No L §9/14 Official Journal of the European Communities 27. 2. 85 COUNCIL REGULATION (EEC) No 483/85 of 26 February 1985 amending Regulation (EEC) No 349/84 suspending tariff concessions and increasing duties under the Common Customs Tariff with regard to certain products originating in the United States of America and establishing quantita- tive restrictions with regard. to other products originating in that country " THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 113 thereof, Having regard to the proposal from the Commission, Whereas, by Regulation (EEC) No 349/84 ('), as amended by Regulation (EEC) No 1346/84 (3, the Council increased customs duties and established quantitative restrictions for imports of certain products originating in the United States of America to compensate, in accordance with Article XIX (3) (a) of the General Agreement on Tariffs and Trade, for the unilateral measures taken by the United States of America regarding the import of certain steel products; Whereas the re-examination: of these measures undertaken by the United States of America after their first year of application has not led to their being repealed ; whereas, under these circumstances, the Community remains free to suspend the application to the trade of the United States of America of substantially equivalent concessions or other obli- gations under the General Agreement; Whereas the compensatory measures in respect of the United States of America should therefore be extended for the period 1 March 1985 to 28 February 1986 ; Whereas it is nevertheless necessary to adjust the level of compensation to take account of the degressive nature of the United States’ measures and of the special increase in the quota by. the United States of America during the year; whereas, the quotas being expressed in ECU, allowance should be made for changes in the exchange rate between the ECU and the United States dollar since the entry into force of the measures, HAS ADOPTED THIS REGULATION : Article 1 Atticle 1 of Regulation (EEC) No 349/84 is hereby replaced by the following: ‘Article 1 1. The Annex “Common Customs Tariff” to Council Regulation (EEC) No 950/68 ('), as last amended by Regulation (EEC) No 3400/84 (%), is hereby amended as follows : () OJ No L 40, 11. 2. 1984, p. 1. () OJ No L 131, 17. 5. 1984, p. 1.