Brand new Ice1andic De1 age gation, definitely, appreci ated t he fri end1 y emotions regarding Age

Brand new Ice1andic De1 age gation, definitely, appreci ated t he fri end1 y emotions regarding Age

ts away from Austria, Greace and you may Poultry, on 1ts 143rd Meeting cn 30th Summer The selection concerni ng Ice1and got age nvi saoed a give from

step 1.5 mi11ion t o Ice1and f ar t he days J u1y-elizabeth big date b1ocking Iceland’s qu ota i letter Age.P.U. The latest Counci1 got deferred cor.s ideration out of t their deci s i into the. C.A great. as well as the Controlling Panel off Elizabeth.P.U. in the a good cknow1 e dging Ice1andls standing since the a beneficial structura1 loans or, nevertheless the Ice1andic Authorities had grave second thoughts on if the number advised wou1d be sufficient t o tide Freeze 1and aver the three months period for the trip ion. There are one or two main reasons why for this nervousness:- ( we ) (ii ) OvJing t o new seasona1 chara(;ter off Iceland’ s exports, that time concerned – and you may especia11y this new days off J u1y and you will August – was a1ways particu1ar1y difficu1t having Ice1and step one s ba1ance out-of costs. The latest partia1 1ibora1isation out of We ce1and 1 s imports inside the Apri had brought about, nnd wou1d for some time to come keep t O result in, re1at1ve1y higher imports of several merchandise t hat had been 1i bera1ised. It absolutely was fe1t it wou1d be diff 1cu1t t o f orete11 the new elizabeth xact matter you desire.ed f or perhaps the bui1ding 1p regarding norma1 trade stocks regarding new products under consideration and you can, beaause out-of t the guy sood influence off liber nlisation, t he Icel andic Goverrunent could be very re1uctant so you’re able to ‘ possess t o roll up t hese tips. / / /

C. An excellent

55 – 3 – C /M (51) twenty seven ( Professional v. ) Howe ver, immediately following examining the matter carefully, their Government got authorised the latest Icelandic Delegation t o accept brand new draf t concluded within the paragra)h 4 of the suggestion of your own J oint Exchange and you will repayments Commi ttee. New Icelandic Regulators should do all things in its energy t o make e nds meet wi thi n the newest f ramewor k wh

t the fresh new Controlling Panel away from Age. P.U., brand new Age. and the Counc i l wauld, in the owed way, need towards friendly c o ns l

rati o letter a credit card applicatoin t o l ift new blocking of your own Icelandic quota when you look at the Elizabeth.P. U. c.A beneficial. is actually happy t ha t the fresh new Govr=rnment_o.l’ Ice1and take on ed the latest arrangements envisa6ed on draf t Counc>l Decision during the Annex IV t o C(51)214. During the detarmining t tgpersonals review he f igure w

i ch tt got suitable for this new meantime credi t, the newest Elizabeth. had good t lured to bring very carefully into consideration all of the latest factors br ought t o their focus from the t the guy Representative of Iceland. Based on establish i letter development, Elizabeth. C.An excellent. expected and bel ieved t hat thi s special interim credj t, i n combinati.for the wtth almost every other resour ces during the di sposal of

he Regulators of I celand, perform confirm sufficient for the requi r e myself nts. Brand new Age. , naturally, endured able all of the time t o comment, t ogether wi t h the fresh Mana ging Bcard, any consult that mi ght be placed t o new Board in this connecti to your, no matter if Elizabeth. wished it woul d never be necessari t o unbl ock the new quota. Brand new CO\JNCIL ( l

This new Affiliate towards the All of us said that Age

U ) used t he dra feet Council endment so you’re able to part cuatro prop osed by the t the guy J oint Exchange a great nd Payments Committee when you look at the C(51)218.

ase attach t his sheet toward minut (‘ f:l we::;su0d on the 231 d..fuly, below.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Yards we nu t parece o f t h e.=step 1:!litll_j:1

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