31975R1295

No L 132 / 32 Official Journal of the European Communities 23 . 5 . 75

REGULATION ( EEC ) No 1295 / 75 OF THE COMMISSION of 22 May 1975 subjecting to authorization imports into the Federal Republic of Germany and the Benelux countries of synthetic socks originating in the Republic of Korea

THE COMMISSION OF THE EUROPEAN million pairs in the Benelux countries, and whereas in COMMUNITIES , the absence of immediate protective measures this aggravation of the damage already caused to Commu­ Having regard to the Treaty establishing the European nity producers would make it difficult to repair ; Economic Community ; Whereas in these highly unusual and critical circum­ Having regard to Council Regulation ( EEC) No stances, it is necessary that immediate action be taken 1439 /74 (') of 4 June 1974 on common rules for to safeguard the interests of the Community, these imports , and in particular Article 12 thereof ; measures to consist of the introduction of temporary Having consulted the Advisory Committee set up limitation of imports , in accordance with the provi­ under Article 5 of the said Regulation ; sions of the Arrangement Regarding International Trade in Textiles, account being taken , however, of Whereas imports of synthetic socks corresponding to the interests of Korea, especially in regard " to its stage Nimexe positions 60.03.25 and 60.03.27 , originating of development and the importance of the textiles in the Republic of Korea , have increased sharply and sector to the economy of that country ; substantially in the last few years ; Whereas this development has manifested itself princi­ Whereas the concentration of imports of the products pally on the German and Benelux markets , with the concerned on the German and Benelux markets justi­ result that imports have increased from 9 million fies the limitation , for the moment , of the application pairs in 1971 to about 40 million pairs in 1974 in of these safeguard measures to imports into those Germany, and from 3-9 million pairs in 1971 to more regions of the Community ; than 10 million pairs in 1974 in the Benelux coun­ tries ; Whereas these measures shall not prejudice the result of the consultations and negotiations which , in accor­ Whereas these products are offered for sale on the dance with the said Arrangement , are at the moment markets principally affected at prices which are taking place between the European Economic substantially below those prevailing for similar goods Community and the Republic of Korea , and whereas produced by Community producers ; they may be adapted , having regard to the results of these negotiations , Whereas according to the information available to the Commission , these imports already represented at the end of 1974 a market share of approximately 20 % in Germany and the Benelux countries ; HAS ADOPTED THIS REGULATION :

Whereas this development has been carried out to the detriment of the Community industry , whose produc­ A ) tick 1 tion has fallen considerably over the last few years and whereas more than 30 factories have had to cease The importation into the Federal Republic of production of these products with resultant unemploy­ Germany and the Benelux countries of stockings, ment, transfers and reduction of working hours for other than women 's, under-stockings, socks and ankle several thousand employees ; socks , sockettes and the like , knitted or crocheted , not elastic nor rubberized , of synthetic fibres , corres­ Whereas all these factors have caused market disrup­ ponding to Nimexe positions 60.03.25 and 60.03.27, tion and have caused serious damage to the Commu­ originating in the Republic of Korea , is hereby made nity producers ; subject to the presentation of an import authorization Whereas a further sharp and substantial increase in issued by the competent authorities of the importing imports of these products may be considered to be country . imminent in view of the fact that import documents have been issued or endorsed , in accordance with the The total quantity of the products for which import Community surveillance procedure established by authorizations shall be issued during a period of six Regulation ( EEC ) No 2967 / 74 for the last three months commencing on the date of entry into force months for which results are available for quantities of this Regulation shall not exceed the following amounts : exceeding I <S million pairs in Germany and 12 Germany : IS million pairs (') O J No I. 1 <59 , | v 1974, p . I. O OJ No I. ì 1 6 , 26 . 1 ! . 1974 , p . 7 . Benelux : 5-3 million pairs .

23 . 5 . 75 No L 132/ 33 Official Journal of the European Communities

Article 2 2. It shall apply up to the entry into force of appro­ priate measures to be taken by the Council in accor­ dance with Article 12, paragraph 6 and Article 13 of 1 . This Regulation shall enter into force on the day Regulation ( EEC) No 1439 / 74 and at the latest until following its publication in the Official Journal of the expiry of a period of six weeks after its entry into the European Communities. force .

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels , 22 May 1975 .

For the Commission The President

Francois-Xavier ORTOLI