Commission Regulation (EU) No 1040/2010 of 16 November 2010 amending Annex V to Council Regulation (EC) No 1342/2007 as regards the quantitative limits of certain steel products from the Russian Federation

17.11.2010 EN Official Journal of the European Union L 299/1
COMMISSION REGULATION (EU) No 1040/2010
of 16 November 2010
amending Annex V to Council Regulation (EC) No 1342/2007 as regards the quantitative limits of certain steel products from the Russian Federation
THE EUROPEAN COMMISSION
,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 1342/2007 of 22 October 2007 on administering certain restrictions on imports of certain steel products from the Russian Federation (1), and in particular Article 5 thereof,
Whereas:
(1) The European Community and the Russian Federation signed an agreement on trade in certain steel products on 26 October 2007 (2) (the Agreement).
(2) Article 3(3) of the Agreement provides that unused quantities for a given year may be carried over to the following year up to a maximum of 7 % of the relevant quantitative limit set out in Annex II to the Agreement.
(3) Russia has, as in 2009, notified the European Union of its intent to make use of the provisions in Article 3(3) within the time limits set by the Agreement. It is appropriate to make the necessary adjustments to the quantitative limits for the year 2010 resulting from Russia’s request.
(4) Article 10 stipulates that with each yearly renewal, quantities in every product group shall be increased by 2,5 %.
(5) Regulation (EC) No 1342/2007 should be amended accordingly,