ts regarding Austria, Greace and Poultry, during the 1ts 143rd Appointment cn 30th June The decision concerni ng Ice1and got age nvi saoed a give out-of
step 1.5 mi11ion t o Ice1and f ar t he days J u1y-elizabeth go out b1ocking Iceland’s qu ota i n E.P.U. The fresh Counci1 got deferred cor.s ideration from t their deci s we with the. C.A beneficial. and of brand new Dealing with Board out-of Age.P.U. within the a great cknow1 elizabeth dging Ice1andls status while the a good structura1 obligations otherwise, but the Ice1andic Bodies got grave second thoughts about if the count advised wou1d be adequate t o wave Freeze 1and aver the three months months in quest ion. There are several main reasons why for this anxiety:- ( we ) (ii ) OvJing t o the fresh new seasona1 chara(;ter out-of Iceland’ s exports, that time concerned – and you may especia11y the newest weeks of J u1y and you can August – was a1ways particu1ar1y difficu1t for Ice1and step one s ba1ance of money. The partia1 1ibora1isation off is getiton free We ce1and step one s imports when you look at the Apri had caused, nnd wou1d for a while in the future continue t O produce, re1at1ve1y high imports of several merchandise t hat ended up being 1i bera1ised. It actually was fe1t so it wou1d be diff 1cu1t t o f orete11 the brand new elizabeth xact amount you need.ed f or perhaps the bui1ding 1p off norma1 trading brings away from this new products in question and, beaause off t he sood influence out-of liber nlisation, t he Icel andic Goverrunent could well be really re1uctant to ‘ has actually t o roll up t hese strategies. / / /
C. A great
55 – step 3 – C /M (51) twenty-seven ( Pro v. ) Howe ver, immediately following reviewing the challenge thoroughly, his Bodies got authorised the newest Icelandic Delegation t o deal with the draf t ended in paragra)h 4 by suggestion of one’s J oint Exchange and you will payments Commi ttee. The Icelandic Government would do everything in its fuel t o make e nds satisfy wi thi n the f ramewor k wh
t the new Controlling Board away from Age. P.You., the fresh Elizabeth. plus the Counc we l wauld, in the due path, simply take to your friendly c o ns l
rati o n a software t o l ift the blocking of your Icelandic quota within the Elizabeth.P. U. c.An effective. was glad t ha t the fresh new Govr=rnment_o.l’ Ice1and accept ed brand new preparations envisa6ed regarding draf t Counc>l Choice at the Annex IV t o C(51)214. Into the detarmining t the guy f igure w
i ch tt had suitable for the brand new meantime credi t, this new E. got an effective t lured to grab very carefully under consideration every one of the brand new factors br ought t o their attract of the t the guy User off Iceland. On such basis as present we letter development, E. C.A. expected and you will bel ieved t hat thi s unique interim credj t, we letter combinati.into wtth almost every other resour ces from the di sposal out of
the guy Regulators out of I celand, would show adequate for the requi roentgen e me personally nts. The newest Age. , without a doubt, stood ready all of the time t o review, t ogether wi t h the brand new Mana ging Bcard, people consult one to mi ght be put t o the Board contained in this connecti on the, regardless of if Elizabeth. hoped which woul d not necessari t o unbl ock the fresh quota. The CO\JNCIL ( l
The Member towards All of us asserted that E
You ) observed t he dra base Council endment so you can paragraph cuatro prop osed by t the guy J oint Trading a nd Costs Panel in C(51)218.
ase mount t their piece to your minut (‘ f:l i::;su0d towards the 231 d..fuly, below.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M i nu t es o f t h e.=step 1:!litll_j:1
