Article 14

The tariff preferences referred to in Articles 7 and 8 shall be removed in respect of products originating in a beneficiary country of a section, when the average value of Community imports from that country of products included in the section concerned and covered by the arrangement enjoyed by that country exceeds 15 % of the value of Community imports of the same products from all countries and territories listed in Annex I over three consecutive years, on the basis of the most recent data available on 1 September 2004. For each of the sections XI(a) and XI(b) the threshold shall be 12,5 %.

The sections removed in accordance with paragraph 1 are listed in Annex I, column C.

The removal of sections from this scheme shall apply as from 1 January 2006 until 31 December 2008.

The Commission shall notify a beneficiary country of the removal of a section.

Paragraph 1 does not apply to a beneficiary country in respect of any section which represents more than 50 % in value of all GSP-covered imports to the Community originating from the country in question.

The statistical source used for the purpose of this Article shall be the COMEXT statistics.