THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 207(2) thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments,
Having regard to the opinion of the European Economic and Social Committee,
Acting in accordance with the ordinary legislative procedure,
Whereas:
(1)
Regulation (EEC) No 2843/72 of the Council has been substantially amended several times. In the interests of clarity and rationality, that Regulation should be codified.
(2)
An Agreement between the European Economic Community and the Republic of Iceland (‘the Agreement’) was signed in Brussels on 22 July 1972.
(3)
Detailed rules are necessary for implementing the safeguard clauses and precautionary measures provided for in Articles 23 to 28 of the Agreement.
(4)
The implementation of the bilateral safeguard clauses of the Agreement requires uniform conditions for the adoption of safeguard measures. Those measures should be adopted in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council.
(5)
The Commission should adopt immediately applicable implementing acts where, in duly justified cases relating to situations referred to in Articles 25, 25a and 27 of the Agreement or in the case of export aids that have a direct and immediate effect on trade, imperative grounds of urgency so require,
HAVE ADOPTED THIS REGULATION: