Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-02-06-Speech-3-160-000"

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"en.20130206.23.3-160-000"2
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"I supported this proposal. With the accession of Bulgaria and Romania, the European Union enlarged its customs union. Consequently, the EU was obliged under WTO rules to enter into negotiations with WTO members having negotiating rights in the schedules of any of the acceding members for the purpose of agreeing on a mutually satisfactory compensatory adjustment to offset the increase in bound duties and the resulting meaningful losses. Such adjustment is due if the adoption of the EU’s external tariff regime results in an increase in tariff beyond the level for which the acceding country has bound itself at the WTO, whilst taking ‘due account of reductions of duties on the same tariff line made by other constituents of the customs union upon its formation’, as required by paragraph 6 of Article XXIV. In order to meet the WTO requirements, two issues are addressed in the agreements. Firstly, the compensation of higher tariffs, for which the instrument most often used is the opening of a country-allocated tariff rate quota or the increasing of existing ones. Secondly, the pre-accession erga omnes tariff rate quota of Bulgaria and Romania also needs to be added to the existing erga omnes tariff rate quota of the EU."@en1
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