ts of Austria, Greace and you will Chicken, from the 1ts 143rd Conference cn 30th Summer The selection concerni ng Ice1and got e nvi saoed a grant off
step one.5 mi11ion t o Ice1and f ar t the guy days J u1y-elizabeth time b1ocking Iceland’s qu ota i letter Age.P.You. The latest Counci1 got deferred cor.s ideration out-of t their deci s we to the. C.Good. and of the new Controlling Board away from Age.P.U. into the a great cknow1 elizabeth dging Ice1andls status since a great structura1 loans otherwise, but the Ice1andic Bodies got grave second thoughts concerning whether the amount suggested wou1d be sufficient t o tide Frost 1and aver the 3 months period for the journey ion. There had been two explanations why for this stress:- ( we ) (ii ) OvJing t o brand new seasona1 chara(;ter away from Iceland’ s exports, the period at issue – and you can especia11y the brand new months from J u1y and you can August – are a1ways particu1ar1y difficu1t getting Ice1and 1 s ba1ance of payments. The partia1 1ibora1isation of I ce1and step one s imports in Apri got brought about, nnd wou1d for a while to come keep t O end up in, re1at1ve1y highest imports of a lot products t hat ended up being 1i bera1ised. It actually was fe1t it wou1d feel diff 1cu1t t o f orete11 the newest age xact matter you would like.ed f or how to delete heated affairs account even the bui1ding 1p from norma1 trade stocks from brand new commodities under consideration and you may, beaause of t he sood dictate from liber nlisation, t the guy Icel andic Goverrunent might be most re1uctant so you’re able to ‘ keeps t o retract t hese steps. / / /
C. Good
55 – step three – C /Meters (51) 27 ( Professional v. ) Howe observar, immediately following looking at the challenge very carefully, his Authorities had authorised the newest Icelandic Delegation t o take on the newest draf t ended within the paragra)h 4 because of the offer of the J oint Change and you will payments Commi ttee. The Icelandic Authorities would do everything in their fuel t o make e nds satisfy wi thi letter the f ramewor k wh
t brand new Managing Panel away from E. P.U., the Age. plus the Counc i l wauld, when you look at the due course, grab toward friendly c o ns l
rati o n a credit card applicatoin t o l ift the new clogging of your Icelandic quota when you look at the E.P. U. c.An effective. is actually happy t ha t the newest Govr=rnment_o.l’ Ice1and deal with ed new agreements envisa6ed about draf t Counc>l Choice from the Annex IV t o C(51)214. Inside detarmining t the guy f igure w
we ch tt had recommended for the latest meantime credi t, this new Age. got a beneficial t tempted to just take cautiously under consideration every one of the fresh new factors br ought t o their attract of the t the guy Member of Iceland. On such basis as expose we letter development, Elizabeth. C.A good. hoped and you will bel ieved t hat thi s unique interim credj t, we n combinati.with the wtth most other resour ces from the di sposal out of
he Government off We celand, do show sufficient for its requi r elizabeth me nts. The latest Elizabeth. , naturally, stood ready all the time t o review, t ogether wi t h the new Mana ging Bcard, people demand one to mi ght go t o the Panel within this connecti on, no matter if Age. wished which woul d not be necessari t o unbl ock the fresh quota. Brand new CO\JNCIL ( l
The fresh Affiliate towards the Us mentioned that E
U ) implemented t he dra base Council endment to part 4 prop osed by t the guy J oint Trading an effective nd Costs Committee for the C(51)218.
ase attach t their piece on minut (‘ f:l we::;su0d into 231 d..fuly, not as much as.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Yards we nu t parece o f t h age.=1:!litll_j:step 1