The newest Ice1andic De1 age gation, without a doubt, appreci ated t the guy fri end1 y ideas out-of Age

The newest Ice1andic De1 age gation, without a doubt, appreci ated t the guy fri end1 y ideas out-of Age

ts off Austria, Greace and you can Poultry, at 1ts 143rd Fulfilling cn 30th Summer The option concerni ng Ice1and got e nvi saoed an offer away from

step one.5 mi11ion t o Ice1and f ar t the guy days J u1y-e date b1ocking Iceland’s qu ota i n Elizabeth.P.You. The newest Counci1 had deferred cor.s ideration off t their deci s i to your. C.A beneficial. as well as the fresh new Dealing with Board out of Age.P.You. inside a cknow1 e dging Ice1andls standing while the a great structura1 financial obligation or, however the Ice1andic Bodies had grave doubts on if the amount proposed wou1d be sufficient t o wave Frost 1and aver the three months several months during the quest ion. There were a couple of reasons why for this anxiety:- ( i ) (ii ) OvJing t o the latest seasona1 chara(;ter away from Iceland’ s exports, the period at issue – and you may especia11y the days off J u1y and August – try a1ways particu1ar1y difficu1t to have Ice1and 1 s ba1ance regarding costs. The latest partia1 1ibora1isation away from We ce1and step one s imports into the Apri got triggered, nnd wou1d for some time to come continue t O result in, re1at1ve1y highest imports of many goods t hat had been 1i bera1ised. It was fe1t this wou1d getting diff 1cu1t t o f orete11 the newest elizabeth xact amount you would like.ed f or even the bui1ding 1p out-of norma1 exchange stocks regarding this new products in question and you may, beaause regarding t the guy sood determine regarding liber nlisation, t the guy Icel andic Goverrunent could be most re1uctant so you’re able to ‘ possess t o retract t hese actions. / / /

C. An excellent

55 – step 3 – C /Yards (51) twenty-seven ( Expert v. ) Howe ver, immediately after examining the issue carefully, their Government got authorised the newest Icelandic Delegation t o undertake the latest draf t finished into the paragra)h 4 by the proposition of one’s J oint Change and you can money Commi ttee. The Icelandic Regulators should do everything in its fuel t o generate elizabeth nds fulfill wi thi letter the brand new f ramewor k wh

t the brand new Controlling Board of Elizabeth. P.U., the new Elizabeth. and also the Counc i l wauld, for the due course, take for the amicable c o ns l

rati o letter a loan application t o l ift new clogging of your own Icelandic quota for the Elizabeth.P. You. c.A. try pleased t ha t the new Govr=rnment_o.l’ Ice1and take on ed the new agreements envisa6ed in the draf t Counc>l Decision at the Annex IV t o C(51)214. During the detarmining t he f igure w

i ch tt had suitable for the brand new interim credi t, brand new Age. had an excellent t tempted to take carefully under consideration each of the latest factors br need t o the desire from the t the guy Affiliate out of Iceland. On such basis as present we n formation, E. C.An excellent. hoped and you may bel ieved t cap thi s unique meantime credj t, we n combinati.with the wtth almost every other resour ces within di sposal off

he Government away from We celand, create prove enough because of its requi r elizabeth me personally nts. This new Age. , obviously, endured able at all times t o review, t ogether wi t h the newest Mana ging Bcard, any consult that mi ght go t o the new Board contained in this connecti for the, even when Age. wished it woul d not be necessari t o unbl ock this new quota. Brand new CO\JNCIL ( l

This new Associate toward Us mentioned that Age

U ) accompanied t the guy dra feet Council endment in order to part 4 prop osed because of the t the guy J oint Trade a great nd Costs Committee in the C(51)218.

ase install t his piece to your minut (‘ f:l i::;su0d with the 231 d..fuly, significantly less than.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Meters we nu t parece o f t h e.=step one:!litll_j:1

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