Council Regulation (EC) No 2658/98 of 19 January 1998 concerning the approval of an exchange of letters between the European Community and the Republic of Hungary on certain import arrangements for agricultural products

COUNCIL REGULATION (EC) No 2658/98 of 19 January 1998 concerning the approval of an exchange of letters between the European Community and the Republic of Hungary on certain import arrangements for agricultural products
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 113 in conjunction with Article 228(2) first sentence thereof,
Having regard to the proposal from the Commission,
Whereas the Europe Agreement establishing an association between the European Communities and their Member States, of the one part, and the Republic of Hungary, of the other part (1), provides for close cooperation in commercial matters between the two parties;
Whereas, following the Hungarian request for a World Trade Organisation (WTO) waiver under which Hungary would be entitled to grant additional subsidies for agricultural exports there might be a risk of disturbances on Community markets;
Whereas, the safeguard provisions in the abovementioned Europe Agreement are not sufficiently specific to deal with this risk;
Whereas, in order to limit this risk it is appropriate to agree on a fast track safeguard clause,