6.12.2011

EN

Official Journal of the European Union

L 322/1

(1)

The European Community and the Russian Federation signed an agreement on trade in certain steel products on 26 October 2007 (2) (the Agreement).

(2)

Article 3(3) of the Agreement provides that unused quantities for a given year may be carried over to the following year up to a maximum of 7 % of the relevant quantitative limit set out in Annex II to the Agreement.

(3)

Pursuant to Article 3(4) of the Agreement transfers between product groups may be made up to 7 % of the quantitative limit of a given product group.

(4)

Russia has notified the European Union of its intent to make use of the provisions in Article 3(3) and (4) within the time limits set by the Agreement. It is appropriate to make the necessary adjustments to the quantitative limits for the year 2011 resulting from Russia‘檚 request.

(5)

Article 10 of the Agreement stipulates that with each yearly renewal, quantities in every product group shall be increased by 2,5 %.

(6)

Regulation (EC) No 1342/2007 should be amended accordingly,