Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-216-000"
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"en.20110928.19.3-216-000"2
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"With the accession of Bulgaria and Romania, the EU has enlarged its customs union. Consequently, the EU was obliged under WTO rules to enter into negotiations with WTO Members with negotiating rights in the schedules of any of the acceding Members in order to agree on compensatory adjustment. The aim is to agree on a mutually satisfactory compensatory adjustment in order to offset the increase in bound duties. Both parties have an interest in reaching agreement. On 29 January 2007, the Council authorised the Commission to open negotiations under Article XXIV(6) of GATT with countries eligible for compensation. The Council initialled the agreement with New Zealand on 7 September 2010. On 11 April 2011, the Council authorised the signature. The signing of the agreement with New Zealand took place on 28 April 2011. To meet WTO requirements, two issues are addressed in the agreements. Firstly, the compensation of higher tariffs which are to be compensated while secondly, the pre-accession tariff rate quota of Bulgaria and Romania also needs to be added to the existing
tariff rate quota of the EU. I welcome the agreement with New Zealand and am of the opinion that the European Parliament should approve it. New Zealand is entitled to renew the rules of its trading regime as this was substantially distorted as a result of the enlargement of the European customs union to include Romania and Bulgaria."@en1
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