L 166/4 Official Journal of the European Union 28.6.2007 COUNCIL REGULATION (EC) No 729/2007 of 25 June 2007 amending Regulation (EC) No 1255/96 temporarily suspending the autonomous common customs tariff duties on certain industrial, agricultural and fishery products THE COUNCIL OF THE EUROPEAN UNION, in the Commission Communication concerning Having regard to the Treaty establishing the European Community, and in particular Article 26 thereof, Having regard to the proposal from the Commission, Whereas: () It is in the interest of the Community to suspend partially or totally the autonomous common customs tariff duties for a number of new products not listed in the Annex to Council Regulation (EC) No 1255/96 (). (2) A number of products should be withdrawn from the list in the Annex to Regulation (EC) No 1255/96 because it is no longer in the Community’s interest to maintain suspension of autonomous common customs tariff duties or because the description needs to be altered in order to take account of technical product developments and economic trends on the market. (3)  Accordingly, products whose description needs to be altered should be regarded as new products. (4)  The validity period of the measures should be limited in order to enable economic examinations of the individual suspensions in this period to be carried out. Experience has shown the need to provide for an expiry date for the suspensions listed in Regulation (EC) No 1255/96 to ensure that account is taken of technological and economic changes. This should not exclude the premature termination of certain measures or their conti- nuation beyond this period, if economic reasons are submitted, in accordance with the principles laid down autonomous tariff suspensions and quotas (?). (5)  Regulation (EC) No 1255/96 should therefore be amended accordingly. (6)  Having regard to the economic importance of this Regu- lation, it is necessary to rely on the grounds of urgency provided for in point 1.3 of the Protocol on the role of national parliaments in the European Union annexed to the Treaty on European Union and to the Treaties estab- lishing the European Communities. (7)  Since this Regulation is to apply from 1 July 2007, it should enter into force immediately, HAS ADOPTED THIS REGULATION: Article 1 The Annex to Regulation (EC) No 1255/96 is hereby amended as follows: 1. the products listed in Annex I to this Regulation, together with the corresponding rates of duty and validity periods, shall be inserted; 2. the products for which CN and TARIC codes are set out in Annex II to this Regulation, together with the corresponding rates of duty and validity periods, shall be deleted. Atrticle 2 This Regulation shall enter into force on the day of its publi- cation in the Official Journal of the European Union. It shall apply from 1 July 2007. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 25 June 2007. () OJ L 158, 29.6.1996, p. 1. Regulation as last amended by Regu- lation (EC) No 1897/2006 (O] L 395, 30.12.2006, p. 1). For the Council The President A. SCHAVAN () O] C 128, 25.4.1998, p. 2.