Home Europe European Union Additional Protocol to the Agreement between the European Ec...
Date: 8-Oct-2024 Category: Not Applicable State: Union Government Country: Europe

Additional Protocol to the Agreement between the European Economic Community and the Republic of Iceland

Issued by European Union · Iceland

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The document is an Additional Protocol to the Agreement between the European Economic Community and the Republic of Iceland, specifically concerning special provisions for imports of certain fish and fishery products into the European Union from Iceland. It establishes duty-free tariff quotas for these products.

Key Changes

  • The protocol establishes annual duty-free tariff quotas for specific fish and fishery products originating in Iceland, as detailed in the Annex.
  • These tariff quotas are applicable from the date of provisional application of the Protocol until 30 April 2028.
  • The tariff quotas will be allocated annually from 1 May to 30 April, starting from 1 May 2024.
  • The volumes of the tariff quotas are specified in the Annex to the Protocol.
  • Unused tariff quota volumes can be carried over for up to two years following the end of the period referred to in Article 1, under certain conditions.
  • The rules of origin for the tariff quotas are defined in Protocol 3 to the Agreement between the European Economic Community and Iceland signed on 22 July 1972.
  • Specific annual tariff quotas are defined for various fish products, including frozen herrings (400 tonnes), frozen Norway lobsters (100 tonnes), fresh or chilled fillets of redfish (2,500 tonnes), and preparations of cod and other fish (2,000 tonnes), among others.

Impact Analysis

Icelandic Fishing Industry

  • Action Item: Icelandic fishing companies should review the specific tariff quotas and adjust production and export strategies to maximize benefits.

European Union Fish Processing Industry

  • Action Item: EU fish processing companies should assess the impact on their competitiveness and explore opportunities to source raw materials from Iceland under the tariff quotas.

European Union Consumers

  • Action Item: Monitor price and availability of fish products in the EU market.

Government Agencies (EU and Iceland)

  • Action Item: Customs and trade authorities in both the EU and Iceland must establish procedures for managing the tariff quotas and verifying the origin of goods.

Key Entities Referenced

European Union: One of the parties to the agreement, responsible for implementing the tariff quotas for imports of fish and fishery products from Iceland. Republic of Iceland: One of the parties to the agreement, benefiting from duty-free access to the EU market for specified fish and fishery products. European Economic Community: The original entity that signed the initial agreement with Iceland in 1972, now succeeded by the European Union. Agreement between the European Economic Community and the Republic of Iceland (1972): The foundational agreement upon which this protocol is based. Protocol 3 to the Agreement between the European Economic Community and Iceland: Defines the rules of origin applicable for the tariff quotas.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2024/2601 8.10.2024 ADDITIONAL PROTOCOL TO THE AGREEMENT BETWEEN THE EUROPEAN ECONOMIC COMMUNITY AND THE REPUBLIC OF ICELAND THE EUROPEAN UNION and ICELAND HAVING REGARD to the Agreement between the European Economic Community and the Republic of Iceland signed on 22 July 1972, and to the existing arrangements for trade in fish and fishery products between Iceland and the Community, HAVING REGARD to the Additional Protocol to the Agreement between the European Economic Community and Iceland concerning special provisions applicable for the period 2014–2021 to imports into the Union of certain fish and fishery products, and in particular Article 1 thereof, HAVE DECIDED TO CONCLUDE THIS PROTOCOL: Article 1 1. The special provisions applicable to imports into the European Union of certain fish and fishery products originating in Iceland are laid down in this Protocol and the Annex hereto. The annual duty free tariff quotas are set out in the Annex to this Protocol. These tariff quotas shall be applicable from the day on which the provisional application of this Protocol becomes effective, according to procedures laid down in paragraph 3 of Article 4, until 30 April 2028. 2. At the end of this period, the Contracting Parties will assess the need to maintain the special provisions referred to in paragraph 1 and, if necessary, review the quota levels while taking into account all relevant interests. Article 2 1. The tariff quotas shall be opened on the day on which the provisional application of this Protocol becomes effective, according to procedures laid down in paragraph 3 of Article 4. 2. The volumes of the tariff quotas are set out in the Annex to this Protocol. The first tariff quota shall be available from the date of provisional application of this Protocol until 30 April 2024. From 1 May 2024 onwards, subsequent tariff quotas shall be allocated annually from 1 May to 30 April until the end of the period referred to in Article 1 of this Protocol. 3. The tariff quota volumes covering the period from 1 May 2021 until the provisional application this Protocol shall be proportionally allocated and made available for the rest of the period referred to in Article 1 of this Protocol. 4. In case tariff quotas referred to in Article 1 are not exhausted during the period referred to in Article 1, and in case a subsequent protocol establishing duty-free tariff quotas for the same products is not provisionally applied, imports from Iceland can be made for the remaining accumulated quota volume of those tariff quotas for up to two years following the end of the period referred to in Article 1, but not longer than provisional application of a subsequent protocol establishing duty-free tariff quotas for the same products. Article 3 The rules of origin applicable for the tariff quotas listed in the Annex to this Protocol shall be those set out in Protocol 3 to the Agreement between the European Economic Community and Iceland signed on 22 July 1972. Article 4 1. This Protocol shall be ratified or approved by the Parties in accordance with their own procedures. The instruments of ratification or approval shall be deposited with the General Secretariat of the Council of the European Union. 2. It shall enter into force on the first day of the second month after the last instrument of ratification or approval has been deposited. 3. Pending the completion of the procedures referred to in paragraphs 1 and 2, this Protocol shall be applied on a provisional basis from the first day of the third month following the deposit of the last notification to this effect. ELI: http://data.europa.eu/eli/prot/2024/2601/oj 1/6EN OJ L, 8.10.2024 Article 5 This Protocol, drawn up in a single original, in the Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Irish, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish, Swedish and Icelandic languages, the text in each of these texts being equally authentic, shall be deposited with the General Secretariat of the Council of the European Union, which will remit a certified copy to each of the Parties. 2/6 ELI: http://data.europa.eu/eli/prot/2024/2601/ojEN OJ L, 8.10.2024 ELI: http://data.europa.eu/eli/prot/2024/2601/oj 3/6EN OJ L, 8.10.2024 ANNEX SPECIAL PROVISIONS REFERRED TO IN ARTICLE 1 OF THE PROTOCOL In addition to the existing permanent duty free tariff quotas, the European Union shall open the following annual duty free tariff quotas for products originating in Iceland: Annual (1.5-30.4) tariff CN code Description of products quota volume in net weight unless otherwise specified (1) 0303 51 00 Frozen herrings ‘Clupea harengus, Clupea pallasii’ (2) 400 tonnes 0306 15 00 Frozen Norway lobsters ‘Nephrops norvegicus’, even smoked, whether in 100 tonnes shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water 0304 49 50 Fresh or chilled fillets of redfish ‘Sebastes spp.’ 2 500 tonnes 1604 19 92 Preparations of cod and other fish 2 000 tonnes 1604 20 90 Fresh or chilled 5 500 tonnes 0302 23 00 Sole (Solea spp.) 0302 24 00 Turbots (Psetta maxima) 0302 29 Megrim (Lepidorhombus spp.) and other flat fish, excluding fish fillets and other fish meat Ex 0302 59 90 Fish of the families Bregmacerotidae, Euchlichthyidae, Gadidae, Macro- uridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae 0302 82 00 Rays and skates (Rajidae) 0302 89 50 Monkfish (Lophius spp.) 0302 89 90 Other fresh or chilled fish, n.e.s. 0303 32 00 Frozen plaice (Pleuronectes platessa) 0303 39 85 Frozen flatfish Ex 0303 59 90 Frozen Indian mackerels, ‘Rastrelliger spp.’ Ex 0303 69 90 Frozen fish of the families Bregmacerotidae, Euchlichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepidi- dae 0303 82 00 Frozen rays and skates (Rajidae) 0303 89 90 Frozen fish, n.e.s. 0303 99 00 Frozen fish fins, heads, tails, maws and other edible fish offal 0304 43 00 Fresh or chilled fillets of flat fish (Pleuronectidae, Bothidae, Cynoglossi- dae, Soleidae, Scophthalmidae and Citharidae) (1) Quantities shall be added in accordance with Article 2 paragraph 3 of this Protocol. (2) The benefit of the tariff quota shall not be granted to goods declared for release for free circulation during the period 15 February to 15 June. 4/6 ELI: http://data.europa.eu/eli/prot/2024/2601/ojEN OJ L, 8.10.2024 Annual (1.5-30.4) tariff CN code Description of products quota volume in net weight unless otherwise specified (3) Ex 0304 44 90 Fresh or chilled fillets of fish of the families Bregmacerotdae, Euchlichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae 0304 46 Fresh or chilled fillets of toothfish 0304 49 10 Fresh or chilled fillets of freshwater fish 0304 49 90 Fresh or chilled fillets of other fish, n.e.s. 0304 95 10 Frozen surimi 0305 39 10 Fillets of salmon salted or in brine, but not smoked 50 tonnes 0305 42 00 Smoked herring 0305 69 50 Salmon only salted or in brine 0305 41 00 Smoked salmon, including fillets 0305 72 00 Fish heads, tails and maws, smoked, dried, salted or in brine 1 950 tonnes 0305 79 00 Fish fins and other edible fish offal, smoked, dried, salted or in brine 0305 43 00 Smoked trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster) 0305 49 80 Other smoked fish 1604 11 00 Prepared or preserved salmon, whole or in pieces (excl. minced) 1604 20 10 1605 61 00 Prepared or preserved sea cucumbers 1605 62 00 Prepared or preserved sea urchins 0302 22 00 Fresh or chilled plaice (‘Pleuronectes platessa’) 2 500 tonnes 0302 59 20 Fresh or chilled whiting (‘Merlangius merlangus’) 0304 49 10 Fresh or chilled fillets of freshwater fish, n.e.s. 0304 52 00 Fresh or chilled meat, whether or not minced, of Salmonidae 0304 89 10 Frozen fillets of freshwater fish, n.e.s. 0305 69 80 Other fish, only salted or in brine (3) Quantities shall be added in accordance with Article 2 paragraph 3 of this Protocol. ELI: http://data.europa.eu/eli/prot/2024/2601/oj 5/6EN OJ L, 8.10.2024 Annual (1.5-30.4) tariff CN code Description of products quota volume in net weight unless otherwise specified (4) 0304 82 10 Frozen fillets of trout ‘Salmo trutta, Oncorhynchus mykiss, Oncorhynchus aguabonita, Oncorhynchus gilae’ 0304 82 90 0302 59 40 Fresh or chilled ling ‘Molva spp.’ 0305 53 90 Dried fish of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepidi- dae, other than cod 0303 14 20 Frozen trout ‘Oncorhynchus mykiss’, with heads and gills on, gutted 0303 14 90 0304 82 10 Frozen trout ‘Salmo trutta, Oncorhynchus mykiss, Oncorhynchus’, frozen fillets of trout ‘Oncorhynchus mykiss’, weighing > 400 grammes each 0302 14 00 Fresh or chilled Atlantic salmon ‘Salmo salar’ and Danube salmon 0303 13 00 Frozen Atlantic salmon ‘Salmo salar’ and Danube salmon ‘Hucho hucho’ 0304 41 00 Fresh or chilled fillets of Pacific salmon ‘Oncorhynchus nerka, Oncor- hynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncor- hynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho)’ 0304 81 00 Frozen fillets of Pacific salmon ‘Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho)’ (4) Quantities shall be added in accordance with Article 2 paragraph 3 of this Protocol. 6/6 ELI: http://data.europa.eu/eli/prot/2024/2601/oj

Continue your research