Article 4 — Monitoring

1. The Commission shall constantly and proactively monitor the Union market of sensitive products, in particular as regards import and export trends, production and price developments, with the support of the Union market observatories established by Regulation (EU) No 1308/2013 of the European Parliament and of the Council. For that purpose, the Commission shall cooperate and exchange data with Member States, the European Parliament and the Union industry on a regular basis. 2. The Commission shall rapidly assess the market situation based on the monitoring referred to in paragraph 1, by linking a possible increase in imports for the relevant sensitive products with the evolution of production or consumption, price and market share on the Union market, as well as exports from the Union. 3. Upon a duly justified request by the Union industry concerned, the Commission may extend the scope of the monitoring referred to in paragraph 1 to any products other than those referred to in the Annex. 4. Cooperation and exchange of data shall be carried out both vertically, between the Commission and the Member States, and horizontally, between the Member States. 5. No later than one month before the date of entry into force of the Agreement, the Commission shall make available to Member States the technical parameters and types of data that can be monitored in markets at national level. 6. The Commission shall present a monitoring report to the European Parliament and to the Council at least every six months containing its assessment of the impact of imports of sensitive products benefitting from preferential market access under the Agreement. That report shall cover the Union market and, if relevant, also cover the specific situation in one or several Member States.