in force 2021-02-13 MODIFIED+126 −3§
Amended by Regulation (EU) 2021/167 32021R0167
applies from: unchanged
The definition of "concessions or other obligations" in point (b) now describes tariff concessions or other obligations or benefits in the field of trade in goods or services, or concerning trade-related aspects of intellectual property rights, rather than tariff concessions or any other benefits generally.
Cited: Art. 2, v1 · Art. 2, v2
text before / after
02014R0654-20151105 → 02014R0654-20210213
Article 2
Definitions
For the purposes of this Regulation the following definitions apply:
(a) "country" means any State or separate customs territory;
(b) "concessions or other obligations" means tariff concessions or any other obligations or benefits in the field of trade in goods or services, or concerning trade-related aspects of intellectual property rights, that the Union has committed itself to applying in its trade with third countries by virtue of international trade agreements to which it is a party;
(c) "level of nullification or impairment" means the degree to which the benefits accruing to the Union under an international trade agreement are affected. Except as otherwise defined in the relevant agreement, it includes any adverse economic impact resulting from a third country measure;
(d) "mandatory price penalty" means an obligation on contracting authorities or entities conducting public procurement procedures to increase, subject to certain exceptions, the price of services and/or goods originating in certain third countries that have been offered in contract award procedures.