PROTOCOL

on trade and commercial and economic cooperation between the European Coal and Steel Community (ECSC) of the one part and the Republic of Hungary of the other part

THE EUROPEAN COAL AND STEEL COMMUNITY (ECSC)

of the one part, and

THE REPUBLIC OF HUNGARY,

of the other part,

CONSIDERING the Agreement between the European Economic Community (EEC) and the People's Republic of Hungary on trade and commercial and economic cooperation concluded on 1 December 1988 (1) and covering those areas for which the said Community has responsibility,

PURSUING the same objectives and desirous of finding similar solutions for the areas which are the responsibility of the ECSC,

WISHING to supplement the abovementioned Agreement so that the same rules and principles shall apply to products covered by the ECSC Treaty,

NOTING the developments which have taken place since the conclusion of the said Agreement, and in particular the abolition by the Community of the specific quantitative restrictions on products covered by the EEC Treaty originating in Hungary,

HAVE AGREED AS FOLLOWS:

Article 1

Articles 1, 2, 3 (2), 5 and 13 to 21 of the Agreement between the European Economic Community and the People's Republic of Hungary on trade and commercial and economic cooperation concluded on 1 December 1988 shall also apply to the areas covered by the ECSC Treaty.

Article 2

Each Contracting Party shall accord the highest degree of liberalization which they generally apply to third countries to imports of the other's products, taking into account the provisions of GATT and of the Protocol for accession of the People's Republic of Hungary thereto.

To this end the quantitative restrictions on imports into certain Member States shown in the Annex of the products originating in Hungary and covered by the ECSC Treaty which are listed in that Annex shall be abolished from the date of entry into force of this Protocol.

Article 3

This Protocol shall apply on the one hand to the territories in which the ECSC Treaty is applied, under the conditions laid down in that Treaty, and on the other hand to the territory of the Republic of Hungary.

Article 4

This Protocol shall enter into force on the first day of the second month following the date on which the Contracting Parties notify each other of the completion of the procedures necessary for that purpose (2). It shall cease to apply where the Agreement referred to in Article 1 expires or is denounced.

Article 5

The Annex to this Protocol shall form an integral part thereof.

Article 6

This Protocol shall be drawn up in duplicate in the Danish, Dutch, English, French, German, Greek, Italian, Portuguese, Spanish and Hungarian languages, each text being equally authentic.

Done at Brussels, 31 October 1991.

For the European Coal

and Steel Community

Horst KRENZLER

Director-General

for External Relations

For the Republic of Hungary

Iván SZÁSZ

Head of the Polish Mission

to the European Communities

(1) OJ N° L 327, 30. 11. 1988.

(2) The Contracting Parties notified each other of the completion of the procedures necessary on 26 November 1991.

ANNEX

GERMANY

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BENELUX

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ITALY

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