No L 29/12 Official Journal of the European Communities 4. 2. 86 COMMISSION REGULATION (EEC) No 235/86 of 31 January 1986 ' introducing Community surveillance of imports of video tape recorders originating in South Korea THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 288/82 of S February 1982 on common rules for imports ('), and in particular Article 10 thereof, Having consulted the ‘committee set up under the above- " mentioned Regulation, Whereas, according to information currently available, imports of video tape records falling within subheading 92.11 B of the Common Customs Tariff and correspond- ing to NIMEXE code 92.11-91 and 99 originating in South Korea could reach a relatively high level in 1986 and account for a considerable share of the Community market ; Whereas the first imports have taken place at prices much lower than Community market prices; Whereas, combined with the imports originating in Japan already under surveillance (%), the imports in question are likely to have a depressive effect on the Community video tape recorder industry’s level of prices and financial results, thereby injuring the Community producers of like competing products ; Whereas, in these circumstances, it is in the Community’s interest to introduce Community surveillance of these imports, HAS ADOPTED THIS REGULATION : Article 1 Imports into the Community of video tape recorders falling within subheading 92.11 B of the Common, Customs Tariff and corresponding to NIMEXE code 92.11-91 and 99, originating in South Korea are hereby made subject to retrospective Community surveillance in accordance with the procedures set out in Articles 10 and 14 of Regulation (EEC) No 288/82 and this Regulation. Article 2 Annex II of Regulation (EEC) No 288/82 is modified by the insertion of the Common Customs Tariff heading and the NIMEXE code of the products referred to in Article 1 followed by the sign (+) in the ‘EUR’ column. Article 3 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. It shall apply with effect from 1 January 1986. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 31 January 1986. () OJ No L 35, 9. 2. 1982, p. 1. () OJ No L 330, 18. 12. 1984, p. 8. For the Commission Willy DE CLERCQ Member of the Commission