21989A1013(02) 21989A1013(02) Supplementary Protocol to the Agreement between the European Economic Community and the Republic of Iceland concerning the elimination of existing and prevention of new q

Article 24

, either Contracting Party may refer the matter to the Joint Committee if it considers that a given practice is incompatible with the proper functioning of the Agreement within the meaning of Article 24

Article 25

, the difficulties arising from the situation referred to in that Article shall be referred for examination to the Joint Committee, which may take any decision needed to put an end to such difficulties. If the Joint Committee or the exporting Contracting Party has not taken a decision putting an end to the difficulties within 30 days of the matter being referred, the importing Contracting Party is authorized to levy a compensatory charge on the product imported. The compensatory charge shall be calculated according to the incidence on the value of the goods in question of the tariff disparities in respect of the raw materials or intermediate products incorporated therein. (c)

Article 25a

, the difficulties arising from the situations referred to in that Article shall be referred for examination to the Joint Committee. With regard to subparagraph (ii) of Article 25a, the threat of shortage shall be duly evidenced by appropriate quantitative and price indicators. The Joint Committee may take any decision needed to put an end to the difficulties. If the Joint Committee has not taken such a decision within 30 days of the matter being referred to it, the exporting Contracting Party is authorized to apply temporarily appropriate measures on the exportation of the product concerned. (d)

Article 26

, consultation in the Joint Committee shall take place before the Contracting Party concerned takes the appropriate measures. (e) Where exceptional circumstances requiring immediate action make prior examination impossible, the Contracting Party concerned may, in the situations specified in Articles 25, 25a, 26 and 27 and also in the case of export aids having a direct and immediate incidence on trade, apply forthwith the precautionary measures strictly necessary to remedy the situation.' Article 3 The following text shall be appended to the Agreement as Protocol 7: 'PROTOCOL 7 concerning the elimination of certain quantitative restrictions on exports Quantitative restrictions applied by the Community on exports to Iceland of the products listed below shall be eliminated at the latest on the dates indicated. Harmonized system Heading No Product description Date of elimination ex 74.04 Copper waste and scrap

2. 1992 ex 44.01 Fuel wood, of coniferous wood and pine and fir shavings
4. 1993 ex 44.03 Wood in the rough, whether or not stripped of its bark or merely roughed down - Other, not including poplar
6. 1993 Wood, roughly squared or half squared but not further manufactured - Other, not including poplar
8. 1993 ex 44.07 Wood sawn lengthwise, sliced or peeled but not further prepared, of a thickness exceeding 6 mm - Of coniferous wood not including small boards for the manufacture of boxes, sieves or riddles and the like
10. 1993 ex 41.01 Raw hides and skins of bovine animals weighing less than 6 kg per skin
12. 1992 ex 41.02 Raw skins of sheep and lambs
14. 1992 ex 41.03 Raw hides and skins of goats and kids
16. 1992 ex 43.01 Raw furskins of rabbits
18. 1992' Article 4 This Supplementary Protocol shall be approved by the Contracting Parties in accordance with their own procedures. It shall enter into force on 1 January 1990 provided that the Contracting Parties have notified each other before that date that the procedures necessary to this end have been completed. If the Supplementary Protocol does not enter into force on that date, it shall do so on the first day of the second month following such notification. Article 5 This Supplementary Protocol is drawn up in duplicate in the Danish, Dutch, English, French, German, Greek, Italian, Portuguese Spanish and Icelandic languages, each of these texts being equally authentic. Hecho en Bruselas, a veinticinco de julio de mil novecientos ochenta y nueve. Udfaerdiget i Bruxelles, den femogtyvende juli nitten hundrede og niogfirs. Geschehen zu Bruessel am fuenfundzwanzigsten Juli neunzehnhundertneunundachtzig. iEgine stis Vryxelles, stis eikosi pente Ioylioy chilia enniakosia ogdonta ennea. Done at Brussels on the twenty-fifth day of July in the year one thousand nine hundred and eighty-nine. Fait š Bruxelles, le vingt-cinq juillet mil neuf cent quatre-vingt-neuf. Fatto a Bruxelles, addü venticinque luglio millenovecentottantanove. Gedaan te Brussel, de vijfentwintigste juli negentienhonderd negenentachtig. Feito em Bruxelas, em vinte e cinco de Julho de mil novecentos e oitenta e nove. Gjoert ż Brussel, hinn tuttugasta og fimmta dag jŪlżmńnaėar nżtjńn hundruė ńttatżu og nżu. Por el Consejo de las Comunidades Europeas For Raadet for De Europaeiske Faellesskaber Fuer den Rat der Europaeischen Gemeinschaften Gia to Symvoylio ton Evropaikon Koinotiton For the Council of the European Communities Pour le Conseil des Communautłs europłennes Per il Consiglio delle Comunitš europee Voor de Raad van de Europese Gemeenschappen Pelo Conselho das Comunidades Europeias Fyrir hond rńds Evrėpubandalaganna Por el Gobierno de la RepŪblica de Islandia For regeringen for Republikken Island Fuer die Regierung der Republik Island Gia tin kyvernisi tis Dimokratias tis Islandias For the Government of the Republic of Iceland Pour le gouvernement de la rłpublique d'Islande Per il governo della Repubblica d'Islanda Voor de Regering van de Republiek IJsland Pelo Governo da RepŪblica da Islņndia Fyrir rikisstjėrn lydveldisins Īslands JOINT DECLARATION BY THE CONTRACTING PARTIES to the Supplementary Protocol to the Agreement between the European Economic Community and the Republic of Iceland concerning the elimination of existing and prevention of new quantitative restrictions affecting exports or measures having equivalent effect The Contracting Parties declare that Articles 7, 13a and 13b of the Agreement shall apply to products specified in Article 2 of the Agreement, - including the petroleum products specified in Article 14 of the Agreement, - excluding the products covered by the Agreement between the Member States of the European Coal and Steel Community and the European Coal and Steel Community, of the one part, and the Republic of Iceland of the other part.