Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 (Customs duties on imports and charges having equivalent effect) may be taken by the Palestinian Authority in the form of increased customs duties or when not applicable or effective, in the form of structural adjustment charges on products listed in Annex V. 2. Without prejudice to measures related to products covered by Annex V, measures mentioned in paragraph 1 may only be applied to infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. After the introduction of these measures, the total ad valorem customs duties and structural adjustment charges applicable in the West Bank and the Gaza Strip to products originating in an EFTA State may not exceed 25% and shall maintain an element of preference for products originating in an EFTA State. They may not exceed customs duties levied on imports to the West Bank and the Gaza Strip of similar goods from any other country. The total value of imports of the products which are subject to these measures may not exceed 15% of total imports of industrial products from the EFTA States as defined in Article 2(a) during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding 5 years unless a longer duration is authorized by the Joint Committee. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures it intends to take and, at the request of the EFTA States, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the elimination of the customs duties or structural adjustment charges introduced under this Article. This schedule shall provide for a phasing out of these duties or structural adjustment charges at equal annual rates starting at the latest two years after their introduction. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 (Customs duties on imports and charges having equivalent effect) may be taken by the Palestinian Authority in the form of increased customs duties or when not applicable or effective, in the form of structural adjustment charges on products listed in Annex V. 2. Without prejudice to measures related to products covered by Annex VXxxxx X, measures mentioned in paragraph 1 may only be applied to infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. After the introduction of these measures, the total ad valorem customs duties and structural adjustment charges applicable in the West Bank and the Gaza Strip to products originating in an EFTA State may not exceed 25% 25 per cent and shall maintain an element of preference for products originating in an EFTA State. They may not exceed customs duties levied on imports to the West Bank and the Gaza Strip of similar goods from any other country. The total value of imports of the products which are subject to these measures may not exceed 15% 15 per cent of total imports of industrial products from the EFTA States as defined in Article 2(a) during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding 5 years unless a longer duration is authorized by the Joint Committee. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures it intends to take and, at the request of the EFTA States, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the elimination of the customs duties or structural adjustment charges introduced under this Article. This schedule shall provide for a phasing out of these duties or structural adjustment charges at equal annual rates starting at the latest two years after their introduction. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 (Customs duties on imports and charges having equivalent effect) may be taken by the Palestinian Authority in the form of increased customs duties or when not applicable or effective, in the form of structural adjustment charges on products listed in Annex V. 2. Without prejudice to measures related to products covered by Annex V, measures mentioned in paragraph 1 may only be applied to infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. After the introduction of these measures, the total ad valorem customs duties and structural adjustment charges applicable in the West Bank and the Gaza Strip to products originating in an EFTA State may not exceed 25% 25 per cent and shall maintain an element of preference for products originating in an EFTA State. They may not exceed customs duties levied on imports to the West Bank and the Gaza Strip of similar goods from any other country. The total value of imports of the products which are subject to these measures may not exceed 15% 15 per cent of total imports of Page 8 industrial products from the EFTA States as defined in Article 2(a) during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding 5 years unless a longer duration is authorized by the Joint Committee. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures it intends to take and, at the request of the EFTA States, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the elimination of the customs duties or structural adjustment charges introduced under this Article. This schedule shall provide for a phasing out of these duties or structural adjustment charges at equal annual rates starting at the latest two years after their introduction. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 (Customs duties on imports and charges having equivalent effect) may be taken by the Palestinian Authority in the form of increased customs duties or when not applicable or effective, in the form of structural adjustment charges on products listed in Annex V. 2. Without prejudice to measures related to products covered by Annex V, measures mentioned in paragraph 1 may only be applied to infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. After the introduction of these measures, the total ad valorem customs duties and structural adjustment charges applicable in the West Bank and the Gaza Strip to products originating in an EFTA State may not exceed 25% 25 per cent and shall maintain an element of preference for products originating in an EFTA State. They may not exceed customs duties levied on imports to the West Bank and the Gaza Strip of similar goods from any other country. The total value of imports of the products which are subject to these measures may not exceed 15% 15 per cent of total imports of industrial products from the EFTA States as defined in Article 2(a) during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding 5 years unless a longer duration is authorized by the Joint Committee. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures it intends to take and, at the request of the EFTA States, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the elimination of the customs duties or structural adjustment charges introduced under this Article. This schedule shall provide for a phasing out of these duties or structural adjustment charges at equal annual rates starting at the latest two years after their introduction. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 (Customs duties on imports and charges having equivalent effect) may be taken by the Palestinian Authority in the form of increased customs duties or when not applicable or effective, in the form of structural adjustment charges on products listed in Annex V. 2. Without prejudice to measures related to products covered by Annex VXxxxx X, measures mentioned in paragraph 1 may only be applied to infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. After the introduction of these measures, the total ad valorem customs duties and structural adjustment charges applicable in the West Bank and the Gaza Strip to products originating in an EFTA State may not exceed 25% and shall maintain an element of preference for products originating in an EFTA State. They may not exceed customs duties levied on imports to the West Bank and the Gaza Strip of similar goods from any other country. The total value of imports of the products which are subject to these measures may not exceed 15% of total imports of industrial products from the EFTA States as defined in Article 2(a) during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding 5 years unless a longer duration is authorized by the Joint Committee. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures it intends to take and, at the request of the EFTA States, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the elimination of the customs duties or structural adjustment charges introduced under this Article. This schedule shall provide for a phasing out of these duties or structural adjustment charges at equal annual rates starting at the latest two years after their introduction. The Joint Committee may decide on a different schedule.