Part A
The consultations shall begin within 30 days of the request therefor by the first Party. They shall be held with a view to reaching agreement either on:
- withdrawal by the other Party of the measures which have resulted in the significantly more restrictive situation, or
- adjustments of the obligations of both Parties, or
- adjustments to be made by the first Party to compensate for the more restrictive situation created by the other Party.
If agreement is not reached within 60 days of the request for consultations made by the first Party, such first Party may make appropriate compensatory adjustments to its obligations. Such adjustments shall be made to the extent and for such time as is necessary to take account of the significantly more restrictive situation created by the other Party. Priority must be given to those measures which least disturb the functioning of the Agreement. The rights which economic operators have acquired under the Agreement at the time such adjustments are made shall not be affected by the said adjustments.
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Agreement on Partnership and Cooperation Establishing a Partnership Between the European Communities and Their Member States,... |