| Author (Corporate) | European Union |
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| Series Title | Official Journal of the European Union |
| Series Details | L185, 23.7.2018 |
| Publication Date | 23/07/2018 |
| Content Type | Legislation |
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Summary: The European Commission on 22 June 2017 presented two proposals for Council Decisions on the signing and conclusion of an Agreement in the form of an Exchange of Letters between the European Union and New Zealand pursuant to Article XXIV:6 and Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994, relating to the modification of concessions in the schedule of the Republic of Croatia in the course of its accession to the European Union. The Council of the European Union authorised the signing of the Agreement on 17 July 2017, and the conclusion of the Agreement on 13 July 2018. Further information: With the accession of Croatia, the European Union (EU) enlarged its customs union. Consequently, the EU was required under World Trade Organisation (WTO) rules to enter into negotiations with WTO Members having negotiating rights related to the tariff schedule of Croatia in order to eventually agree on a compensatory adjustment. Such adjustment is due if the adoption of the EU’s external tariff regime results in an increase in tariff beyond the level for which the acceding country has bound itself at the WTO. On 15 July 2013, the Council authorised the Commission to open negotiations with the Members of the WTO holding negotiating rights with respect to the withdrawal of specific concessions in relation to the withdrawal of the schedule of the Republic of Croatia in the course of its accession to the European Union. Negotiations with New Zealand resulted in a draft Agreement in the form of an Exchange of Letters that was initialled on 18 May 2017 in Geneva. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.185.01.0003.01.ENG |
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| Countries / Regions | Europe, New Zealand |
