| Author (Corporate) | Council of the European Union |
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| Series Title | Official Journal of the European Union |
| Series Details | L 173 |
| Publication Date | 30/06/2016 |
| Content Type | Legislation |
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Summary: On 26 May 2016 the European Commission presented a proposal for a Council Regulation amending Regulation (EU) No 1388/2013 on the management of autonomous tariff quotas. The Council of the European Union adopted the new Regulation on 24 June. Further information: Autonomous tariff quotas are needed for certain products where production in the Union is insufficient to meet the needs of the user industry in the Union. Tariff quotas of the Union should be opened at zero or reduced duty rates for appropriate volumes, without disturbing the markets for such products. In December 2013 the Council adopted Regulation (EU) No 1388/2013 opening and providing for the management of autonomous tariff quotas of the Union for certain agricultural and industrial products so that Union demand for the products in question could be met under the most favourable conditions. The Regulation is updated every semester with the objective of accommodating the needs of the EU industry. The Commission considers that the opening of autonomous tariff quotas is justified for some new products, currently not listed in the Annex of Regulation (EU) No 1388/2013. In relation to some other products the wording of the description has to be changed, new TARIC codes should be assigned, an end date needs to be added, or an increase of the initial quota volume became necessary. Products for which a tariff quota is no longer in the Union's economic interest are proposed to be withdrawn. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2016.173.01.0001.01.ENG |
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| Subject Categories | Trade |
| Subject Tags | Customs Union |
| Keywords | Common Customs Tariff |
| International Organisations | European Union [EU] |
