Division 1 For the purposes of Chapter III a vulnerable country means a country:

of which, in terms of value, the seven largest GSP sections of its imports into the Union of products listed in Annex IX represent more than the threshold of 75 % in value of its total imports of products listed in that Annex, as an average during the last three consecutive years;

and

of which the imports of products listed in Annex IX into the Union represent less than the threshold of F17,4 % in value of the total imports into the Union of products listed in that Annex originating in countries listed in Annex II, as an average during the last three consecutive years.