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ts of Austria, Greace and you may Chicken, at 1ts 143rd Appointment cn 30th Summer The option concerni ng Ice1and had elizabeth nvi saoed a grant of

The newest CO\JNCIL ( l

step one.5 mi11ion t o Ice1and f ar t he months J u1y-e big date b1ocking Iceland’s qu ota we n Elizabeth.P.You. New Counci1 got deferred cor.s ideration from t his deci s we towards. C.A good. as well as the newest Controlling Board out of Age.P.You. into the a good cknow1 age dging Ice1andls updates just like the an effective structura1 loans or, although Ice1andic Bodies got grave second thoughts about whether the matter suggested wou1d be adequate t o wave Ice 1and aver the 3 days several months in journey ion. There had been a few explanations why for this nervousness:- ( we ) (ii ) OvJing t o the newest seasona1 chara(;ter from Iceland’ s exports, that time involved – and you may especia11y brand new weeks regarding J u1y and you may August – try a1ways particu1ar1y difficu1t to have Ice1and step 1 s ba1ance out of money. Brand new partia1 1ibora1isation of We ce1and 1 s imports when you look at the Apri got triggered, nnd wou1d for some time in the future remain t O produce, re1at1ve1y high imports of several free Country dating sites items t hat got 1i bera1ised. It absolutely was fe1t that it wou1d be diff 1cu1t t o f orete11 the brand new age xact number you prefer.ed f or the bui1ding 1p of norma1 trading carries out of the newest commodities involved and you will, beaause off t he sood dictate away from liber nlisation, t the guy Icel andic Goverrunent was extremely re1uctant to ‘ provides t o retract t hese methods. / / /

55 – step three – C /Yards (51) 27 ( Pro v. ) Howe observar, shortly after reviewing the condition carefully, his Bodies got authorised this new Icelandic Delegation t o deal with the fresh new draf t ended inside the paragra)h 4 from the proposal of one’s J oint Exchange and you will money Commi ttee. The brand new Icelandic Government should do all things in its electricity t o build age nds see wi thi letter the brand new f ramewor k wh

t the newest Dealing with Board of E. P.U., the brand new Age. C. An excellent. additionally the Counc we l wauld, for the due path, take into the amicable c o ns l

rati o letter a software t o l ift the latest clogging of the Icelandic quota within the E.P. U. The brand new Representative on All of us said that E.c.Good. is happy t ha t the brand new Govr=rnment_o.l’ Ice1and undertake ed the plans envisa6ed in the draf t Counc>l Choice at the Annex IV t o C(51)214.

i ch tt got suitable for the fresh meantime credi t, the brand new E. C. A beneficial. had a t tempted to capture very carefully under consideration each one of the considerations br ought t o its attract because of the t he Member regarding Iceland. On the basis of present we n creation, Elizabeth. C.A beneficial. wished and you may bel ieved t hat thi s special meantime credj t, i letter combinati.towards wtth almost every other resour ces in the di sposal out-of

During the detarmining t the guy f igure w

the guy Government out-of We celand, create establish sufficient for its requi r e myself nts. The newest Age. C. A beneficial., naturally, stood able at all times t o remark, t ogether wi t h this new Mana ging Bcard, any demand one mi ght be placed t o this new Board within connecti to the, though E. C. Good. wished which woul d not necessari t o unbl ock the quota.

You ) used t the guy dra foot Council endment to section 4 prop osed from the t he J oint Trade an effective nd Repayments Committee into the C(51)218.

ase mount t their sheet into minut (‘ f:l we::;su0d for the 231 d..fuly, under.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M i nu t es o f t h elizabeth.=1:!litll_j:1