Common use of Structural Adjustment Clause in Contracts

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by Turkey and Estonia in the form of increased customs duties. 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. 3. Customs duties on imports applicable in Turkey or Estonia to products originating in the other Party introduced by these measures may not exceed 25 per cent ad valorem and shall maintain an element of preference for products originating in the other Party. The total value of imports of the products which are subject to these measures may not exceed 15 per cent of total imports of industrial products from the other Party as defined in Article 3, during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding two years unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the latest by the end of the second year from the date of entry into force of the Agreement. 5. No such measure can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. 6. Turkey and Estonia shall inform the Joint Committee of any exceptional measures they intend to take and, at the request of either Party, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. The Joint Committee may decide on a different schedule.

Structural Adjustment. 1. Exceptional measures of limited duration which derogate from the provisions of Article 4 may be taken by Turkey and Estonia in the form of increased customs duties. . 2. These measures may only concern infant industries, or certain sectors undergoing restructuring or facing serious difficulties, particularly where these difficulties produce important social problems. . 3. Customs duties on imports applicable in Turkey or Estonia to products originating in the other Party introduced by these measures may not exceed 25 per cent ad valorem and shall maintain an element of preference for products originating in the other Party. The total value of imports of the products which are subject to these measures may not exceed 15 per cent of total imports of industrial products from the other Party as defined in Article 3, during the last year for which statistics are available. 4. These measures shall be applied for a period not exceeding two years unless a longer duration is authorized by the Joint Committee. They shall cease to apply at the latest by the end of the second year from the date of entry into force of the Agreement. . 5. No such measure can be introduced in respect of a product if more than three years have elapsed since the elimination of all duties and quantitative restrictions or charges or measures having an equivalent effect concerning that product. . 6. Turkey and Estonia shall inform the Joint Committee of any exceptional measures they intend to take and, at the request of either Party, consultations shall be held in the Joint Committee on such measures and the sectors to which they apply before they are applied. When taking such measures the Party concerned shall provide the Joint Committee with a schedule for the elimination of the customs duties introduced under this Article. The Joint Committee may decide on a different schedule.