19.1.2013 Official Journal of the European Union L 17/1 | (Legislative acts) REGULATIONS REGULATION (EU) No 19/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 January 2013 implementing the bilateral safeguard clause and the stabilisation mechanism for bananas of the Trade Agreement between the European Union and its Member States, of the one part, and Colombia and Peru, of the other part THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European bilateral safeguard clause and for applying the stabili- sation mechanism for bananas that has been agreed with Colombia and Peru. Union, and in particular Article 207(2) thereof, (4) It is also necessary to create appropriate safeguard mech- anisms to prevent serious harm to the Union banana growing sector which is of great importance to the agri- Having regard to the proposal from the European Commission, cultural producers of many of the outermost regions of the Union. The limited ability of those regions to diversify, owing to their natural characteristics, makes After transmission of the draft legislative act to the national the ba.nana sector partl.cularly Vulperable. It is therefore parliaments, essential to create effective mechanisms to address prefer- ential imports from third countries concerned, in order to guarantee that Union banana production is maintained under the best possible conditions, as it is a crucial Acting in accordance with the ordinary legislative procedure (1), employment sectrz)r in certain areas, especially in the outermost regions. Whereas: (5)  The terms ‘serious injury’, ‘threat of serious injury’ and ‘transitional period’ as referred to in Article 48 of the () On 19 January 2009 the Council authorised the Agreement should be defined. Commission to negotiate a multiparty trade agreement on behalf of the European Union and its Member States with the Member Countries of the Andean Community ) ) which shared the aim to reach an ambitious, compre- (6) Safeguar(.i measures ‘sh.ould be Fonmdered f)nly. if the hensive, and balanced trade agreement. Product in quest.1(-m is imported into the Union in such increased quantities, in absolute terms or relative to Union production, and under such conditions as to o cause, or threaten to cause, serious injury to Union 2 Those negotiations have been concluded and the Trade . : s . Agreemer%’[ between the European Union and its Member Eé(c)ldg(i:; i?lf Iilrl;eds r4§l lf)efczlﬁle X)Tijﬁgn‘;e products as States, of the one part, and Colombia and Peru, of the 8 ' other part (the Agreement) was signed on 26 June 2012, received the consent of the European Parliament N N ) ) on 11 December 2012 and is to apply as provided for in (7)  Specific safeggard provisions should bf; ava11abl§ in case Atticle 330 of the Agreement. the product in question is imported in such increased quantities and under such conditions as to cause or threaten to cause serious deterioration in the economic () It is necessary to lay down the most appropriate situation of any of the outermost regions as r.eferred to procedures to guarantee the effective application of }En Article 349 ofl:[l}:lEeUTreaty on the Functioning of the certain provisions of the Agreement which concern the uropean Union ) (1) Position of the European Parliament of 11 December 2012 (not yet published in the Official Journal) and decision of the Council of 8) Safeguard measures should take one of the forms referred 20 December 2012. to in Article 50 of the Agreement.