Date: 17-May-2024Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2024/1334 of 22 April 2024 on the conclusion, on behalf of the Union, of the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic amending the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic pursuant to Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on all the tariff-rate quotas included in the EU Schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the European Union
The Council Decision (EU) 2024/1334 approves, on behalf of the European Union, the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic. This agreement amends a previous agreement relating to tariff-rate quotas following the United Kingdom's withdrawal from the European Union.
Key Changes
The decision approves the agreement which modifies concessions on tariff-rate quotas included in the EU Schedule CLXXV of the General Agreement on Tariffs and Trade (GATT) 1994.
The agreement adjusts the volume of two tariff-rate quotas between the EU and Argentina.
The agreement apportions tariff-rate quotas as a consequence of the United Kingdom’s withdrawal from the European Union, pursuant to Article XXVIII of GATT 1994.
The Council authorized the signing of the Agreement on 4 December 2023, and the European Parliament gave its consent on 10 April 2024.
Impact Analysis
Stakeholders: European Union
Action Items: The President of the Council must provide notification as stipulated in the Agreement.
Stakeholders: Argentine Republic
Action Items: Monitor the updated tariff-rate quotas and adjust export strategies accordingly.
Stakeholders: Businesses involved in EU-Argentina Trade
Action Items: Review existing trade agreements and contracts to account for the updated tariff-rate quotas. Engage with relevant authorities to understand the specific implications for their products.
Key Entities Referenced
European Union: One of the parties in the Agreement, responsible for setting and managing trade policies and agreements.
Argentine Republic: One of the parties in the Agreement, whose trade relationship with the EU is affected by the adjusted tariff-rate quotas.
Council of the European Union: The EU body that adopted the decision to approve the Agreement.
European Commission: The EU body that proposed the decision to the Council.
European Parliament: The EU body that provided consent to the decision.
General Agreement on Tariffs and Trade (GATT) 1994: An international agreement governing trade relations, specifically Article XXVIII which pertains to the modification of concessions.
United Kingdom: The UK's withdrawal from the EU necessitated the adjustment of tariff-rate quotas.
Council Decision (EU) 2023/2216: Council Decision (EU) 2023/2216 of 16 October 2023 on the signing, on behalf of the Union, of the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic amending the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic pursuant to Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on all the tariff-rate quotas included in the EU Schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the European Union
Official Journal EN
of the European Union L series
2024/1334 17.5.2024
COUNCIL DECISION (EU) 2024/1334
of 25 September 2023
on the conclusion, on behalf of the Union, of the Agreement in the form of an Exchange of Letters
between the European Union and the Argentine Republic amending the Agreement in the form of an
Exchange of Letters between the European Union and the Argentine Republic pursuant to Article
XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of
concessions on all the tariff-rate quotas included in the EU Schedule CLXXV as a consequence of the
United Kingdom’s withdrawal from the European Union
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 207(4), first subparagraph,
in conjunction with Article 218(6), second subparagraph, point (a)(v) thereof,
Having regard to the proposal from the European Commission,
Having regard to the consent of the European Parliament (1),
Whereas:
(1) In accordance with Council Decision (EU) 2023/2216 (2) the Agreement in the form of an Exchange of Letters
between the European Union and the Argentine Republic amending the Agreement in the form of an Exchange of
Letters between the European Union and the Argentine Republic pursuant to Article XXVIII of the General
Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on all the tariff-rate quotas
included in the EU Schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the Union (the
‘Agreement’) was signed on behalf of the Union on 4 December 2023, subject to its conclusion at a later date.
(2) The objective of the Agreement is to amend the Agreement between the Union and the Argentine Republic (3) signed
on 10 May 2021 in relation of the volume of two tariff-rate quotas and provide for the apportionment of the
tariff-rate quotas included in the EU Schedule CLXXV of the General Agreement on Tariffs and Trade (GATT) 1994 as
a consequence of the United Kingdom’s withdrawal from the Union, pursuant to Article XXVIII of GATT 1994.
(3) The Agreement should be approved on behalf of the European Union,
HAS ADOPTED THIS DECISION:
Article 1
The Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic amending
the Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic pursuant to
Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on
all the tariff-rate quotas included in the EU Schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the
European Union is hereby approved on behalf of the Union (4).
(1) Consent of 10 April 2024.
(2) Council Decision (EU) 2023/2216 of 16 October 2023 on the signing, on behalf of the Union, of the Agreement in the form of an
Exchange of Letters between the European Union and the Argentine Republic amending the Agreement in the form of an Exchange
of Letters between the European Union and the Argentine Republic pursuant to Article XXVIII of the General Agreement on Tariffs
and Trade (GATT) 1994 relating to the modification of concessions on all the tariff-rate quotas included in the EU Schedule CLXXV
as a consequence of the United Kingdom’s withdrawal from the European Union (OJ L, 2023/2216, 18.10.2023, ELI: http://data.
europa.eu/eli/dec/2023/2216/oj).
(3) Agreement in the form of an Exchange of Letters between the European Union and the Argentine Republic pursuant to Article
XXVIII of the general agreement on tariffs and trade (GATT) 1994 relating to the modification of concessions on all the tariff rate
quotas included in the EU schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the European Union (OJ
L 264, 26.7.2021, p. 3).
(4) The text of the Agreement is published in OJ L, 2024/1326, 17.5.2024, ELI: http://data.europa.eu/agree_internal/2024/1326/oj.
ELI: http://data.europa.eu/eli/dec/2024/1334/oj 1/2EN
OJ L, 17.5.2024
Article 2
The President of the Council shall, on behalf of the Union, give the notification provided for in the Agreement.
Article 3
This Decision shall enter into force on the date of its adoption.
Done at Luxembourg, 25 September 2023.
For the Council
The President
J. BORRELL FONTELLES
2/2 ELI: http://data.europa.eu/eli/dec/2024/1334/oj