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COMMISSION REGULATION (EEC) No 1531/86

of 21 May 1986

re-establishing the levying of customs duties applicable to alkyds and other polyesters, in one of the forms mentioned in Note 3 (d) to Chapter 39; other, falling within subheading 39.01 C III ex a), originating in South Korea, to which the preferential tariff arrangements set out in Council Regulation (EEC) No 3599/85 apply

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community,

Having regard to Council Regulation (EEC) No 3599/85 of 17 December 1985 applying generalized tariff preferences for 1986 in respect of certain industrial products originating in developing countries (1), and in particular Article 13 thereof,

Whereas, pursuant to Article 1 of that Regulation, duties on the products listed in Annex II originating in each of the countries or territories listed in Annex III shall be totally suspended and the products as such shall, as a general rule, be subject to statistical surveillance every three months on the reference base referred to in Article 12;

Whereas, as provided for in Article 12, where the increase of preferential imports of these products, originating in one or more beneficiary countries, causes, or threatens to cause, economic difficulties in the Community or in a region of the Community, the levying of customs duties may be re-established, once the Commission has had an appropriate exchange of information with the Member States; whereas for this purpose the reference base to be considered shall be, as a general rule, 165 % of the highest maximum amount valid for 1980;

Whereas, in the case of alkyds and other polyesters, in one of the forms mentioned in Note 3 (d) to Chapter 39; other, falling within subheading 39.01 C III ex a) the individual ceiling was fixed at 81 800 ECU; whereas, on 16 May 1986, imports of these products into the Community, originating in South Korea, reached the ceiling in question after being charged thereagainst; whereas the exchange of information organized by the Commission has demonstrated that continuance of the preference threatens to cause economic difficulties in a region of the Community;

Whereas it is appropriate to re-establishish the levying of customs duties in respect of the products in question against South Korea,

HAS ADOPTED THIS REGULATION:

Article 1

As from 25 May 1986, the levying of customs duties, suspended pursuant to Council Regulation (EEC) No 3599/85, shall be re-established on imports into the Community of the following products originating in South Korea:

1.2 // // // CCT heading No // Description // // // 39.01 C III ex a) (NIMEXE code 39.01-49) // Alkyds and other polyesters, in one of the forms mentioned in Note 3 (d) to Chapter 39; other // //

Article 2

This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 21 May 1986.

For the Commission

COCKFIELD

Vice-President

(1) OJ No L 352, 30. 12. 1985, p. 1.