Regulation 1972/2843 - Safeguard measures provided for in the Agreement with Iceland - Main contents

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Regulation (EEC) No 2843/72 of the Council of 19 December 1972 on the safeguard measures provided for in the Agreement between the European Economic Community and the Republic of Iceland

Official Journal L 301 , 31/12/1972 P. 0162 - 0163

Finnish special edition: Chapter 11 Volume 1 P. 0203

Danish special edition: Series I Chapter 1972(31.12)L301 P. 0164

Swedish special edition: Chapter 11 Volume 1 P. 0203

English special edition: Series I Chapter 1972(31.12)L301 P. 0164

Greek special edition: Chapter 11 Volume 4 P. 0164

Spanish special edition: Chapter 11 Volume 3 P. 0166

Portuguese special edition Chapter 11 Volume 3 P. 0166

REGULATION (EEC) No 2843/72 OF THE COUNCIL of 19 December 1972 on the safeguard measures provided for in the Agreement between the European Economic Community and the Republic of Iceland

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community, and in particular Article 113, thereof;

Having regard to the proposal from the Commission;

Whereas an Agreement between the European Economic Community and the Republic of Iceland was signed in Brussels on 22 July 1972;

Whereas, for the purposes of implementing the safeguard clauses provided for in the Treaty establishing the European Economic Community, the procedures to be followed are laid down by the Treaty itself;

Whereas, on the other hand, the detailed rules for implementing the safeguard clauses and precautionary measures provided for in Articles 23 to 28 of the Agreement remain to be laid down;

HAS ADOPTED THIS REGULATION:

Article 1

The Council may, in accordance with the procedure provided for in Article 113 of the Treaty, decide to refer to the Joint Committee established by the Agreement between the European Economic Community and the Republic of Iceland - hereinafter referred to as the "Agreement" - for the purpose of taking the measures provided for in Articles 23, 25 and 27 of the Agreement. Where necessary, the Council shall adopt these measures in accordance with the same procedure.

The Commission may submit the necessary proposals to this end on its own initiative or at the request of a Member State.

Article 2

• 1. 

  In the case of a practice that may justify application by the Community of the measures provided for in Article 23 of the Agreement, the Commission, after examining the case on its own initiative or at the request of a Member State, shall decide whether such practice is compatible with the Agreement. Where necessary it shall propose the adoption of safeguard measures to the Council, which shall act in accordance with the procedure laid down in Article 113 of the Treaty.

• 2. 

  In the case of a practice that may cause safeguard measures to be applied to the Community on the basis of Article 23 of the Agreement, the Commission, after examining the case, shall decide whether the practice is compatible with the principles set out in the Agreement. Where necessary, it shall formulate appropriate recommendations.

Article 3

In the case of a practice that may justify application by the Community of the measures provided for in Article 25 of the Agreement, the procedures established by Regulation (EEC) No 459/68 (1) shall be applicable.

Article 4

• 1. 

  Where exceptional circumstances require immediate action in the situations referred to in Articles 24 and 26 of the Agreement or in the case of export aids that have a direct and immediate effect on trade, the precautionary measures provided for in Article 27 (3) (d) of the Agreement may be adopted as follows.

• 2. 

  The Commission may, on its own initiative or at the request of a Member State, submit the necessary proposals, upon which the Council shall decide in accordance with the procedure laid down in Article 113 of the Treaty.

• 3. 

  The Member State concerned may, except in the case of export aids...

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