Monitoring, assessment and reporting
Article 7
1. The Commission shall monitor the economic effects in the Union of the adjustment of customs duties pursuant to Article 1 and the opening of tariff quotas pursuant to Article 2. By 2 January 2027 and every three months thereafter, the Commission shall inform the European Parliament and the Council of the changes in trade volumes and values of imports into the Union of goods originating in the United States and falling within the scope of this Regulation. 2. By 30 June 2029, the Commission shall present a comprehensive assessment of the effects of this Regulation (the ‘comprehensive assessment’). The comprehensive assessment shall cover, inter alia: (a) the impact of the application of this Regulation on all imports and exports between the Union and the United States; (b) changes in trade flows across Member States and industrial and agricultural sectors; (c) how Union trade patterns have changed with respect to trade with third countries; (d) the impact of this Regulation on revenues collected from customs duties; (e) the impact of this Regulation on small and medium-sized enterprises. The Commission shall make the data and methodology used for the comprehensive assessment available to the public. Where appropriate, the comprehensive assessment shall be accompanied by a legislative proposal to extend the period of application of this Regulation.