Common use of Determination of equivalence Clause in Contracts

Determination of equivalence. 1. Equivalence may be determined for an individual measure, groups of measures, or systems related to a certain commodity or categories of commodities. 2. The consideration of equivalence by the importing Party upon request of the exporting Party for recognition of its measures shall not be a reason to disrupt trade or suspend ongoing imports from the exporting Party. 3. Within a reasonable period of time after conclusion of its assessment, the importing Party shall notify the exporting Party in writing about the equivalence determination. The importing Party shall implement the measure within a reasonable period of time. If an equivalence determination does not result in recognition by the importing Party, the importing Party shall provide the exporting Party with the rationale for its decision. 4. The decision of recognition, non-recognition, withdrawal or suspension of equivalence rests solely with the importing Party acting in accordance with its administrative and legislative framework taking into account the guidelines, standards, and recommendations of the WOAH, IPPC and the Codex Alimentarius. 5. If the importing Party formally recognises equivalence, it shall promptly adopt measures to give effect to the equivalence and enable trade between the Parties.

Appears in 2 contracts

Sources: Trade and Economic Partnership Agreement, Trade and Economic Partnership Agreement