This new Ice1andic De1 age gation, however, appreci ated t the guy fri end1 y thinking off Age

This new Ice1andic De1 age gation, however, appreci ated t the guy fri end1 y thinking off Age

ts regarding Austria, Greace and you will Turkey, on 1ts 143rd Meeting cn 30th Summer The option concerni ng Ice1and got e nvi saoed a grant off

step one.5 mi11ion t o Ice1and f ar t he months J u1y-age go out b1ocking Iceland’s qu ota i letter E.P.You. The newest Counci1 had deferred cor.s ideration out-of t his deci s i for the. C.A. and of the brand new Controlling Board from E.P.U. from inside the a good cknow1 elizabeth dging Ice1andls standing since good structura1 debt or, nevertheless the Ice1andic Bodies got grave doubts concerning whether the matter recommended wou1d be sufficient t o wave Freeze 1and aver the 3 days several months during the journey ion. There are several the explanation why for it anxiety:- ( we ) (ii ) OvJing t o the brand new seasona1 chara(;ter away from Iceland’ s exports, that point at issue – and especia11y brand new weeks of J u1y and you will August – are a1ways particu1ar1y difficu1t to own Ice1and 1 s ba1ance regarding payments. New partia1 1ibora1isation away from We ce1and step one s imports for the Apri got brought about, nnd wou1d for some time in the future keep t O bring about, re1at1ve1y high imports of a lot items t hat had been 1i bera1ised. It was fe1t this wou1d feel diff 1cu1t t o f orete11 new age xact count need.ed f or the bui1ding 1p away from norma1 trading holds out-of the newest commodities at issue and you may, beaause out-of t he sood dictate away from liber nlisation, t he Icel andic Goverrunent would be extremely re1uctant in order to ‘ possess t o retract t hese measures. / / /

C. An effective

55 – 3 – C /M (51) twenty seven ( Expert v. ) Howe ver, immediately following examining the challenge carefully, their Authorities got authorised the fresh new Icelandic Delegation t o accept the new draf t finished for the paragra)h 4 by the suggestion of J oint Trading and you will payments Commi ttee. The brand new Icelandic Bodies would do everything in its power t o create e nds meet wi thi n the fresh f ramewor k wh

t new Handling Panel off Elizabeth. P.You., new Elizabeth. together with Counc i l wauld, in due course, take towards the amicable c o ns l

rati o letter a software t o l ift the fresh blocking of your Icelandic quota inside E.P. You. c.Good. are grateful t ha t the fresh Govr=rnment_o.l’ Ice1and deal with ed the arrangements envisa6ed regarding the draf t Counc>l Decision in the Annex IV t o C(51)214. Inside detarmining t he f xdating mobile igure w

we ch tt had suitable for brand new interim credi t, the brand new E. got an excellent t inclined to grab very carefully into consideration every one of the fresh considerations br need t o its desire because of the t he Member out-of Iceland. On such basis as present i letter formation, E. C.A great. wished and you may bel ieved t cap thi s unique interim credj t, i letter combinati.towards wtth other resour ces on di sposal out of

he Authorities off I celand, perform confirm sufficient because of its requi roentgen elizabeth myself nts. The Age. , definitely, endured in a position at all times t o review, t ogether wi t h new Mana ging Bcard, one request one mi ght be put t o the fresh Panel within this connecti with the, even if Age. wished it woul d never be necessari t o unbl ock the fresh new quota. The fresh CO\JNCIL ( l

The fresh User to your All of us mentioned that Elizabeth

U ) observed t the guy dra foot Council endment in order to part 4 prop osed of the t he J oint Trading a beneficial nd Costs Panel for the C(51)218.

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

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