COMMUNITY RESERVE IS TO BE ESTABLISHED ;
WHEREAS A COMMUNITY RESERVE WILL ALLOW CERTAIN EFFECTS OF THE ALLOCATION METHOD TO BE CORRECTED AND ENSURE A MAXIMUM USE OF EXPORT POSSIBILITIES ;
WHEREAS THE ALLOCATION AMONG THE MEMBER STATES OF THE TOTAL EXPORT POSSIBILITIES WHICH THE ARRANGEMENT AFFORDS SHOULD BE BASED UPON TRADITIONAL TRADE PATTERNS , HAVING REGARD TO THE POSSIBLE REPERCUSSION OF AMERICAN MEASURES UPON THE IMPORT OF STEEL PRODUCTS FROM THE VARIOUS MEMBER STATES ;
WHEREAS , AS PROVIDED FOR IN THE ARRANGEMENT , MEASURES MUST BE TAKEN TO AVOID ABNORMAL CONCENTRATION AT CERTAIN TIMES OF EXPORTS TO THE UNITED STATES ;
WHEREAS THE COMMUNITY STEEL POLICY AIMS IN PARTICULAR AT ALLOWING THE COMMUNITY STEEL INDUSTRY TO ADAPT TO THE CONDITIONS OF INTERNATIONAL COMPETITION ; WHEREAS , BEARING IN MIND , ON THE ONE HAND , THE LINKS BETWEEN THE INDUSTRY'S RESTRUCTURING EFFORTS AND THE NEEDS TO WHICH THE ARRANGEMENT RESPONDS , AND , ON THE OTHER , THAT THE ARRANGEMENT IS LIMITED TO PRODUCTS ORIGINATING IN THE COMMUNITY , IT IS NECESSARY TO PROVIDE THAT EXPORT LICENCES ISSUED TO UNDERTAKINGS SHALL INDICATE THE UNDERTAKING ENGAGED IN PRODUCTION OF STEEL WITHIN THE COMMUNITY AND ESTABLISHED IN THE ISSUING MEMBER STATE THAT IS HOLDING THE ALLOCATION AGAINST WHICH THE LICENCE IS ISSUED ;
WHEREAS , IN ORDER TO TAKE ACCOUNT OF THE INTERESTS OF DISTRIBUTIVE UNDERTAKINGS , IT MUST BE POSSIBLE FOR THESE LICENCES TO BE TRANSFERRED NOT ONLY BETWEEN STEEL UNDERTAKINGS BUT ALSO BY STEEL UNDERTAKINGS TO DISTRIBUTIVE UNDERTAKINGS , IN PARTICULAR WHERE THE STEEL UNDERTAKINGS DECIDE TO SELL THEIR PRODUCTS TO SUCH DISTRIBUTIVE UNDERTAKINGS ;
WHEREAS IT APPEARS NECESSARY , AND FOR THE MOMENT SUFFICIENT , THAT MEMBER STATES ENSURE COMPLIANCE WITH THE DIFFERENT PROVISIONS OF THE REGIME LAID DOWN BY APPLYING THE VARIOUS PENALTIES PROVIDED FOR IN THEIR LAWS ;
WHEREAS , IN ORDER TO FACILITATE THE APPLICATION OF THE ENVISAGED PROVISIONS , IT IS APPROPRIATE TO SET UP A PROCEDURE ESTABLISHING CLOSE COOPERATION BETWEEN MEMBER STATES AND THE COMMISSION IN THE FRAMEWORK OF A COMMITTEE ; WHEREAS IT IS SUFFICIENT FOR THIS PURPOSE TO APPLY THE PROCEDURE SET UP IN COUNCIL REGULATION ( EEC ) NO 1023/70 OF 25 MAY 1970 ( 4 ) WHICH ESTABLISHED A COMMON PROCEDURE FOR ADMINISTERING QUANTITATIVE QUOTAS ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
1 . COMMUNITY EXPORT LIMITS ARE HEREBY ESTABLISHED FOR THE PERIOD 1 NOVEMBER 1982 TO 31 DECEMBER 1983 ( HEREINAFTER REFERRED TO AS " THE INITIAL PERIOD " ) AND FOR THE YEARS 1984 AND 1985 FOR EXPORTS EFFECTED AFTER 1 NOVEMBER 1982 FROM THE COMMUNITY TO THE UNITED STATES OF AMERICA ( HEREINAFTER REFERRED TO AS " THE UNITED STATES " ) OF THE STEEL PRODUCTS ORIGINATING IN THE COMMUNITY WHICH ARE LISTED AND DESCRIBED IN ANNEX I .
FOR THE PURPOSES OF THIS REGULATION , THE UNITED STATES SHALL COMPRISE UNITED STATES CUSTOMS TERRITORY AND UNITED STATES FOREIGN TRADE ZONES AS DESCRIBED IN ANNEX II .
2 . THE ORIGIN OF THE PRODUCTS