THE EU/DENMARK-FAROE ISLANDS JOINT COMMITTEE,
Having regard to the Agreement between the European Community, of the one part, and the Government of Denmark and the Home Government of the Faroe Islands, of the other part, and in particular Article 11 thereof,
Having regard to Protocol 3 to the Agreement between the European Community, of the one part, and the Government of Denmark and the Home Government of the Faroe Islands, of the other part, concerning the definition of the concept of ‘originating products’ and methods of administrative cooperation,
Whereas:
(1)
Article 11 of the Agreement between the European Community, of the one part, and the Government of Denmark and the Home Government of the Faroe Islands, of the other part (‘the Agreement’) refers to Protocol 3 to the Agreement (‘Protocol 3’) which lays down the rules of origin and provides for cumulation of origin between the European Union, the Faroe Islands and other Contracting Parties to the Regional Convention on pan-Euro-Mediterranean preferential rules of origin (‘the Convention’).
(2)
Article 39 of Protocol 3 provides that the Joint Committee established by Article 31 of the Agreement may decide to amend the provisions of the Protocol.
(3)
The Convention aims to replace the protocols on rules of origin currently in force among the countries of the pan-Euro-Mediterranean area with a single legal act.
(4)
The European Union and the Kingdom of Denmark in respect of the Faroe Islands signed the Convention on 15 June 2011.
(5)
The European Union and the Kingdom of Denmark in respect of the Faroe Islands deposited their instruments of acceptance with the depositary of the Convention on 26 March 2012 and 9 September 2013 respectively. Consequently, in application of Article 10(3) of the Convention, the Convention entered into force in relation to the European Union and the Faroe Islands on 1 May 2012 and on 1 November 2013 respectively.
(6)
Protocol 3 should therefore be replaced by a new protocol making reference to the Convention.
HAS ADOPTED THIS DECISION: