The objectives of the current project, which is tendered by DG Trade, are to evaluate the Regulation on 4 points in line with the Commission's evaluation standards:

1. effectiveness: to what extent did the Regulation achieve its goals?

2. efficiency: were the costs involved justified, given the achievements? This includes in particular an assessment of administrative burden for businesses, especially SMEs;

3. coherence: to what extent is the Regulation coherent internally, with other EU policies, with Treaty objectives, and with the activities of other actors?

4. relevance: to what extent do the (original) objectives (still) correspond to the EU needs? What is the role of a Regulation?