Definitions
Article 2
For the purposes of this Regulation: (1) ‘Agreement’ means a trade agreement referred to in the Annex to this Regulation; (2) ‘bilateral safeguard clause’ means a provision relating to the temporary suspension of tariff preferences that is set out in an Agreement; (3) ‘interested parties’ means parties affected by the imports of the product; (4) ‘Union industry’ means either the Union producers as a whole of the like or directly competitive product who operate within the territory of the Union or Union producers whose collective output of the like or directly competitive product constitutes a major proportion of the total Union production of that product; where a like or a directly competitive product is only one of several products that are made by the Union producers, the Union industry shall be defined in relation to the specific operations that are involved in the production of the like or directly competitive product; (5) ‘serious injury’ means a significant overall impairment to the position of Union industry; (6) ‘threat of serious injury’ means serious injury that is clearly imminent, the determination of the existence of which shall be based on verifiable information; (7) ‘sensitive product’ means a product identified in a specific Agreement as being relatively more vulnerable to a surge of imports than other products; (8) ‘transition period’ means a period of 10 years from the entry into force of an Agreement, unless otherwise defined in the relevant Agreement; (9) ‘country concerned’ means a third country that is a party to an Agreement.