EN Official Journal of the European Communities L 327/18

AGREEMENT

in the form of an exchange of letters between the European Community and the Republic of Iceland concerning certain agricultural products

Brussels, ...

Sir,

I have the honour to refer to the Agreement in the form of an exchange of letters of 2 May 1992 between the European Economic Community and the Republic of Iceland concerning certain agricultural products and to the negotiations which have taken place between the two parties with a view to adapting the said Agreement and establishing trade arrangements for certain agricultural products in the spirit of Article 15 of the EEC-Iceland Free Trade Agreement, consequent on the Accession of the Republic of Austria, the Republic of Finland and the Kingdom of Sweden to the European Union.

I hereby confirm that the results of the negotiations were as follows:

1. Iceland and the Community agree that, from 1 January 1995, the concessions granted by the Republic of Iceland under the abovementioned exchange of letters shall be extended to the enlarged Community.

2. From 1 January 1995 the Community will open for Iceland the annual tariff quotas set out in Annex I hereto.

3. The rules of origin for the application of the quotas referred to in point 2 above are set out in Annex II hereto.

This exchange of letters shall be approved by the Contracting Parties in accordance with their normal procedures.

I should be obliged if you would confirm your agreement with the contents of this letter.

Please accept, Sir, the assurance of my highest consideration.

For the Government of the Republic of Iceland

Brussels, ...

Sir,

I have the honour to acknowledge receipt of your letter of today's date which reads as follows:

‘I have the honour to refer to the Agreement in the form of an exchange of letters of 2 May 1992 between the European Economic Community and the Republic of Iceland concerning certain agricultural products and to the negotiations which have taken place between the two parties with a view to adapting the said Agreement and establishing trade arrangements for certain agricultural products in the spirit of Article 15 of the EEC-Iceland Free Trade Agreement, consequent on the Accession of the Republic of Austria, the Republic of Finland and the Kingdom of Sweden to the European Union.

I hereby confirm that the results of the negotiations were as follows:

1. Iceland and the Community agree that, from 1 January 1995, the concessions granted by the Republic of Iceland under the abovementioned exchange of letters shall be extended to the enlarged Community.

2. From 1 January 1995 the Community will open for Iceland the annual tariff quotas set out in Annex I hereto.

3. The rules of origin for the application of the quotas referred to in point 2 above are set out in Annex II hereto.

This exchange of letters shall be approved by the Contracting Parties in accordance with their normal procedures.

I should be obliged if you would confirm your agreement with the contents of this letter.’

I have the honour to confirm that the Community is in agreement with the contents of your letter.

Please accept, Sir, the assurance of my highest consideration.

On behalf of the Council of the European Union

ANNEX I Annual tariff quotas granted by the European Community to the Republic of Iceland CN code Description Quantity Rate of duty 0101 19 10 0101 19 90 Live horses 100 head free 0204 Meat of sheep or goats, fresh, chilled or frozen 750 t carcase weight equivalent free