ts out of Austria, Greace and Chicken, within 1ts 143rd Meeting cn 30th June The decision concerni ng Ice1and got age nvi saoed a grant off

C. An effective

step one.5 mi11ion tgpersonals alternatif t o Ice1and f ar t the guy days J u1y-elizabeth go out b1ocking Iceland’s qu ota i n Elizabeth.P.U. The fresh new Counci1 had deferred cor.s ideration away from t their deci s we toward. C.A good. as well as the new Dealing with Board from Age.P.U. when you look at the an excellent cknow1 e dging Ice1andls reputation because the a good structura1 loans or, however the Ice1andic Authorities got grave doubts on whether or not the count proposed wou1d be adequate t o tide Ice 1and aver the three months several months during the quest ion. There were a few the explanation why for it stress:- ( i ) (ii ) OvJing t o the fresh new seasona1 chara(;ter of Iceland’ s exports, that time involved – and you can especia11y the new months out-of J u1y and you will August – try a1ways particu1ar1y difficu1t to own Ice1and step 1 s ba1ance out-of money. The newest partia1 1ibora1isation from I ce1and step 1 s imports during the Apri had brought about, nnd wou1d for a time to come continue t O end in, re1at1ve1y higher imports of many products t hat was actually 1i bera1ised. It absolutely was fe1t so it wou1d become diff 1cu1t t o f orete11 the elizabeth xact count need.ed f or the bui1ding 1p off norma1 exchange holds out-of the brand new products involved and you may, beaause of t he sood influence out of liber nlisation, t he Icel andic Goverrunent might possibly be most re1uctant in order to ‘ enjoys t o roll-up t hese actions. / / /

The newest Age

55 – step three – C /Meters (51) twenty seven ( Expert v. ) Howe ver, after reviewing the matter carefully, their Authorities had authorised brand new Icelandic Delegation t o accept the fresh new draf t finished in the paragra)h 4 of the suggestion of your J oint Exchange and money Commi ttee. The newest Icelandic Regulators would do all things in the power t o build e nds fulfill wi thi n the brand new f ramewor k wh

t brand new Managing Board off Elizabeth. P.You., the new E. as well as the Counc we l wauld, into the owed course, get on amicable c o ns l

rati o n a credit card applicatoin t o l ift new blocking of the Icelandic quota in the Age.P. U. Brand new Affiliate towards All of us mentioned that Age.c.A good. try pleased t ha t the fresh new Govr=rnment_o.l’ Ice1and undertake ed this new preparations envisa6ed about draf t Counc>l Decision on Annex IV t o C(51)214. Within the detarmining t the guy f igure w

we ch tt got recommended for the brand new meantime credi t, the newest E. got a beneficial t inclined to simply take carefully into consideration each of the newest considerations br need t o their interest from the t he Associate off Iceland. On the basis of establish i letter formation, Age. C.A good. expected and bel ieved t cap thi s unique interim credj t, i letter combinati.toward wtth most other resour ces from the di sposal away from

he Bodies from We celand, create confirm adequate because of its requi roentgen e myself nts. , definitely, endured able all the time t o comment, t ogether wi t h the newest Mana ging Bcard, people demand you to definitely mi ght go t o brand new Panel contained in this connecti on the, though Age. wished that it woul d not be necessari t o unbl ock the new quota. The latest CO\JNCIL ( l

You ) adopted t he dra ft Council endment to help you section cuatro prop osed because of the t he J oint Trading a great nd Costs Panel when you look at the C(51)218.

ase mount t his sheet for the minut (‘ f:l we::;su0d to the 231 d..fuly, not as much as.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Meters i nu t es o f t h e.=step 1:!litll_j:step one