Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. Exceptional measures of limited duration which derogate from the provisions of Article 23 (Elimination of Customs Duties on Imports and Charges Having Equivalent Effect) 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 22 (Scope) 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 duration, derogating from the provisions of Article 23 (Elimination 4 of Customs Duties on Imports and Charges Having Equivalent Effect) this Agreement, may be taken by any of the Parties Contracting Party 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 one of the Parties Contracting Party concerned to products originating in the other Contracting Party introduced by these measures in accordance with the paragraphs 1 and 2 of this Article may not exceed 25 25% ad valorem and shall maintain an element of preference for products in custom duties originating in 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 other Contracting Party as defined in Article 22 (Scope) during the last year for which statistics statistic data are available. 4. These measures shall be applied for a period that will not exceeding five years successive 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. 5. No such measures can be in introduced in respect of to a product product, if more than three years have elapsed since the elimination removal of all customs duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Contracting Party concerned shall inform the Joint Committee other Contracting Party of any exceptional measures they intend measure it intends to take and, at the request of either the other Contracting Party, consultations shall be held in within the Joint Committee on regarding such measures and the sectors to which they apply apply, even before they are appliedput into force. When taking such measures measures, the Parties 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 23 (Elimination of Customs Duties on Imports and Charges Having Equivalent Effect) may be taken by 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 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 22 (Scope) 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 the expiry 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 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 duration, which derogate from the provisions of Article 23 (Elimination 4 of Customs Duties on Imports and Charges Having Equivalent Effect) 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, 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 Party concerned to products originating in the other Party introduced by these measures in accordance with paragraphs 1 and 2 of this Article may not exceed 25 % ad valorem and shall maintain an element of preference in customs duties for products originating in the other Party. The total value of imports of the products products, which are subject to these measures measures, may not exceed 1515 % of total imports of industrial products from the other Party as defined in Article 22 (Scope) Chapter I of this Agreement, 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 the expiry of the transitional periodperiod determined in paragraph 1 of Article 1 of this Agreement. 5. No such measures can be introduced in respect of to a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or restrictions, charges or measures having an equivalent effect concerning that product. 6. The Parties Party concerned shall inform the Joint Committee other Party of any exceptional measures they intend it intends to take and, at the request of either 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 Parties 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 23 (Elimination of Customs Duties on Imports and Charges Having Equivalent Effect) 4, 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 Parties Party concerned to products originating in the other Party Party, introduced by these measures exceptional measures, may not exceed 25 % per cent 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% 15 per cent of total imports of industrial products from the other Party as defined in Article 22 (Scope) Chapter I, during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding five four 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 entry into force of this Agreement or since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. The Parties Party concerned shall inform the Joint Committee of any exceptional measures they intend it intends to take and, at the request of either 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 Parties 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.