The fresh Ice1andic De1 elizabeth gation, definitely, appreci ated t he fri end1 y thoughts from Elizabeth

ts out of Austria, Greace and Chicken, on 1ts 143rd Appointment cn 30th Summer The selection concerni ng Ice1and had elizabeth nvi saoed an offer from

C. A

step one.5 mi11ion t o Ice1and f ar t the guy weeks J u1y-e time b1ocking Iceland’s qu ota we n Elizabeth.P.You. New Counci1 got deferred cor.s ideration of t his deci s we on the. C.Good. and of the fresh Dealing with Panel out of Elizabeth.P.U. in the good cknow1 age dging Ice1andls status as the good structura1 obligations or, but the Ice1andic Regulators had grave doubts concerning whether the count suggested wou1d be sufficient t o tide Freeze 1and aver the 3 months several months inside the quest ion. There were a couple of reasons why for it nervousness:- ( we ) (ii ) OvJing t o this new seasona1 chara(;ter of Iceland’ s exports, that point at issue – and you can especia11y this new days out-of J u1y and you can August – is a1ways particu1ar1y difficu1t getting Ice1and step 1 s ba1ance off costs. The brand new partia1 1ibora1isation off We ce1and step one s imports within the Apri had triggered, nnd wou1d for some time in the uberhorny hesap silme future continue t O result in, re1at1ve1y large imports of several goods t cap had been 1i bera1ised. It absolutely was fe1t which wou1d be diff 1cu1t t o f orete11 the newest e xact matter you desire.ed f or even the bui1ding 1p out of norma1 change holds off brand new products concerned and you can, beaause regarding t he sood determine away from liber nlisation, t the guy Icel andic Goverrunent could be most re1uctant so you can ‘ have t o roll up t hese steps. / / /

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55 – step three – C /Meters (51) 27 ( Specialist v. ) Howe observar, once examining the issue thoroughly, their Government had authorised the fresh new Icelandic Delegation t o undertake new draf t finished into the paragra)h cuatro of the suggestion of your J oint Trading and repayments Commi ttee. This new Icelandic Regulators should do all things in its stamina t o build age nds see wi thi n this new f ramewor k wh

t the brand new Dealing with Panel away from E. P.You., brand new Elizabeth. therefore the Counc i l wauld, inside the owed direction, bring on the friendly c o ns l

rati o letter an application t o l ift the brand new clogging of the Icelandic quota inside the Age.P. U. Brand new Representative with the Us asserted that E.c.An effective. is actually grateful t ha t the Govr=rnment_o.l’ Ice1and accept ed the new arrangements envisa6ed on the draf t Counc>l Choice at the Annex IV t o C(51)214. Within the detarmining t the guy f igure w

i ch tt got recommended for the newest meantime credi t, the latest Age. had a beneficial t lured to need very carefully into account each of brand new considerations br ought t o their notice of the t the guy Affiliate away from Iceland. On such basis as introduce i letter formation, Elizabeth. C.An effective. hoped and bel ieved t cap thi s unique meantime credj t, i letter combinati.toward wtth almost every other resour ces at the di sposal from

he Authorities from We celand, perform show sufficient for its requi roentgen age me personally nts. , naturally, stood ready at all times t o remark, t ogether wi t h the fresh new Mana ging Bcard, one consult you to mi ght be placed t o the fresh new Board within this connecti toward, even if Elizabeth. hoped which woul d not necessari t o unbl ock the latest quota. New CO\JNCIL ( l

You ) used t he dra base Council endment so you can paragraph 4 prop osed from the t the guy J oint Exchange a good nd Costs Panel into the C(51)218.

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