Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% ad valorem and shall maintain the element of preference for products originating in the territory of the State of the other Party. 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 territory of the State of the other Party, as defined in Chapter I during the last year for which statistics are available. 4. The measures may be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, 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 Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. 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 of this Agreement, may be taken for industrial products by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory other Party introduced in accordance with paragraphs 1 and 2 of the State of the other Party, introduced by these measures this Article may not exceed 2525 % ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other Party. The total value of imports of the products which are subject to these measures may not exceed 1515 % of total imports of industrial products from the territory of the State of the other Party, Party as defined in Chapter I of this Agreement, during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeeperiod determined in paragraph 1 of Article 1 of this Agreement. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, consultations shall be held in immediately within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration duration, which derogate from the provisions of Article 4 of this Agreement, may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% ad valorem and shall maintain the element of preference for products originating in the territory of the State of the other PartyParties. 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 territory of the State of the other Party, as defined in Chapter I during the last year for which statistics are available. 4. The measures may be applied for a period not exceeding five yearsyears unless a longer duration is authorised by the Joint Committee. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, 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 Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration duration, which derogate from the provisions of Article 4 to this Agreement, may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the respective Contracting Party concerned to products originating in the territory of the State of the other Party, Contracting Party introduced by these exceptional measures may not exceed 25% ad valorem and shall maintain the an element of preference for products originating in the territory of the State of the other Contracting Party. 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 territory of the State of the other Contracting Party, as defined in Chapter I I, during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five three years. They Their operation shall cease to apply at by the expiration end of the transitional period, unless a longer duration is authorised by specified in paragraph 1 of Article 1 of this Agreement at the Joint Committeelatest. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Contracting Party of any exceptional measures it intends to take and, at the request of the other Contracting Party, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are appliedprior their introduction. When taking such measures the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs custom duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, introduction at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate duration, derogating from the provisions of Article 4 4, may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Contracting Party concerned to products products, originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain the an element of preference for products products, originating in the territory of the State of the other Party. The total value of imports of the products which are product, subject to these measures measures, may not exceed 15% 15 per cent of total imports of industrial products from the territory of the State of the other Contracting Party, as defined in Chapter I Article 2, during the last year for which statistics are statistical data is available. 4. The These measures may shall be applied for a period not exceeding five consecutive years, unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the latest on the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may can be introduced in respect of to a product product, if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or restrictions, charges or measures measures, having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Party Joint Committee of any exceptional measures it intends to take and, at the upon request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply apply, before they are applied. When taking such measures measures, the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties duties, introduced under this Article. This schedule shall provide for a phasing out of these duties duties, starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on upon a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 duration, may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Contracting Party concerned to products products, originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% ad valorem and shall maintain the an element of preference for products products, originating in the territory of the State of the other Party. The total value of imports of the products which are product, subject to these measures measures, may not exceed 15% of total imports of industrial products from the territory of the State of the other Contracting Party, as defined in Chapter I Article 4, during the last year for which statistics are statistical data is available. 4. The These measures may shall be applied for a period not exceeding five consecutive years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised authorized by the Joint Committee. 5. No such measures may can be introduced in respect of to a product product, if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or restrictions, charges or measures measures, having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Party Joint Committee of any exceptional measures it intends to take and, at the upon request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply apply, before they are applied. When taking such measures measures, the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties duties, introduced under this Article. This schedule shall provide for a phasing out of these duties duties, starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on upon a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 3 may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other PartyParties. 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 territory of the State of the other Party, Party as defined in Chapter I I, during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five three years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeelatest on 1 January 2001. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take under this article and, at the request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of a limited duration which derogate from the provisions of Article 4 may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Contracting Party concerned to products originating in the territory of the State of the other Party, Party introduced by these measures may not exceed 2525 % ad valorem and shall maintain the contain an element of preference for products originating in the territory of the State of the other Contracting Party. The total value of imports of the products which are subject to these measures may not exceed 15% of the total imports of industrial products from the territory of the State of the other Party, Contracting Party as defined in Chapter I Article 2 during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five three consecutive years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may shall be introduced in respect of a product if more than three years have elapsed since the elimination entry into force of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that productthis Agreement. 6. The Contracting Party concerned shall inform the other Party Joint Committee of any exceptional measures it intends to take and, at the request of the other Contracting Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are appliedtheir introduction. When taking such measures the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years one year after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate duration, derogating from the provisions of Article 4 of this Agreement, may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% ad valorem and shall maintain the an element of preference for products products, originating in the territory of the State of the other Party. The total value of imports of the products product which are subject to these measures may not exceed 15% of total imports of industrial products from the territory of the State of the other Party, as defined in Chapter I I, during the last year for which statistics are statistical data is available. 4. The These measures may shall be applied for a period not exceeding five years, unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may can be introduced in respect of to a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or restrictions, charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply apply, before they are applied. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on upon a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate duration, derogating from the provisions of the Article 4 of this Agreement, may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, applicable in the territory of the State of the Party concerned to products products, originating in the territory of the State of the other Party, introduced by these measures may not exceed 25% ad valorem and shall maintain the an element of preference for products products, originating in the territory of the State of the other Party. The total value of imports of the products product, which are subject to these measures measures, may not exceed 15% of total imports of industrial products from the territory of the State of the other Party, as defined in the Chapter I I, during the last year for which statistics are statistical data is available. 4. The These measures may shall be applied for a period not exceeding five years, unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may can be introduced in respect of to a product product, if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or restrictions, charges or measures measures, having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply apply, before they are applied. When taking such measures measures, the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties duties, introduced under this Article. This schedule shall provide for a phasing out of these duties duties, starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on upon a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 3 may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, Party introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain the an element of preference in customs duty rate for products originating in the territory of the State of the other Party. 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 territory of the State of the other Party, Party as defined in Chapter I during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five three years. They shall cease to apply on 1 January 2001 at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeelatest. 5. No such measures may can be introduced in respect of a product if more than three two years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the upon request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these customs duties starting at the latest two years one year after their introduction, at equal annual rates. 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 3 may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, Party introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain the an element of preference for products originating in the territory of the State of the other Party. 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 territory of the State of the other Party, Party as defined in Chapter I during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five three years, unless longer duration is authorized by the Joint Committee. They shall cease to apply on 1 January 2001 at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeelatest. 5. No such measures may can be introduced in respect of a product if more than three two years have elapsed since the entry into force of this Agreement or elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it i t intends to take and, at the upon request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior t o their introduction. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these customs duties starting at the latest two years one year after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule. Article 3 1 Re-export and serious shortage Where compliance with the provisions of Articles 5 and 7 leads to: (a) re-export towards a third country against which the exporting Party maintains for the product concerned quantitative export restrictions, export duties or measures or charges having equivalent effect; or (b) a serious shortage, or threat thereof, of a product essential to the exporting Party; and where the situations referred to above give rise or are likely to give rise to major difficulties for the exporting Party, that Party may take appropriate measures under the conditions and in accordance with the procedure laid down in Article 33 .

Structural Adjustment. 1. Exceptional Either Contracting Party may take exceptional measures of limited duration duration, which derogate from the provisions of Article 4 may be taken by any of the Parties this Agreement, in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory one of the State of the Party concerned Contracting Parties to products originating in the territory other Contracting Party introduced in accordance with paragraphs 1 and 2 of the State of the other Party, introduced by these measures this Article may not exceed 25% ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other Contracting Party. The total value of imports of the products products, which are subject to these measures measures, may not exceed 15% of total imports of industrial those products from the territory of the State of the other Party, as defined Contracting Party listed in Chapter I of this Agreement, during the last year for which statistics are available. 4. The Temporary measures may shall be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeeperiod determined in paragraph 1 of Article 1 of this Agreement. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Contracting Party of any exceptional measures it intends to take and, at the request of the other Contracting Party, consultations shall be held in immediately within the Joint Committee on such measures and the sectors to which they apply before they are appliedapply. When taking such measures the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. 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 3 to this Agreement may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These Those measures may only concern infant industries or certain and some sectors undergoing the process of restructuring or facing serious difficultiesproblems, particularly where these difficulties produce those problems cause important social problems. 32. Customs duties on imports, imports applicable in the territory of the State of the Contracting Party concerned to products originating in the territory other Contracting Party introduced in accordance with paragraph 1 of the State of the other Party, introduced by these measures this Article may not exceed 25% ad valorem and shall maintain the an element of preference in custom duties for products originating in the territory of the State of the other Contracting Party. 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 territory of the State of the other Party, Contracting Party as defined in Chapter I of this Agreement, during the last year for which statistics are available. 43. The Those temporary measures may shall be applied for a period not exceeding five four years, unless the Joint Committee approves longer duration. They It shall cease to apply at after the expiration expiry of the transitional period, unless a longer duration is authorised by period at the Joint Committeelatest. 54. No such The temporary measures may shall not be introduced in respect of a product for the products if three or more than three years have elapsed since passed from the elimination entry into force or abolition of all customs duties and duties, quantitative restrictions or charges or measures having an equivalent equal effect concerning in relation to that product. 65. The Contracting Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the request of the other Party, consultations shall be held in the Joint Committee on such any temporary measure it intend to take and shall hold consultations within Joint Committee on those measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures measures, the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination a phasing out of the customs these duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. 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 3 may be taken by any of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, Party introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other Party. 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 territory of the State of the other Party, as defined in Chapter I I, during the last year for which statistics are available. 4. The These measures may be applied for a period not exceeding five three years. They shall cease to apply at the expiration latest on the date of the end of the transitional period, unless a longer duration is authorised by the Joint Committeeperiod for this Agreement. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Party concerned shall inform the other Party of any exceptional measures it intends to take and, at the upon request of the other Party, consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these customs duties starting at the latest two years after their introduction, at equal annual rates. 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 may be taken by any either of the Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Party concerned to products originating in the territory of the State of the other Party, Party introduced by these measures may not exceed 2525 % ad valorem and shall maintain the an element of preference for products originating in the territory of the State of the other Party. The total value of imports of the products product which are subject to these measures may not exceed 15% of total imports of industrial products from the territory of the State of the other Party, Party as defined in Chapter I Article 2 during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committee. 5. No such measures may be introduced three consecutive years in respect of a certain product if more than three years have elapsed since from the elimination of date all customs duties and duties, quantitative restrictions or restrictions, charges or measures having an equivalent effect have been eliminated concerning that product. 65. The Party concerned shall inform the other Party Joint Committee of any exceptional measures it i t intends to take and, at the request of the other Party, Party consultations shall be held in within the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from are not in accordance with the provisions of Article 4 of this Agreement may be taken by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory one of the State of the Party concerned Contracting Parties to products originating in the territory other Contracting Party introduced in accordance with the paragraphs 1 and 2 of the State of the other Party, introduced by these measures this Article may not exceed 25% ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other Contracting Party. 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 territory of the State of the other Party, Contracting Party as defined in Chapter I of this Agreement, during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, successive years unless a longer duration is authorised authorized by the Joint Committee. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Contracting Party of any exceptional measures it intends to take and, at the request of the other Contracting Party, consultations shall be held in immediately within the Joint Committee on such measures and the sectors to which they apply before they are appliedapply. When taking such measures the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. 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 of this Agreement, may be taken for industrial products by any of the Contracting Parties in the form of increased customs duties. 2. These measures may only concern infant industries industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports, imports applicable in the territory of the State of the Contracting Party concerned to products originating in the territory other Contracting Party introduced in accordance with paragraphs 1 and 2 of the State of the other Party, introduced by these measures this Article may not exceed 2525 % ad valorem and shall maintain the an element of preference in customs duties for products originating in the territory of the State of the other Contracting Party. The total value of imports of the products which are subject to these measures may not exceed 1515 % of total imports of industrial products from the territory of the State of the other Party, Contracting Party as defined in Chapter I of this Agreement, during the last year for which statistics are available. 4. The These measures may shall be applied for a period not exceeding five years. They shall cease to apply at the expiration of the transitional period, unless a longer duration is authorised by the Joint Committeeperiod determined in paragraph 1 of Article 1 of this Agreement. 5. No such measures may be introduced in respect of a product if more than three years have elapsed since the elimination of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Contracting Party concerned shall inform the other Contracting Party of any exceptional measures it intends to take and, at the request of the other Contracting Party, consultations shall be held in immediately within the Joint Committee on such measures and the sectors to which they apply before they are appliedprior to their introduction. When taking such measures the Contracting Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. This schedule shall provide for a phasing out of these duties starting at the latest two years after their introduction, at equal annual rates. The Joint Committee may decide on a different schedule.