Regulation (EU) 2024/823 on exceptional trade measures for countries and territories participating in or linked to the Stabilisation and Association process (codification)

What it is

to adopt exceptional trade measures for countries and territories participating in or linked to the Stabilisation and Association Process (codification) PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure on an equal footing with the Council. BACKGROUND: in the interests of clarity and transparency of the law, the purpose of this proposal is to undertake a codification of Council Regulation (EC) No 1215/2009 introducing exceptional trade measures for countries and territories participating in or linked to the European Union's Stabilisation and Association process, which has been substantially amended several times. The new Regulation will supersede the various acts incorporated in it, without in any way detracting from their content, and will simply bring them together with only such formal amendments as are required by the codification exercise itself. The Committee on Legal Affairs adopted the report by Magdalena ADAMOWICZ (EPP, PL) on the proposal for a regulation of the European Parliament and of the Council on exceptional trade measures for countries and territories participating in or linked to the Stabilisation and Association process (codification). The committee responsible recommended that the European Parliament adopt its position at first reading by taking over the Commission proposal as adapted to the recommendations of the Consultative Working Party of the Legal Services of the European Parliament, the Council and the Commission. When examining the proposal for a regulation of the European Parliament and of the Council to codify Council Regulation (EC) No 1215/2009 of 30 November 2009 introducing exceptional trade measures for countries and territories participating in or linked to the European Union's Stabilisation and Association process, the group agreed that the proposal effectively confines itself to a straightforward codification of the existing texts, without any change in their substance. The European Parliament adopted by 582 votes to 5, with 18 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council on exceptional trade measures for countries and territories participating in or linked to the Stabilisation and Association process (codification). Parliament adopted its position at first reading taking over the Commission proposal according to the Consultative Working Party of the legal services of the European Parliament, the Council and the Commission. The proposal in question contains a straightforward codification of the existing texts without any change in their substance. Under the approved regulation, products originating in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia (the beneficiary parties) covered by Chapters 7 and 8 of the Combined Nomenclature should be admitted for import into the Union without quantitative restrictions or measures having equivalent effect, and with exemption from custom duties and charges having equivalent effect. The granting of autonomous trade…

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