(referred to in Article 11)

 

EXCHANGE OF AGRICULTURAL CONCESSIONS

 

 

Article 1

This Protocol shall apply to products that are specified in Chapter II of the Agreement.

 

Article 2

Customs duties on imports, applicable in the State of Israel to products originating in the Republic of Bulgaria, listed in Annex 1 to this Protocol, shall be reduced without quantitative limits or within the limits of quotas specified in this Annex to the level set out in this Annex from the date of application of this Agreement.

 

Article 3

Customs duties on imports applicable in the Republic of Bulgaria to products originating in the State of Israel, listed in Annex 2 to this Protocol, shall be reduced without quantitative limits or within the limits of quotas specified in this Annex to the level set out in this Annex from the date of application of this Agreement.

 

Article 4

1.             Basic duties, agreed under the Annexes of this Protocol are the Most-Favoured-Nation duty rates applied at the date of entering into force of this Agreement. For the products not included in the Annexes to this Protocol the MFN rate of duty at the moment of actual importation shall be applied. Customs duties referred to in this Protocol include ad valorem and specific customs duties.

2.             If, after entry into force of this Agreement, any tariff reductions are applied on an erga omnes basis, such reduced duties shall replace the basic duties referred to in paragraph 1 as from the date when such reductions are applied.

 

Article 5

For products listed in Annexes 1 and 2 to this Protocol subject to import licensing, licenses shall be issued without delays, in accordance with the internal regulations and procedures of each Party, up to the quantities specified therein.