During a meeting of the FIA World Motor Sport Council today in Dubrovnik, Croatia, confirmation of Pirelli’s continuation as Formula One tire supplier made public.

This announcement was made as the agreement reached by the FIA and the Formula 1 Group in July, setting out the framework for implementation of the Concorde Agreement for the period 2013 – 2020, came into force.  One of the noteworthy aspects of the new 2013 Concorde Agreement is the new tender procedure for appointing tire suppliers for F1.

In the new process, the FIA will be confirmed as the body in charge of conducting the tender process. The Commercial Rights Holder will be entitled to run the commercial negotiations with potential suppliers, with a view to the selected single supplier being officially appointed by the WMSC.

“In order to cover the transition period and considering the contracts already settled by FOM and the Teams with Pirelli, the WMSC today confirmed that Pirelli may continue to supply tires to competitors in the FIA F1 World Championship, subject to the requisite technical and safety standards of the FIA being met,” wrote the FIA in a statement. (Tyres & Accessories)