What Regulation (EU) No 654/2014 of the European Parliament and of the Council of 15 May 2014 concerning the exercise of the Union's rights for the application and enforcement of international trade rules requires
This Regulation lays down rules and procedures for the Union to exercise its rights to suspend or withdraw concessions or other obligations under international trade agreements (Article 1). It applies following WTO dispute adjudication, trade-agreement dispute settlement, and certain safeguard situations (Article 3). The Commission adopts commercial policy measures by implementing act under Article 4, which under Article 5 may include suspension of tariff concessions, increased customs duties, and restrictions on goods, services or public procurement, with measures suspended where the third country grants adequate compensation under Article 7.
Pillar: Trade Compliance & Export Controls · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0654
SHA-256 integrity: e55bb919d2e0b1ff45c2cb36527274d9da84c3b3246b6f9f42876dc01a862bf9
Primary Citations — 5 traced to source
- Regulation (EU) No 654/2014, Article 1 - Rules for the exercise of the Union's rights to suspend or withdraw concessions under trade agreements
- Regulation (EU) No 654/2014, Article 3 - Scope covering WTO dispute authorisation, trade-agreement dispute settlement and safeguard situations
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