Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by the Parties in the form of increased customs duties. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. Customs duties on imports applicable in the Parties to products originating in the other Party introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in 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 other Party as defined in Article 3 of this Agreement, during the last year for which statistics are available. These measures 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 latest on the expiry of the transitional period. No such measures can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. The Parties shall inform the Joint Committee of any exceptional measures they intend to take and, at the request of either 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 Parties 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 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, 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 Parties Turkey and Romania to products originating in the other each Party introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain an element of preference for products originating in the other PartyParties. The total value of imports of the products which are subject to these measures may not exceed 15 % per cent of total imports of industrial products from the other Party as defined in Article 3 of this AgreementChapter I, during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding exceedng five years unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the latest on at the expiry expiration of the transitional period. 5. No such measures can be introduced in respect of a product if more than three five years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Turkey and Romania shall inform the Joint Committee of any exceptional measures they intend it intends to take and, at the upon request of either 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 applied. When taking such measures the Parties Party concerned shall provide the Joint Committee with a schedule calendar 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 may be taken by the Parties Lithuania and Turkey 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 Parties Lithuania and Turkey to products originating in the other each Party introduced by these measures may not exceed 25% 25 per cent ad valorem and shall maintain an element of preference for products originating in the other each Party. The total value of imports of the products which are subject to these measures may not exceed 15 % per cent of total imports of industrial products from the other Party as defined in Article 3 of this Agreement3, during the last year for which statistics are available. 4. These measures 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 latest on at the expiry expiration of the transitional transition period. 5. No such measures can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Lithuania and Turkey Parties shall inform the Joint Committee of any exceptional measures they intend to take and, at the request of either each 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 Parties 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 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 the Parties Hungary 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 Parties Hungary to products originating in the other Party EFTA States introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in the other PartyEFTA States. The total value of imports of the products which are subject to these measures may not exceed 15 15% of total imports of industrial products from the other Party EFTA States, as defined in Article 3 of this Agreement2, during the last year for which statistics are available. 4. These measures 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 latest on at the expiry expiration of the transitional transition period. 5. No such measures can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Hungary shall inform the Joint Committee of any exceptional measures they intend it intends to take and, at the request of either Partythe EFTA States, 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 Parties Hungary 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 may be taken by the Parties Bulgaria 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 Parties Bulgaria to products originating in the other Party EFTA States introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in the other PartyEFTA States. The total value of imports of the products which are subject to these measures may not exceed 15 15% of total imports of industrial products from the other Party EFTA States, as defined in Article 3 of this Agreement2, during the last year for which statistics are available. 4. These measures 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 latest on at the expiry expiration of the transitional period. 5. No such measures can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Bulgaria shall inform the Joint Committee of any exceptional measures they intend it intends to take and, at the request of either Partythe EFTA States, 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 Parties Bulgaria 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 may be taken by the Parties Romania 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 Parties Romania to products originating in the other Party EFTA States introduced by these measures may not exceed 25% ad valorem and shall maintain an element of preference for products originating in the other PartyEFTA States. The total value of imports of the products which are subject to these measures may not exceed 15 15% of total imports of industrial products from the other Party EFTA States, as defined in Article 3 of this Agreement2, during the last year for which statistics are available. 4. These measures 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 latest on at the expiry expiration of the transitional period. 5. No such measures can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Romania shall inform the Joint Committee of any exceptional measures they intend it intends to take and, at the request of either Partythe EFTA States, 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 Parties Romania 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.