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Methodology 2017-2021

The Economic Agreement lays down that every five years, by means of a law passed by the Spanish Parliament, subject to the prior agreement of the Joint Committee on the Economic Agreement, the methodology to be used in setting the quota, in the five-year period, shall be determined and the quota for the first year of such period shall be approved, being the Joint Committee on the Economic Agreement the one in charge of bringing the quota up to date in each of the years following the first by applying the methodology approved in the abovementioned law.

The methodology actual in force is the corresponding to the years 2017 to 2021, passed by the 11/2017 Law, December 28. This law determines the formula to calculate the Quota for the base year and the formula to update the quota for the subsequent years of the five-year period.It should be borne in mind that the current Quota Law contains an automatic extension clause (First Final Provision), so that if a new law is not passed, it will be applicable to subsequent years, once the initial period of validity has expired.