COMMISSION REGULATION (EC) No 729/98 of 31 March 1998 amending Commission Regulation (EC) No 2577/97 concerning imports of certain textile products originating in the Russian Federation

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 517/94 of 7 March 1994 on common rules for imports of textile products from certain third countries not covered by bilateral agreements, protocols or other arrangements, or by other specific Community import rules (1), as last amended by Commission Regulation (EC) No 1457/97 (2), and in particular Article 12(2) in conjunction with Article 25(5) thereof,

Whereas the Agreement in the form of an Exchange of Letters between the European Community and the Russian Federation on trade in textile products initialled on 19 December 1995 expired on 31 December 1996 and whereas, pending the completion of negotiations directed towards the initialling of a new agreement with the Russian Federation, Commission Regulations (EC) No 2446/96 (3), (EC) No 562/97 (4), (EC) No 1025/97 (5) and (EC) No 2577/97 (6) were adopted in order to safeguard the economic interests of the Community in the further conduct of trade in textile products with that country;

Whereas a new textile agreement with the Russian Federation has been initialled on 28 March 1998; whereas this agreement provides for the elimination of any quantitative restriction in trade of textile products between the Parties as of 1 May 1998;

Whereas the measures introduced by Regulation (EC) No 2577/97 are applicable until 31 March 1998;

Whereas it is therefore necessary, given the sensitivity of the textiles and clothing sector, to maintain the present import regime for an additional period of one month starting on 1 April 1998 and to establish quantitative limits proportionately to the former limits;

Whereas the proposed measures are in accordance with the opinion of the Committee set up by Regulation (EC) No 517/94,

HAS ADOPTED THIS REGULATION:

Article 1

Regulation (EC) No 2577/97 is amended as follows:

1. In Article 7 the date '31 March 1998` shall be replaced by '30 April 1998`.

2. Annexes I and II shall be replaced by the Annex to this Regulation.

Article 2

This Regulation shall enter into force on 1 April 1998.

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

Done at Brussels, 31 March 1998.

For the Commission

Leon BRITTAN

Vice-President

(1) OJ L 67, 10. 3. 1994, p. 1.

(2) OJ L 199, 26. 7. 1997, p. 6.

(3) OJ L 333, 21. 12. 1996, p. 7.

(4) OJ L 85, 27. 3. 1997, p. 38.

(5) OJ L 150, 7. 6. 1997, p. 20.

(6) OJ L 350, 20. 12. 1997, p. 60.

ANNEX

'ANNEX I

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ANNEX II

OUTWARD PROCESSING TRAFFIC

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