ts regarding Austria, Greace and you may Chicken, in the 1ts 143rd Conference cn 30th June The decision concerni ng Ice1and got e nvi saoed an offer regarding
C. An effective
step 1.5 mi11ion t o Ice1and f ar t he weeks J u1y-elizabeth date b1ocking Iceland’s qu ota i letter Elizabeth.P.U. The latest Counci1 had deferred cor.s ideration of t their deci s i towards the. C.An excellent. as well as new Controlling Panel of E.P.You. in the a great cknow1 elizabeth dging Ice1andls condition as the a great structura1 debt or, but the Ice1andic Regulators got grave doubts regarding whether or not the number recommended wou1d be adequate t o wave Ice 1and aver the 3 weeks months inside trip ion. There have been a few explanations why because of it anxiety:- ( i ) (ii ) OvJing t o brand new seasona1 chara(;ter away from Iceland’ s exports, that point at issue – and you can especia11y the brand new months regarding J u1y and August – is actually a1ways particu1ar1y difficu1t getting Ice1and step 1 s ba1ance away from costs. Brand new partia1 1ibora1isation out of We ce1and 1 s imports in Apri had triggered, nnd wou1d for a while in the future continue t O end in, re1at1ve1y highest imports many services and products t hat had been 1i connexion bera1ised. It actually was fe1t it wou1d feel diff 1cu1t t o f orete11 new age xact number you prefer.ed f or the bui1ding 1p away from norma1 exchange stocks out of brand new products involved and you can, beaause out-of t the guy sood influence from liber nlisation, t the guy Icel andic Goverrunent is very re1uctant to ‘ has actually t o retract t hese measures. / / /
New Elizabeth
55 – step three – C /Meters (51) twenty-seven ( Specialist v. ) Howe ver, just after evaluating the problem thoroughly, their Regulators had authorised this new Icelandic Delegation t o undertake this new draf t concluded inside the paragra)h cuatro of the offer of the J oint Trading and you will payments Commi ttee. New Icelandic Bodies would do everything in their stamina t o create elizabeth nds meet wi thi n the new f ramewor k wh
t the Managing Board regarding E. P.U., the E. while the Counc i l wauld, from inside the owed direction, grab toward friendly c o ns l
rati o n a loan application t o l ift the clogging of the Icelandic quota from inside the Elizabeth.P. You. The newest User to your All of us mentioned that Age.c.A good. is actually glad t ha t the fresh new Govr=rnment_o.l’ Ice1and deal with ed the fresh agreements envisa6ed regarding the draf t Counc>l Choice within Annex IV t o C(51)214. In detarmining t the guy f igure w
we ch tt had suitable for new interim credi t, new Age. got an effective t lured to bring carefully into consideration each of the latest considerations br need t o its attract because of the t he Affiliate out of Iceland. Based on expose we letter development, Age. C.A beneficial. hoped and you can bel ieved t hat thi s unique interim credj t, we n combinati.into the wtth other resour ces at di sposal regarding
the guy Authorities of I celand, carry out confirm sufficient for the requi roentgen age myself nts. , of course, stood able all of the time t o feedback, t ogether wi t h the fresh Mana ging Bcard, people consult you to mi ght be placed t o the brand new Panel within connecti for the, even if Age. expected that it woul d not be necessari t o unbl ock the brand new quota. The latest CO\JNCIL ( l
U ) used t the guy dra foot Council endment in order to section cuatro prop osed of the t the guy J oint Trade an excellent nd Costs Committee in the C(51)218.
ase install t their sheet with the minut (‘ f:l we::;su0d with the 231 d..fuly, significantly less than.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M i nu t parece o f t h e.=1:!litll_j:1