L 212/46 Official Journal of the European Union 22.8.2003 COMMISSION REGULATION (EC) No 1484/2003 of 21 August 2003 amending Annexes IIIB and VI to Regulation (EC) No 517/94 as regards quotas for Serbia and Montenegro THE COMMISSION OF THE EUROPEAN COMMUNITIES, (6)  The proposed increase is part of an overall process of Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 517/94 of 7 March 1994 on common rules for imports of textile products from certain third countries not covered by bilateral agree- ments, protocols or other arrangements, or by other specific Community import rules ('), as last amended by Commission Regulation (EC) No 1309/2002 (3, and in particular Article 5(2) in conjunction with Article 25(4) thereof, Whereas: (1) Regulation (EC) No 517/94 establishes the annual quan- titative limits for certain textile products originating in Serbia and Montenegro (%). (2)  Serbia and Montenegro is currently at a critical junction of its reform process. It is particularly vital at this stage to support the political and economic reforms under- taken in this state and to keep the country well on track in the European Union's Stabilisation and Association process. (3)  The European Council of 20 and 21 March 2003 offered the new leadership of Serbia and Montenegro the full support of the EU in implementing the required reforms, allowing further progress towards European structures, and notably the EU, and invited the High Representative and the Commission to propose concrete steps to that end. (4)  Improving trade opportunities for Serbia and Monte- negro in areas in which the country possesses compara- tive economic advantages is of great importance to underpin the country's economic and political reforms and to further its integration into European structures. (5)  Itis therefore important to improve market access speci- fically for textiles and to review the quotas currently applicable on imports of textile products originating in Serbia and Montenegro. This further improvement reflects the overall strong commitment of the EU to far- reaching trade liberalisation with the Western Balkan countries as laid down in Council Regulation (EC) No 2007/2000 (%), as last amended by Regulation (EC) No 607/2003 (). 1 () OJ L 67, 10.3.1994, p. 1. () OJ L 192, 20.7.2002, p. 1. (}) Formerly the Federal Republic of Yugoslavia (FRY). () OJ L 240, 23.9.2000, p. 1. () OJ L 86, 3.4.2003, p. 18. promoting closer trade relations with Serbia and Monte- negro, which includes the start of negotiations on a textiles agreement with Serbia and Montenegro to achieve bilateral liberalisation. (7)  Further imports within the EU of certain categories of textile products is presently no longer possible because the respective quotas have been exhausted. Serbia and Montenegro has requested that the quotas be increased. (8) It is appropriate to increase the levels of all quotas for Serbia and Montenegro in order to absorb certain pending import requests, as was done for Croatia and Bosnia Herzegovina for the year 2000 by Council Regu- lation (EC) No 7/2000 (°) prior to the negotiation of bilateral textile agreements with those two countries. (9)  The increased quota levels should apply from the begin- ning of the year 2003 in order to absorb certain pending import requests. (10)  Regulation (EC) No 517/94 should therefore be amended accordingly. (11)  The measures provided for in this Regulation are in accordance with the opinion of the Textiles Committee, as referred to in Article 25 of Regulation (EC) No 517/ 94, HAS ADOPTED THIS REGULATION: Article 1 Annexes IIB and VI to Regulation (EC) No 517/94 are amended as set out in the Annex to this Regulation. Article 2 This Regulation shall enter into force on the day of its publica- tion in the Official Journal of the European Union. It shall apply with effect from 1 January 2003. () OJ L 2, 5.1.2000, p. 51.