CELEX: E2016G0001
Language: en
Date: 2016-04-28 00:00:00
Title: Decision of the Standing Committee of the EFTA States No 1/2016/SC of 28 April 2016 on internal cost sharing [2016/1660]

15.9.2016   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               L 247/27
            
         DECISION OF THE STANDING COMMITTEE OF THE EFTA STATES
   No 1/2016/SC
   of 28 April 2016
   on internal cost sharing [2016/1660]
   THE STANDING COMMITTEE OF THE EFTA STATES
   HAS DECIDED AS FOLLOWS:
   Article 1
   The contributions of Iceland, Liechtenstein and Norway (hereinafter referred to as the EFTA States) to the EEA Financial Mechanism for the period 2014–2021 are to be divided into seven annual tranches and determined on the basis of Article 2.
   Article 2
   1.   The contributions of the EFTA States to the EEA Financial Mechanism for the period 2014–2021 are based on their Gross Domestic Products (GDP).
   2.   For any EFTA State, the contribution for a specific financial year t is to be based on the available GDP data for the year t – 2 and correspond to that States' share of GDP (t – 2) in the overall GDP (t – 2) of the EFTA States.
   3.   The respective GDP data on which the contributions for a specific year t are to be based shall be delivered annually by each EFTA States by 1 March. They shall relate to the year t – 2.
   4.   Contributions shall be expressed in Euros.
   Article 3
   The accession of an EFTA State to the EU shall not affect its obligation to contribute to the EEA Financial Mechanism for the period 2014–2021 in accordance with this Decision.
   Article 4
   This Decision shall take effect on the day of entering into force or on the day of provisional application of the legal act establishing the EEA Financial Mechanism for the period 2014–2021.
   Article 5
   This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union.
   
      Done at Brussels, 28 April 2016.
      
         
            For the Standing Committee
         
         
            The Chair
         
         Kurt JÄGER
         
            The Secretary-General
         
         Kristinn F. ÁRNASON
      
   
   
      ANNEX
      The Standing Committee agrees that, before finalising possible negotiations regarding post 2021 financial contributions to reduce the economic and social disparities in the EEA, a review of the cost sharing mechanism in view of a change from GDP to GNI as the basis for the calculation shall take place.