Common use of Outermost Regions Clause in Contracts

Outermost Regions. 1. Where any product originating in New Zealand is being imported into the territory of one or several outermost regions of the EU in such increased quantities and under such conditions as to cause or threaten to cause serious deterioration in the economic situation of the outermost region(s) concerned of the EU Party, the EU Party, after having examined alternative solutions, may exceptionally take safeguard measures limited to the territory of the region(s) concerned. 2. Without prejudice to the provisions of paragraph 1, other rules laid down in this Sub- Section applicable to bilateral safeguards are also applicable to any safeguard adopted under this Article. 3. For the purpose of paragraph 1, serious deterioration shall mean major difficulties in a sector of the economy producing like or directly competitive products. The determination of deterioration shall be based on objective factors, including the following elements: (a) the increase in the volume of imports in absolute or relative terms to domestic production and to imports from other sources; and (b) the effect of such imports on the situation of the relevant industry or the economic sector concerned, including inter alia on the levels of sales, production, financial situation and employment.

Outermost Regions. 1. Where any product originating in New Zealand Australia is being imported into the territory of one or several outermost regions of the EU in such increased quantities and under such conditions as to cause or threaten to cause serious deterioration in the economic situation of the outermost region(s) concerned of the EU Party, the EU Party, after having examined alternative solutions, may exceptionally take safeguard measures limited to the territory of the region(s) concerned. 2. Without prejudice to the provisions of paragraph 1, other rules laid down in this Sub- Section applicable to bilateral safeguards are also applicable to any safeguard adopted under this Article. 3. For the purpose of paragraph 1, serious deterioration shall mean major difficulties in a sector of the economy producing like or directly competitive products. The determination of deterioration shall be based on objective factors, including the following elements: (a) the increase in the volume of imports in absolute or relative terms to domestic production and to imports from other sources; and (b) the effect of such imports on the situation of the relevant industry or the economic sector concerned, including inter alia on the levels of sales, production, financial situation and employment.