Agreement On European Economic Area

| 0

The Parties shall exchange views and information on the implementation of this Agreement and the impact of integration on economic activities and the implementation of economic and monetary policy. In addition, they can discuss macroeconomic situations, policies and prospects. This exchange of opinions and information is not binding. in such a dispute, the EEA Joint Committee has not reached agreement on a solution within six months of the opening of these proceedings, or the Contracting Parties have not yet decided to request a decision from the Court of Justice of the European Communities, a Party may, in order to remedy any imbalance, give priority to the provisions of the agreements listed in Annex 3 before the provisions of this Protocol. in so far as they grant the EFTA States concerned more favourable trade arrangements than this Protocol. If the Competent Supervisory Authority finds that certain agreements are strictly similar in nature and effects to the abovementioned agreements, taking into account in particular that this paragraph applies to distributors, it shall also approve them if they are satisfied that they meet the same requirements. Each Party shall establish the procedure for granting the status of authorised economic operator and the legal effects of that status. The Parties shall ensure that their customs authorities verify that the authorised economic operator satisfies all the conditions and criteria for granting status and examine them in the event of a substantial change in the legislation concerned or in the event of new circumstances which lead the authorities to suspect that the economic operator no longer fulfils the conditions and criteria in question. 2. Loans for direct or indirect financing from an EC Member State or an EFTA State or its regional or local authorities may be granted or placed in other EC or EFTA Member States only if the States concerned have reached agreement on the matter.

The EFTA Court of Justice or the EFTA Surveillance Authority were not able to adopt the initial plan for the EEA, as the „EEA Tribunal“ (composed of five members of the European Court of Justice and three members from EFTA countries and which was to be functionally integrated into the ECJ)[75] and the European Commission should exercise these functions. However, during the negotiations on the EEA Agreement, the Court of Justice of the European Communities informed the Council of the European Union (Opinion 1/91) that the jurisdiction of the EEA Court in matters of EEA law would constitute a breach of the Treaties and that, therefore, the current regime has been developed. After negotiations on the Authority, the ECJ confirmed their legality in Opinion 1/92. (2) Decisions of the EEA Council are taken by common accord between the Community, of the one part, and the EFTA States, of the other part. However, under special conditions, taking into account in particular international agreements concluded with third countries, the obligation to be established in the customs territory of a Party may be waived for certain categories of authorised economic operators. In addition, each Contracting Party shall determine whether and under what conditions an airline or shipping company which is not established in its territory but which has a regional service there may benefit from this status. . . .