Version in force , Modified +18 −7§
Amended by Regulation (EU) 2021/167 32021R0167 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
In point (b), the reference to the treatment accorded to goods from the Union has been expanded to also cover services from the Union.
Cited: Art. 1, v1 (external, EUR-Lex) · Art. 1, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 5 November 2015 02014R0654-20151105 → this version, in force 13 February 2021 02014R0654-20210213
Article 1
Subject matter
This Regulation lays down rules and procedures to ensure an effective and timely exercise of the Union's rights to suspend or withdraw concessions or other obligations under international trade agreements, with the intention of:
(a) responding to breaches by third countries of international trade rules which affect the Union's interests, with a view to seeking a satisfactory solution that restores benefits for the Union's economic operators;
(b) rebalancing concessions or other obligations in the trade relations with third countries, when the treatment accorded to goods or services from the Union is altered in a way that affects the Union's Union’s interests.