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ts regarding Austria, Greace and you will Turkey, during the 1ts 143rd Appointment cn 30th June The decision concerni ng Ice1and had elizabeth nvi saoed an offer off
C. A great
step 1.5 mi11ion t o Ice1and f ar t the guy weeks J u1y-e date b1ocking Iceland’s qu ota we letter Elizabeth.P.U. The newest Counci1 had deferred cor.s ideration out of t their deci s i towards. C.An effective. and of the latest Managing Panel off Age.P.You. inside a beneficial cknow1 age dging Ice1andls status due to the fact a great structura1 financial obligation otherwise, however the Ice1andic Government got grave second thoughts about whether the number suggested wou1d be enough t o tide Freeze 1and aver the 3 months period within the trip ion. There have been one or two reasoned explanations why for it stress:- ( we ) (ii ) OvJing t o the brand new seasona1 chara(;ter off Iceland’ s exports, that point in question – and especia11y the fresh weeks regarding J u1y and you can August – is actually a1ways particu1ar1y difficu1t to own Ice1and step 1 s ba1ance out of repayments. The brand new partia1 1ibora1isation off We ce1and step one s imports from inside the Apri had caused, nnd wou1d for a while to come keep t O end up in, re1at1ve1y large imports of a lot products t cap was actually 1i bera1ised. It had been fe1t it wou1d be diff 1cu1t t o f orete11 new e xact count you want.ed f or perhaps the bui1ding 1p away from norma1 trading stocks away from the fresh products at issue and you will, beaause off t he sood determine regarding liber nlisation, t he Icel andic Goverrunent was really re1uctant to help you ‘ have t o roll up t hese tips. / / /
The brand new E
55 – step 3 – C /M (51) twenty seven ( Professional v. ) Howe ver, immediately following examining the problem thoroughly, their Bodies got authorised this new Icelandic Delegation t o take on the draf t finished from inside the paragra)h 4 by offer of the J oint Trading and you will repayments Commi ttee. The Icelandic Regulators should do all things in their power t o create elizabeth nds see wi thi letter the new f ramewor k wh
t the fresh new Handling Board out of Elizabeth. P.You., the brand new Elizabeth. together with Counc we l wauld, inside the due direction, need toward friendly c aisle o ns l
rati o n a loan application t o l ift the newest blocking of the Icelandic quota inside the Elizabeth.P. U. New User with the All of us said that Elizabeth.c.An excellent. are pleased t ha t the brand new Govr=rnment_o.l’ Ice1and undertake ed the new preparations envisa6ed on draf t Counc>l Decision at the Annex IV t o C(51)214. During the detarmining t the guy f igure w
i ch tt got suitable for the new meantime credi t, the new Age. got good t inclined to need very carefully into consideration every one of the newest considerations br ought t o their attention because of the t he Representative away from Iceland. Based on establish we n creation, E. C.Good. wished and you can bel ieved t hat thi s unique meantime credj t, i letter combinati.into wtth most other resour ces during the di sposal out-of
he Regulators of We celand, carry out show enough for the requi roentgen elizabeth myself nts. , without a doubt, stood able at all times t o review, t ogether wi t h brand new Mana ging Bcard, any consult that mi ght be put t o this new Board in this connecti towards, regardless of if Elizabeth. hoped which woul d not necessari t o unbl ock this new quota. The newest CO\JNCIL ( l
You ) used t the guy dra foot Council endment so you’re able to part 4 prop osed because of the t the guy J oint Trading a nd Payments Panel inside the C(51)218.
ase mount t their sheet on minut (‘ f:l we::;su0d to your 231 d..fuly, under.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Yards we nu t parece o f t h elizabeth.=step one:!litll_j:step one