Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. 1. By way of derogation from Articles 3 and the Paragraph 1 of Article 12, the Palestinian Authority may take exceptional measures of limited duration in the form of increased customs duties. 2. Such measures may only apply to infant industries, and to sectors undergoing restructuring or experiencing serious difficulties, particularly where those difficulties entail severe social problems. 3. Customs duties on imports applicable in the West Bank and the Gaza Strip to products originating in Turkey introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in Turkey. The total value of imports of the products that are subject to these measures may not exceed 15% of total imports of industrial products from Turkey, during the last year for which statistics are available. 4. Such measures shall be applied for a period not exceeding five years unless the Joint Committee authorizes a longer duration. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures she intends to adopt and, at the request of Turkey, consultations shall be held in the Joint Committee on such measures and the sectors prior to their application. When adopting such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the abolition of the customs duties introduced pursuant to this Article. Such schedules 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 on a different schedule.

Structural Adjustment. 1. By way of derogation from Articles 3 and the Paragraph 1 of Article 12, the Palestinian Authority may take exceptional measures of limited duration in the form of increased customs duties. . 2. Such measures may only apply to infant industries, and to sectors undergoing restructuring or experiencing serious difficulties, particularly where those difficulties entail severe social problems. . 3. Customs duties on imports applicable in the West Bank and the Gaza Strip to products originating in Turkey introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in Turkey. The total value of imports of the products that are subject to these measures may not exceed 15% of total imports of industrial products from Turkey, during the last year for which statistics are available. . 4. Such measures shall be applied for a period not exceeding five years unless the Joint Committee authorizes a longer duration. . 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures she intends to adopt and, at the request of Turkey, consultations shall be held in the Joint Committee on such measures and the sectors prior to their application. When adopting such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the abolition of the customs duties introduced pursuant to this Article. Such schedules 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 on a different schedule.. BASIC AND PROCESSED AGRICULTURAL PRODUCTS AND FISHERIES

Structural Adjustment. 1. By way of derogation from Articles 3 and the Paragraph 1 of Article 12, the Palestinian Authority may take exceptional measures of limited duration in the form of increased customs duties. 2. Such measures may only apply to infant industries, and to sectors undergoing restructuring or experiencing serious difficulties, particularly where those difficulties entail severe social problems. 3. Customs duties on imports applicable in the West Bank and the Gaza Strip to products originating in Turkey introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in Turkey. The total value of imports of the products that are subject to these measures may not exceed 15% of total imports of industrial products from Turkey, during the last year for which statistics are available. 4. Such measures shall be applied for a period not exceeding five years unless the Joint Committee authorizes a longer duration. 5. The Palestinian Authority shall inform the Joint Committee of any exceptional measures she intends to adopt and, at the request of Turkey, consultations shall be held in the Joint Committee on such measures and the sectors prior to their application. When adopting such measures the Palestinian Authority shall provide the Joint Committee with a schedule for the abolition of the customs duties introduced pursuant to this Article. Such schedules 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 on a different schedule.. BASIC AND PROCESSED AGRICULTURAL PRODUCTS AND FISHERIES