14. 5. 97 Official Journal of the European Communities No L 122/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 847/97 of 12 May 1997 amending Annexes II and III to Regulation (EC) No 519/94 on common rules for imports from certain third countries THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 113 thereof, Having regard to the proposal from the Commission, Whereas Regulation (EC) No 519/94 ('), introduced, in respect of the People’s Republic of China, the quotas listed in Annex II to that Regulation and surveillance measures listed in Annex III thereto; Whereas the Council’s objective in establishing the quotas was to strike a balance between an appropriate level of protection for the Community industries concerned and maintenance of an acceptable level of trade with China, taking into account the various interests in play; Whereas analysis of the main economic indicators, in particular the volume and market share of Chinese imports, leads to the conclusion that the quota on glass tableware falling within HS/CN code 7013 should be abolished as from 1 January 1998 and that such abolition would be neither inconsistent with the above objective nor liable to disrupt the Community market; Whereas the products in respect of which the quota is abolished by this Regulation should, however, be subject to prior Community surveillance, in order to ensure adequate monitoring of the volume and prices of the imports of the products concerned; Whereas the quota on toys falling within HS/CN codes 9503 41, 9503 49 and 9503 90 includes parts and access- ories of toys; whereas, in light of the experience of the () OJ No L 67, 10. 03. 1994, p. 89. Regulation as last amended by Regulation (EC) No 1897/96 (O] No L 250, 2. 10. 1996, p. 1). Community producers, the effects of this inclusion go beyond what is necessary for the appropriate protection of the Community industry concerned; whereas parts and accessories of toys should therefore be excluded from the quota; Whereas it is no longer considered necessary to maintain surveillance measures on a range of products of which the imports in 1995 were negligible or lower than in 1994; whereas they should be removed from the list of products subject to surveillance measures; Whereas the quantitative quotas and the surveillance measures introduced pursuant to Regulation (EC) No 515/94 should therefore be amended, HAS ADOPTED THIS REGULATION: Article 1 Annexes II and III to Regulation (EC) No 519/94 shall be replaced by the Annexes which appear in Annexes I and II to this Regulation respectively, until 31 December 1997. Article 2 As from 1 January 1998, Annexes II and III to Regulation (EC) No 519/94 shall be replaced by the Annexes which appear in Annexes IIl and IV to this Regulation respect- ively. Article 3 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.