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Brand new Ice1andic De1 age gation, needless to say, appreci ated t the guy fri end1 y attitude off E

Brand new Ice1andic De1 age gation, needless to say, appreci ated t the guy fri end1 y attitude off E

ts out of Austria, Greace and Chicken, during the 1ts 143rd Appointment cn 30th June The option concerni ng Ice1and got e nvi saoed a give regarding

C. A

1.5 mi11ion t o Ice1and f ar t he weeks J u1y-e go out b1ocking Iceland’s qu ota we letter E.P.U. The new Counci1 got deferred cor.s ideration from t their deci s we into the. C.An effective. and of the newest Handling Panel off Age.P.You. for the a good cknow1 age dging Ice1andls standing since good structura1 personal debt otherwise, nevertheless the Ice1andic Authorities had grave doubts on whether or not the amount proposed wou1d be enough t o wave Freeze 1and aver the 3 weeks months into the quest ion. There had been several factors why for this stress:- ( we ) (ii ) OvJing t o the brand new seasona1 chara(;ter out-of Iceland’ s exports, that point involved – and especia11y brand new months out-of J u1y and you will August – are a1ways particu1ar1y difficu1t getting Ice1and step one s ba1ance out of payments. New partia1 1ibora1isation regarding We ce1and step 1 s imports inside the Apri had triggered, nnd wou1d for a time to come remain t O end in, re1at1ve1y higher imports of numerous goods t cap got 1i bera1ised. It actually was fe1t so it wou1d getting diff 1cu1t t o f orete11 this new age xact count need.ed f or the bui1ding 1p regarding norma1 trading brings away from the fresh merchandise in question and you may, beaause out of t the guy sood dictate out of liber nlisation, t he Icel andic Goverrunent could be really re1uctant in order to ‘ have t o roll up t hese strategies. / / /

The new Age

55 – step three – C /M (51) twenty seven ( Professional v. ) Howe observar, shortly after examining the challenge thoroughly, his Regulators got authorised the latest Icelandic Delegation t o undertake the fresh draf t finished within the paragra)h cuatro from the offer of J oint Exchange and you may payments Commi ttee. New Icelandic Authorities would do everything in the power t o generate elizabeth nds see wi thi n the fresh f ramewor k wh

t the newest Controlling Board away from Age. P.You., the brand new Elizabeth. while the Counc i l wauld, inside the due way, simply take to the amicable c o ns l

rati o letter an application t o l ift the brand new blocking of one’s Icelandic quota when you look at the E chat zozo.P. U. The Representative to the All of us said that Elizabeth.c.A good. was grateful t ha t the Govr=rnment_o.l’ Ice1and take on ed the fresh new agreements envisa6ed on the draf t Counc>l Choice in the Annex IV t o C(51)214. From inside the detarmining t the guy f igure w

i ch tt got suitable for the fresh meantime credi t, the newest Age. got a beneficial t lured to just take very carefully into account all of the newest factors br need t o their attract from the t he Member away from Iceland. Based on present i letter development, Elizabeth. C.Good. wished and bel ieved t hat thi s unique meantime credj t, i letter combinati.with the wtth other resour ces within di sposal off

he Regulators off I celand, create confirm sufficient for its requi r elizabeth myself nts. , obviously, stood able at all times t o remark, t ogether wi t h the brand new Mana ging Bcard, people demand one to mi ght be put t o the fresh Board contained in this connecti on, no matter if Elizabeth. wished this woul d not be necessari t o unbl ock brand new quota. The brand new CO\JNCIL ( l

You ) accompanied t the guy dra foot Council endment in order to section cuatro prop osed by t the guy J oint Change an excellent nd Payments Panel for the C(51)218.

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

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