Contents
- 1. The tariff preferences referred to in Article 7 shall be s…
- 2. Prior to the application of the tariff preferences under t…
- 3. The Commission shall, every three years, review the list r…
- 4. The list referred to in paragraphs 2 and 3 of this Article…
- 5. The Commission shall notify the country concerned of the i…
- 6. Where Annex I is amended in accordance with the criteria l…
Article 8#
1.The tariff preferences referred to in Article 7 shall be suspended, in respect of products of a GSP section originating in a standard GSP beneficiary country, when the average value of Union imports of such products over three consecutive years from that standard GSP beneficiary country exceeds the thresholds listed in Annex IV. Those thresholds shall be calculated as a percentage of the total value of Union imports of the same products from all beneficiary countries.
2.Prior to the application of the tariff preferences under the GSP, the Commission shall adopt an implementing act, in accordance with the advisory procedure referred to in Article 48(2), establishing a list of GSP sections for which the tariff preferences referred to in Article 7 are suspended in respect of a standard GSP beneficiary country. That implementing act shall apply as from 1 January 2027.
3.The Commission shall, every three years, review the list referred to in paragraph 2 of this Article and adopt implementing acts, in accordance with the advisory procedure referred to in Article 48(2), in order to suspend or to re-establish the tariff preferences referred to in Article 7. Those implementing acts shall apply from 1 January of the year following that of their date of entry into force.
4.The list referred to in paragraphs 2 and 3 of this Article shall be established on the basis of the data available on 1 September of the year in which the review is conducted and of the two years preceding the review year. It shall take into account imports from GSP beneficiary countries as applicable at that time. However, the value of imports from GSP beneficiary countries which upon the date of application of the suspension no longer benefit from the tariff preferences under Article 4(1), point (b), shall not be taken into account.
5.The Commission shall notify the country concerned of the implementing acts adopted in accordance with paragraphs 2 and 3.
6.Where Annex I is amended in accordance with the criteria laid down in Article 4, the Commission is empowered to adopt delegated acts in accordance with Article 45 to amend Annex IV in order to adjust the modalities listed in that Annex so as to maintain proportionally the same weight of the GSP sections in respect of which the tariff preferences have been suspended pursuant to paragraph 1 of this Article.
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