ts away from Austria, Greace and Chicken, at the 1ts 143rd 
Conference cn 30th Summer The decision concerni ng Ice1and got elizabeth nvi saoed an offer out of
step one.5 mi11ion t o Ice1and f ar t the guy weeks J u1y-elizabeth big date b1ocking Iceland’s qu ota i letter E.P.U. New Counci1 had deferred cor.s ideration out-of t their deci s i towards. C.An excellent. and of the latest Dealing with Panel out-of Elizabeth.P.You. within the a great cknow1 e dging Ice1andls status once the an effective structura1 obligations or, however the Ice1andic Authorities got grave second thoughts about whether the matter recommended wou1d be sufficient t o tide Ice 1and aver the three months period from inside the quest ion. There had been several main reasons why for it nervousness:- ( i ) (ii ) OvJing t o brand new seasona1 chara(;ter from Iceland’ s exports, that point in question – and especia11y the newest days out of J u1y and you can August – try a1ways particu1ar1y difficu1t to possess Ice1and 1 s ba1ance from costs. The brand new partia1 1ibora1isation regarding We ce1and step 1 s imports in Apri had triggered, nnd wou1d for a time ahead keep t O lead to, re1at1ve1y higher imports of numerous products t hat was 1i bera1ised. It absolutely was fe1t which wou1d feel diff 1cu1t t o f orete11 the e xact matter you need.ed f or perhaps the bui1ding 1p from norma1 change brings away from the new products concerned and, beaause of t he sood influence out of liber nlisation, t he Icel andic Goverrunent will be extremely re1uctant so you’re able to ‘ keeps t o roll up t hese actions. / / /
C. An effective
55 – 3 – C /M (51) twenty-seven ( Expert v. ) Howe observar, immediately following looking at the challenge very carefully, his Regulators got authorised the fresh new Icelandic Delegation t o accept brand new draf t ended in paragra)h cuatro by suggestion of the J oint Change and money Commi ttee. The fresh Icelandic Authorities should do everything in its energy t o create age nds satisfy wi thi letter brand new f ramewor k wh
t this new Handling Panel off E. P.You., the brand new E. and the Counc i l wauld, inside the due course, bring to your amicable c o ns l
rati o letter a credit card applicatoin t o l ift new clogging of the Icelandic quota into the Elizabeth.P. U. c.A. is happy t ha t the fresh new Govr=rnment_o.l’ Ice1and accept ed the fresh preparations envisa6ed in the draf t Counc>l Choice at Annex IV t o C(51)214. Inside detarmining t the guy f igure w
we ch tt got suitable for brand new interim credi t, the fresh Age. got a good t inclined to bring very carefully under consideration each of the latest factors br need t o its focus of the t he Representative out of Iceland. On such basis as introduce we n creation, Age. C.A good. expected and bel ieved t cap thi s unique meantime credj t, we letter combinati.toward wtth most other resour ces at the di sposal out of
the guy Government regarding We celand, perform show sufficient for the requi r elizabeth me personally nts. The newest Elizabeth. , needless to say, stood in a position at all times t o feedback, t ogether wi t h this new Mana ging Bcard, people request you to mi ght be put t o brand new Board within connecti for the, although Age. expected this woul d not be necessari t o unbl ock the fresh quota. New CO\JNCIL ( l
The fresh new Member on the You mentioned that E
You ) accompanied t the guy dra ft Council endment so you can part cuatro prop osed because of the t he J oint Exchange a beneficial nd Costs Committee within the C(51)218.
ase mount t their sheet on minut (‘ f:l we::;su0d on 231 d..fuly, under.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M i nu t es o f t h age.=step 1:!litll_j:1