COMMISSION REGULATION (EU) No 1040/2010
of 16 November 2010
amending Annex V to Council Regulation (EC) No 1342/2007 as regards the quantitative limits of certain steel products from the Russian Federation
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 1342/2007 of 22 October 2007 on administering certain restrictions on imports of certain steel products from the Russian Federation (1), and in particular Article 5 thereof,
Whereas:
(1)
The European Community and the Russian Federation signed an agreement on trade in certain steel products on 26 October 2007 (2) (the Agreement).
(2)
Article 3(3) of the Agreement provides that unused quantities for a given year may be carried over to the following year up to a maximum of 7 % of the relevant quantitative limit set out in Annex II to the Agreement.
(3)
Russia has, as in 2009, notified the European Union of its intent to make use of the provisions in Article 3(3) within the time limits set by the Agreement. It is appropriate to make the necessary adjustments to the quantitative limits for the year 2010 resulting from Russia’s request.
(4)
Article 10 stipulates that with each yearly renewal, quantities in every product group shall be increased by 2,5 %.
(5)
Regulation (EC) No 1342/2007 should be amended accordingly,
HAS ADOPTED THIS REGULATION:
Article 1
The quantitative limits for the year 2010 set out in Annex V to Regulation (EC) No 1342/2007 are replaced by those set out in Annex I to this Regulation.
Article 2
The quantitative limits for the year 2011 resulting from the application of Article 10(1) of the 2007 Agreement between the European Community and the Russian Federation on trade in certain steel products are set out in Annex II to this Regulation.
Article 3
This Regulation shall enter into force on the day following its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 16 November 2010.