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1. Examination of the trend in imports, of the conditions in which they take place and of the serious injury or threat of serious injury to Union producers resulting from such imports shall cover in particular the following factors:

(a) the volume of imports, in particular where there has been a significant increase, either in absolute terms or relative to production or consumption in the Union;

(b) the price of the imports, in particular where there has been significant price undercutting as compared with the price of a like product in the Union;

(c) the consequent impact on the Union producers of similar or directly competitive products as indicated by trends in certain economic factors such as:

— production,

— capacity utilisation,

— stocks,

— sales,

— market share,

— prices (i.e. depression of prices or prevention of price increases which would normally have occurred),

— profits,

— return on capital employed,

— cash flow,

— employment.

2. In conducting the investigation, the Commission shall take account of the particular economic system of the countries referred to in Annex I.

3. Where a threat of serious injury is alleged, the Commission shall also examine whether it is clearly foreseeable that a particular situation is likely to develop into actual injury. In this regard account may be taken of factors such as:

(a) the rate of increase of the exports to the Union;

(b) the export capacity in the country of origin or export, already in existence or which will be operational in the foreseeable future, and the likelihood that the resulting exports will be to the Union.