implemented, a lower positive growth rate my bu decided upon after consul bation. with the cxp rting country or counti es conecrn.d. In exceptional cases where participating importing e.untries atve sail markuts, an excuptionally high level of imports and a correspondingly low level of domestic production and whers the implementation of the above growth rate vould cause dutage to thoas countric.. ' minimum viable production, a lower positive (rowth rate may be decided upon after consultation with the exporting country or countries concerned.
3.
Should the restraint measures remain in force for further periods, the Lovel for cach subsequent period shall not be lower than the level specified for the preceding twelvs-month period, increased by six per cent, unless there is further now evidence which demonstrates, in accordance with Annex A, that implcnentation of the above growth rate would nearbate the situation of market disruption. In these circumstances, after consultation with the exporting country concerned, and reference to the Textiles Surveillanc Fody in accordance with the procedures of Article 3 a lower positive growth rate may be applied.
4.
..
In the event any restriction or limitation is established under Article 3 or 4 on a product or products as to which a restriction or limitation had been proceed in accordance with the provisions of article 2, such subsequent restriction or limitation shall not be re-establish.d without full consideration of the limits of trade provided for under such suppressed restriction or limitation.
5.
Where restraint is exercised for more than one product the participating countries agree that, provided that the total exports subject to restraint do not exceed the aggregato level for all products so restrained (on the basis of a commen unil to be determined by the participating countries concerned), the agreed level for any one product my bu ezeceded by 7 per cent save in exceptionally ma sparingly used circunstances there a lower percentage may be justified in which case that lower percentage shall be not less than 5 per cont. Where restraints oro established for more years than one, tha cxtent to whic the total of the restraint level for one product or product group mny, after consultation between thỏ partico concerned, be exceeded in either year of any two subsequent yoers by carry formand and/or arryover is 10 per cent of which. cerry forward shall not represent more than 5 per cent.
b.
In the application of the restraint levels and growth rates specified in paragraphs 1 to 3 above, full account shall be taken of the provisions of Article 6.
No comments yet.
Private notes are available after approval.