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DEROGATIONS FROM ARTICLE 15 (QUANTITATIVE RESTRICTIONS)

ANNEX 2

 

DEROGATIONS FROM ARTICLE 15 (QUANTITATIVE RESTRICTIONS)

 

1. Exceptional measures which derogate from the provisions of Article 15 may be taken by Russia in the form of quantitative restrictions on a non-discriminatory basis as provided for in Article XIII of the GATT. Such measures can only be taken after the end of the first calendar year following signature of the Agreement.

2. These measures may only be taken in the circumstances mentioned in Annex 9.

3. The total value of imports of goods which are subject to these measures may not exceed the following proportions of total imports of goods originating in the Community:

- 10% during the second and third calendar years following signature of the Agreement,

- 5 % during the fourth and fifth calendar years following signature of the Agreement,

- 3 % afterwards, until Russia's accession to the GATT/WTO.

The abovementioned proportions will be determined by reference to the value of imports by Russia of goods originating in the Community during the last year prior to the introduction of quantitative restrictions for which statistics are available.

These provisions shall not be circumvented by increased tariff protection on the imported goods concerned.

4. These measures shall not be applied after Russia's accession to the GATT/WTO unless otherwise provided for in Russia's accession protocol to the GATT/WTO.

5. Russia shall inform the Cooperation Committee of any measures it intends to take under the terms of the present Annex, and consultations shall be held in the Cooperation Committee if so requested by the Community on such measures before they are taken, and on the sectors to which they apply.