CELEX: 52011PC0715
Language: en
Date: 2011-11-09
Title: Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL repealing Council Regulation (EC) No 1342/2007 on administering certain restrictions on imports of certain steel products from the Russian Federation

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		52011PC0715
		
			Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL repealing Council Regulation (EC) No 1342/2007 on administering certain restrictions on imports of certain steel products from the Russian Federation /* COM/2011/0715 final - 2011/0315 (COD) */
			
				
		
		
			
			   	EXPLANATORY MEMORANDUM
The trade in certain steel products between
the European Union and the Russian Federation has been governed by an
Agreement, establishing also quotas for imports into the European Union of
steel originating in the Russian Federation. As foreseen in Article 10(4) of
the Agreement, with the accession of the Russian Federation to the World Trade
Organization the Agreement must be terminated and the quotas abolished.
The present proposal therefore foresees the
repeal of Council Regulation (EC) No 1342/2007 implementing that Agreement in
the European Union which would take effect on the date on which the Russian
Federation will become a member of the World Trade Organization.
2011/0315 (COD)
Proposal for a
REGULATION OF THE EUROPEAN PARLIAMENT
AND OF THE COUNCIL
repealing Council Regulation (EC) No
1342/2007 on administering certain restrictions on imports of certain steel
products from the Russian Federation
THE EUROPEAN PARLIAMENT AND THE
COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the
Functioning of the European Union, and in particular Article 207 thereof,
Having regard to the proposal from the
European Commission,
After transmission of the draft legislative
act to the national Parliaments,
Acting in accordance with the ordinary
legislative procedure,
Whereas:
(1)       The Partnership and
Cooperation Agreement establishing a partnership between the European
Communities and their Member States, of the one part, and the Russian
Federation, of the other part[1],
hereinafter referred to as “the PCA”, entered into force on 1 December 1997.
(2)       Article 21(1) of the PCA
provides that trade in certain steel products shall be governed by Title III of
that Agreement, with the exception of Article 15 thereof, and by the provisions
of an agreement on quantitative arrangements.
(3)       On 26 October 2007, the
European Community and the Government of the Russian Federation concluded such
an Agreement on trade in certain steel products[2],
hereinafter referred to as “the Agreement”.
(4)       On 22 October 2007, the
Council adopted Regulation (EC) No 1342/2007 on administering certain
restrictions on imports of certain steel products from the Russian Federation[3] in order to implement the
Agreement.
(5)       The Agreement stipulates
that in the event that the Russian Federation accedes to the World Trade
Organization before the expiration of the Agreement, the Agreement will be
terminated and as a consequence the quantitative limits will be abolished as of
the date of accession.
(6)       On the date when the
Russian Federation becomes a member of the World Trade Organization the
Regulation to implement the Agreement will no longer be necessary. Regulation
(EC) No 1342/2007 should therefore be repealed with effect from that date,
HAVE ADOPTED THIS REGULATION:
Article 1
Regulation (EC) No 1342/2007 is hereby
repealed.
Article 2
This Regulation shall enter into force on
the day following that of its publication in the Official Journal of the
European Union.
It shall take effect on the date on which
the Russian Federation accedes to the World Trade Organization.
The Commission shall publish a notice in
the Official Journal of the European Union to that effect.
This Regulation shall be binding
in its entirety and directly applicable in all Member States.
Done at Brussels,
For the European Parliament                       For
the Council
The
President                                                 The President
[1]               OJ L 327, 28.11.1997, p. 3.
[2]               OJ L 300, 17.11.2007, p. 52.
[3]               OJ L 300, 17.11.2007, p. 1.