FOR THE PERIOD OF THE AGREEMENT .
( 33 ) THE FACT THAT SOME OF THE PARTIES , PARTICULARLY THE MORE DIVERSIFIED ONES , MAY , FOR THEIR OWN PECULIAR ECONOMIC , TECHNICAL OR SOCIAL REASONS , HAVE CUT BACK THEIR CAPACITY FURTHER THAN OTHERS DOES NOT DIMINISH THE EFFECTIVENESS OF THESE COLLECTIVE ARRANGEMENTS IN SECURING THE CAPACITY REDUCTIONS REQUIRED .
( 34 ) BY REDUCING ITS CAPACITY , THE INDUSTRY WILL SHED THE FINANCIAL BURDEN OF KEEPING UNDERUTILIZED EXCESS CAPACITY OPEN WITHOUT INCURRING ANY LOSS OF OUTPUT , SINCE THE REMAINING CAPACITY CAN BE OPERATED MORE INTENSIVELY . THE CAPACITY REDUCTIONS ALSO PROVIDE THE UNDERTAKINGS WITH AN OPPORTUNITY TO DEVELOP THEIR PARTICULAR STRENGTHS , SINCE EACH HAS SELECTED FOR CLOSURE THOSE OF ITS PLANTS WHICH ARE LESS PROFITABLE OR COMPETITIVE BECAUSE OF THEIR OBSOLESCENCE OR SMALL SIZE .
( 35 ) BY CONCENTRATING ON THE PRODUCTION OF PARTICULAR PRODUCTS AND GIVING UP THE PRODUCTION OF OTHERS , THE SIGNATORIES WILL TEND TO BECOME MORE SPECIALIZED . SPECIALIZATION ON PRODUCTS FOR WHICH THEY HAVE THE BEST PLANT AND MORE ADVANCED TECHNOLOGY WILL HELP THE PARTIES TO ACHIEVE OPTIMUM PLANT SIZE AND IMPROVE THEIR TECHNICAL EFFICIENCY . IT WILL ALSO HELP THEM TO DEVELOP BETTER-QUALITY PRODUCTS MORE IN TUNE WITH THE USER'S REQUIREMENTS . THE ELIMINATION OF THE CAPITAL AND LABOUR COSTS OF UNPROFITABLE ACTIVITIES WILL MAKE RESOURCES AVAILABLE FOR THE CAPACITY THAT REMAINS IN PRODUCTION .
( 36 ) THE EVENTUAL RESULT SHOULD BE TO RAISE THE PROFITABILITY AND RESTORE THE COMPETITIVENESS OF EACH PARTY . IT IS WORTH NOTING THAT THE TOTAL LOSSES OF THE EUROPEAN SYNTHETIC-FIBRES INDUSTRY ARE REPORTED TO HAVE BEEN DOWN TO DM 500 000 000 IN 1983 FROM AN ESTIMATED DM 1 200 000 000 IN 1981 .
( 37 ) THE COORDINATION OF PLANT CLOSURES WILL ALSO MAKE IT EASIER TO CUSHION THE SOCIAL EFFECTS OF THE RESTRUCTURING BY MAKING SUITABLE ARRANGEMENTS FOR THE RETRAINING AND REDEPLOYMENT OF WORKERS MADE REDUNDANT .
( 38 ) IT CAN BE CONCLUDED THEN THAT THE AGREEMENT CONTRIBUTES TO IMPROVING PRODUCTION AND PROMOTING TECHNICAL AND ECONOMIC PROGRESS .
( 39 ) ( B ) ARTICLE 85 ( 3 ) ALSO REQUIRES THAT AN AGREEMENT AFFORD CONSUMERS A FAIR SHARE OF THE RESULTING BENEFIT . IN THE PRESENT CASE , CONSUMERS STAND TO GAIN FROM THE IMPROVEMENT IN PRODUCTION , IN THAT THE INDUSTRY WHICH EVENTUALLY EMERGES WILL BE HEALTHIER AND MORE COMPETITIVE AND ABLE TO OFFER THEM BETTER PRODUCTS THANKS TO GREATER SPECIALIZATION , WHILST IN THE SHORT TERM THEY WILL CONTINUE TO ENJOY THE BENEFITS OF COMPETITION BETWEEN THE PARTIES . THE AGREEMENT ALSO ENSURES THAT THE SHAKE-OUT OF CAPACITY WILL ELIMINATE THE NON-VIABLE AND OBSOLETE PLANT THAT COULD ONLY HAVE SURVIVED AT THE EXPENSE OF THE PROFITABLE PLANT THROUGH EXTERNAL SUBSIDIES OR LOSS FINANCING WITHIN A GROUP , AND WILL LEAVE THE COMPETITIVE PLANTS AND BUSINESSES IN OPERATION .
( 40 ) THE NUMBER OF PRODUCERS REMAINING FOR EACH PRODUCT ( SIGNATORIES AND NON-SIGNATORIES ) IS