Article 1 
1. The tariff preferences provided for in Articles 7 and 10 of Regulation (EC) No 2501/2001 shall be removed by 50 % with effect from 1 November 2003 and by 100 % with effect from 1 May 2004, in respect of products originating in the beneficiary countries listed in Annex I to this Regulation, falling under the sectors mentioned in that Annex alongside each country concerned. 2. The tariff preferences provided for in Articles 7 and 10 of Regulation (EC) No 2501/2001 shall be re-established with effect from 1 January 2003 in respect of products originating in the beneficiary countries listed in Annex II to this Regulation, falling under the sectors mentioned in that Annex alongside each country concerned. 3. Annex I to Regulation (EC) No 2501/2001 shall be replaced by Annex III to this Regulation. Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 8 May 2003. For the Council The President M. Chrisochoïdis (1) OJ L 346, 31.12.2001, p. 1.
Article 2 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 8 May 2003. For the Council The President M. Chrisochoïdis (1) OJ L 346, 31.12.2001, p. 1.