Amendment to Regulation (EU) 2020/760
This decision confirms that the European Parliament will not object to new rules implementing the EU-New Zealand free trade agreement. These changes are necessary to align existing regulations with the terms of the trade deal. The affected parties include businesses involved in importing and exporting agricultural products between the EU and New Zealand. Specifically, it impacts trade in products like milk powder, where tariff quotas are being adjusted. The core change involves updating the rules for administering import and export tariff quotas for agricultural products. This includes introducing new quotas and modifying existing ones to reflect the provisions of the free trade agreement. The delegated regulation needed to be amended before the free trade agreement entered into force, which was anticipated for May 1, 2024. The Parliament's non-objection allows these regulatory updates to proceed.
Analysis
The European Parliament declares that it has no objections to the Commission delegated regulation of 13 March 2024.
What changes
- Amendment of Commission Delegated Regulation (EU) 2020/760 to incorporate provisions related to the EU-New Zealand free trade agreement and to delete obsolete provisions concerning export tariff quotas for milk powder.
Expected impact
- The delegated act amends rules for the administration of import and export tariff quotas for agricultural products subject to licenses.
- The amendment to Delegated Regulation (EU) 2020/760 is required to align with the entry into force of the EU-New Zealand Free Trade Agreement.
- The EU-New Zealand Free Trade Agreement introduces new tariff rate quotas and amends existing WTO country-specific tariff rate quotas for products originating in New Zealand.
Limitations
- The specific details of the amendments to Commission Delegated Regulation (EU) 2020/760 beyond the introduction and amendment of tariff rate quotas are not fully detailed in this text.
- The exact nature of the 'obsolete provisions' deleted regarding export tariff quota for milk powder is not specified.
- The text does not provide an analysis of the economic or social impact of the new or amended tariff rate quotas.
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