Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-229-984"
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"en.20121121.20.3-229-984"2
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"Following negotiations under Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 concluded in 2007 on poultry, the EU has witnessed a dramatic surge in processed poultry imports. As the surge has negatively affected the European poultry industry, the Commission was authorised by the Council to negotiate the modification of concessions on poultry meat under Chapter 16 of the Combined Nomenclature. Article XXVIII of the GATT 1994 on the ‘Modification of Schedules’ is the main provision governing the renegotiation of tariff concessions. The Commission negotiated in parallel with Brazil and Thailand, whose exports would be most affected by the modification of concessions. Two-year negotiations have resulted in Agreements in the form of Exchanges of Letters, initialled at the end of 2011 and signed with both partners at the end of June 2012. A mutually satisfactory compensatory adjustment offsetting the increase in bound duties was found. Under the agreements, the EU would offset the increase in the bound duty by opening tariff rate quotas and allocating their substantial shares to Brazil and Thailand. I support the adequate rebalancing exercise which ensures a mutually acceptable solution to the trading partners. The increased level of protection will be offset under the rules-based World Trade Organisation (WTO) system, maintaining a general level of reciprocal and mutually advantageous concessions."@en1
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