2. The basic rate to which the successive reductions provided for in paragraph 1 are to be applied shall, for each product, be the rate applied by the Hellenic Republic on 31 December 1980 in respect of the Community as at present constituted.
3. Any charge having equivalent effect to a customs duty on imports, introduced as from 1 January 1979 in trade between Greece and Switzerland, shall be abolished on 1 January 1981.
Article 6
If the Hellenic Republic suspends or reduces duties or charges having equivalent effect on products imported from the Community as at present constituted more quickly than under the established timetable, the Hellenic Republic shall also suspend or reduce, by the same percentage, those duties or charges having equivalent effect on products originating in Switzerland.
Article 7
1. The variable component which the Hellenic Republic may apply in accordance with Article 1 of Protocol 2 to the Agreement to the products listed in Table I of that Protocol, originating in Switzerland, shall be adjusted by the compensatory amount applied in trade between the Community as at present constituted and Greece.
2. For the products which are listed both in Table I of Protocol 2 to the Agreement and in Annex I to this Protocol, the Hellenic Republic shall abolish, in accordance with the timetable laid down in Article 3, the difference between:
— the fixed component of the duty to be applied by the Hellenic Republic upon accession, and
— the duty (other than the variable component) shown in the last column of Table I of Protocol 2.
Article 8
1. The Hellenic Republic may retain quantitative restrictions until 31 December 1985 on products listed in Annex II, originating in Switzerland.
2. The restrictions referred to in paragraph 1 shall take the form of global quotas which shall also be opened towards imports originating in Austria, Finland, Iceland, Norway and Sweden.
The global quotas for 1981 are listed in Annex II.
3. The minimum rate of progressive increase for the quotas referred to in paragraph 2 shall be 25 % at the beginning of each year for quotas expressed in units of account, and 20 % at the beginning of each year for quotas expressed in terms of volume. Such increases shall be added to each quota arid the next increase calculated on the basis of the total thus obtained.
Where a quota is expressed in terms of both volume and value, the quota relating to volume shall be raised by at least 20 % a year and the quota relating to value by at least 25 % a year, the succeeding quotas to be calculated each year on the basis of the preceding quota plus the increase.
However, with regard to motor coaches and buses and other vehicles falling within subheading ex 87.02 A I of the Common Customs Tariff, the volume quota shall be raised by 15 % a year and the quota relating to value by 20 % a year.
4. Where it is found that imports into Greece of a product listed in Annex II have for two consecutive years been less than 90 % of the quota, the Hellenic Republic shall liberalize imports of that product originating in Switzerland and in the countries listed in paragraph 2, if the product in question is at that time liberalized towards the Community as at present constituted.
5. If the Hellenic Republic liberalizes imports of a product listed in Annex II coming from the Community as at present constituted or increases a quota beyond the minimum rate applicable to the Community as at present constituted, the Hellenic Republic shall also liberalize imports of that product originating in Switzerland or increase the global quota proportionally.
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