall provide for a phasing out of these duties, starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may recommend a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration, duration which derogate from the provisions of Article 4 of this Agreement, may be taken by either Party of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs Customs duties applied by one of on imports applicable in the Parties for goods Party concerned to products originating in the other Party introduced in accordance with paragraph 1 and 2 of this Article shall by these measures may not exceed 2525 % ad valorem and shall contain a maintain an element of preference element in terms of the rate of customs duty for goods products originating in other the Party. The total value of imported goods imports of the product which are subject to such these measures canmay not exceed 15% of the total amount of imports of industrial goods products from the other Party as defined in Article 2 during the last year for which statistic data is statistics are available. 4. These measures shall apply be applied for a period not exceeding three consecutive years in respect of a certain product from the date all duties, quantitative restrictions, charges or measures having an equivalent effect have been eliminated concerning that will not exceed three years, otherwise the authorization of the Joint Committee is needed. They will seize to be applied, at latest, by the end of the transition periodproduct. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Party concerned shall inform the other Party Joint Committee of any exceptional measure measures it intends to take and, at the request of the other Party, Party consultations shall be held within the Joint Committee regarding on such measures and the sectors to which they apply, even apply before they are put into forceapplied. When taking such measures, measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration, duration which derogate from the provisions of Article 4 of this Agreement, may be taken by either Party any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Import customs Customs duties applied by one of on imports applicable in the Parties for goods Party concerned to products originating in the other Party introduced in accordance with paragraph 1 and 2 of this Article shall by these measures may not exceed 25% 25 per cent ad valorem and shall contain a maintain an element of preference element in terms of the rate of customs duty duties for goods products originating in other Partythe Parties. The total value of imported goods imports of the products which are subject to such these measures canmay not exceed 15% 15 per cent of the total amount of imports of industrial goods products from the other Party as defined in Chapter I, during the last year for which statistic data is statistics are available. 4. These measures shall apply be applied for a period that will not exceed exceeding three years, otherwise the authorization of the Joint Committee is needed. They will seize shall cease to be applied, apply at latest, by the end of the transition periodlatest on 1 January 2001. 5. No measure can be applied to goods if more than two years passed since the removal of all customs duties and quantitative restrictions or measures having equivalent effect for such goods. 6. The interested Party concerned shall inform the other Party of any exceptional measure measures it intends to take and, at the request of the other Party, consultations shall be held without delay within the Joint Committee regarding on such measures and the sectors to which they apply, even before they are put into forceapply prior to their introduction. When taking such measures, measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.