28.1.77 OfficialJournaloftheEuropeanCommunities NoL24/15
COMMISSION REGULATION (EEC)No169/77
of26January1977
concerningimportarrangements intheBeneluxcountriesforcertainstockings
originatingintheRepublicofKorea
theinjuryalreadycausedandwouldmakeitdifficult
toremedy;
Whereas,inthissituationKoreahasundertakento
submititsexportstotheBeneluxcountriesofthe
productsinquestiontoaquantitativelimitfor1977
andtheCommunityhasacceptedthatimportsof
suchproductswillbeadmitteduptothesaidlimitin
accordancewithasystemofdoublechecking;
Whereasitisnecessarytoestablishdetailedrulesfor
theadministration ofthesaidlimitsbythecompetent
authoritiesintheBeneluxcountries,
HASADOPTED THISREGULATION :
Article1THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1439/74of4June1974oncommonrulesfor
imports('),andinparticularArticle12thereof,
HavingconsultedtheCommitteeprovidedforin
Article5ofthesaidRegulation,
Whereas,inthecontextoftheArrangementregarding
internationaltradeintextiles,theEuropeanEconomic
CommunityandtheRepublicofKoreahavenegoti­
atedanAgreementontradeintextileproducts,which
wassignedon22December1976;
WhereastheCommission hassubmittedtothe
Councilarecommendation foraRegulation
concludingthatAgreement ;
Whereas,duringthenegotiations ,theCommunity
andtheRepublicofKoreadeclaredtheirintentionof
applyingthisAgreementpriortocompletionofthe
proceduresnecessaryforitsentryintoforce;
Whereas,forcertaintextileproducts,theAgreement
makesprovisionforaconsultationprocedurepermit­
tingtheadoptionofprotectivemeasuresintheevent
ofarealriskofmarketdisruption ;
Whereas,inaccordancewiththesaidprocedure,the
CommunityandKoreahaveestablishedthatimports
intotheBeneluxcountriesofcertainstockingsof
Koreanoriginhaveincreasedsharplyandsubstan­
tially,thattheyareofferedforsaleonthosemarketsat
priceswhichareconsiderablylowerthantheprices
prevailingamongCommunityproducersandthat
theyrepresentasignificantmarketshare;
WhereastheCommunityandKoreaarethereforeof
theopinionthatallthesefactorscausedmarketdisrup­
tionandsubstantialinjurytoCommunityproducers
andthatfurtherunlimitedimportswouldaggravate1.ImportsintotheBeneluxcountriesofthe
productslistedintheAnnexheretoandoriginatingin
theRepublicofKoreaandexportedtherefrom
between 1Januaryand31December1977shallbe
subjecttothequantitativelimitsetoutinthesaid
Annex.
2.ThecompetentauthoritiesintheBeneluxcoun­
triesshallwithinquantitativelimitsprescribed,auto­
maticallyauthorizetheimportoftheproducts
referredtoinparagraph 1immediatelyuponproduc­
tionbytheimporterofacertifiedcopyofanexport
licencegrantedbytheKoreanauthorities.
Article2
1.ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .
2.Itshallapplyuntiltheentryintoforceofappro­
priatemeasurestobetakenbytheCouncilinaccor­
dancewithArticles12(6)and13ofRegulation(EEC)
No1439/74oruntiltheexpiryofaperiodofsix
weeksafteritsentryintoforce,whicheveristhe
sooner.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26January1977.
FortheCommission
WilhelmHAFERKAMP
Vice-President
(')OJNo1.159,IS.6.1974,p.I

NoL24/16 OfficialJournaloftheEuropeanCommunities 28.1.77
ANNEX
CCT
heading
NoNIMEXE
codeDescriptionofgoods UnitQuantitative
limit
for1977
ex60.03 60.03-11;19;
30;90Stockings,understockings ,
socks,ankle-socks ,sockettes
andthelike,knittedor
crocheted,notelasticor
rubberized,otherthanof
synthetictextilefibres1000pairs1000