31.3.lb OfficialJournaloftheEuropeanCommunities NoL85/15
II
(Actswhosepublicationisnotobligatory)
COUNCIL
COUNCILDECISION
of31March1976
ontheinterimmeasuresapplicabletotheoverseascountriesandterritoriesassociated
withtheEuropeanEconomicCommunityinmattersofestablishment ,services,
paymentsandcapitalmovements
(76/343/EEC)
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,astheproposedDecisionontheassociationofthe
overseascountriesandterritoriesentersintoforce,
HASDECIDEDASFOLLOWS :
Article1
Asregardsthearrangementsthatmaybeappliedin
mattersofestablishment andprovisionofservices,
therelevantauthoritiesofthecountriesandterritories
listedintheAnnexshalltreatnationalsand
companiesorfirmsofMemberStatesonanon­
discriminatory basis.
However,if,foragivenactivity,aMemberStateis
unabletoprovidesimilarbenefitstonationalsor
companiesorfirmsoftheFrenchRepublic,the
KingdomoftheNetherlandsortheUnitedKingdom
ofGreatBritainandNorthernIreland,established
inacountryorterritory,ortocompaniesorfirms
subjecttothelawsofthecountryorterritory
concernedandestablishedtherein,therelevant
authoritiesofthatcountryorterritoryshallnotbe
boundtorespecttheobligationcontainedinthe
firstparagraph .
Article2
ForthepurposesofthisDecision,'companiesor
firms'meanscompaniesorfirmsconstitutedunderHavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ,andinparticular
Article136thereof,
WhereastheACP-EECConventionofLomebetween
theAfrican,CaribbeanandPacificStatesandthe
EuropeanEconomicCommunityentersintoforceon
1April1976andwillincorporateprovisionsrelating
toestablishment ,services,paymentsandcapital
movements ;
WhereasaCouncilDecisionontheassociationofthe
overseascountriesandterritoriestotheEuropean
EconomicCommunityisenvisagedandwillinclude
provisionsrelatingtothesameareas;
Whereasinterimarrangements inmattersof
establishment ,services,paymentsandcapitalmove­
mentsapplicableinrelationswiththeoverseas
countriesandterritoriesassociatedwiththeEuropean
EconomicCommunity ,hereinaftercalled'the
countriesandterritories',shouldbelaiddown,due
regardbeingpaidtothoselaiddownfortherelations
withtheACPStates;
Whereasaprovisionshouldbelaiddowntothe
effectthatthisDecisionwillceasetoapplyassoon

NoL85/16 Official!JournaloftheEuropeanCommunities 31.3.76
(EEC)No1957/75relatingtotradeingoods,and
oftheprovisionsofthisDecisionrelatingtoservices
andestablishment .
Theseobligationsshallnothoweverpreventimple­
mentationofthenecessaryprotectivemeasures,in
conformitywithArticle4,shouldthisbejustifiedby
reasonsrelatingtoseriouseconomicdifficultiesor
severebalanceofpaymentsproblems.
Article4
Inrespectofforeignexchangetransactionslinked
withinvestmentsandcurrentpayments,therelevant
authoritiesofthecountriesandterritoriesonthe
onehandandtheMemberStatesontheothershall
avoid,asfaraspossible,takingdiscriminatory
measuresvis-a-viseachotheroraccordingmore
favourabletreatmenttothirdStates,takingfull
accountoftheevolvingnatureoftheinternational
monetarysystem,theexistenceofspecificmonetary
arrangementsandbalanceofpaymentsproblems.
Totheextentthatsuchmeasuresortreatmentare
unavoidabletheywillbemaintainedorintroduced
inaccordancewithinternationalmonetaryrulesand
everyeffortwillbemadetominimizeanyadverse
effectsonthepartiesconcerned.
Article5
ThisDecisionshallenterintoforceon1April1976.
Article6
ThisDecisionshallapplyuntiltheproposedDeci­
sionontheassociationoftheoverseascountriesand
territoriesentersintoforceanduntil31July1976
atthelatest.
Article7
ThisDecisionshallbepublishedintheOfficial
JournaloftheEuropeanCommunities .civilorcommerciallaw,includingcooperative
societiesandotherlegalpersonsgovernedbypublic
orprivatelaw,saveforthosewhicharenon-profit­
making.
ForthepurposesofthefirstparagraphofArticle1,
'companiesorfirmsofMemberStates'means
companiesorfirmsformedinaccordancewiththe
lawofaMemberStateandwhoseregisteredoffice,
centraladministration orprincipalplaceofbusiness
isinaMemberState;however,acompanyorfirm
havingonlyitsregisteredofficeinaMemberState
must,inordertosetupagencies,branchesor
subsidiariestherein,beengagedinanactivitywhich
has'aneffectiveandcontinuouslinkwiththe
economyofthatMemberState.
ForthepurposesofthesecondparagraphofArticle1,
'companiesorfirmsoftheFrenchRepublic,the
KingdomoftheNetherlandsortheUnitedKingdom
ofGreatBritainandNorthernIreland,establishedin
acountryorterritory'meanscompaniesorfirms
formedinaccordancewithFrench,DutchorUnited
Kingdomlaw,asthecasemaybe,andwhose
registeredoffice,centraladministration orprincipal
placeofbusinessisinthatcountryorterritory;
however,acompanyorfirmhavingonlyitsregistered
officeinacountryorterritorymust,inordertoset
upagencies,branchesorsubsidiariestherein,be
engagedinanactivitywhichhasaneffectiveand
continuouslinkwiththeeconomyofthatcountry
orterritory.
ForthepurposesofthesecondparagraphofArticle1,
'companiesorfirmssubjecttothelawsofthe
countryorterritoryconcernedandestablished
therein'meanscompaniesorfirmsformedunder
thelawofagivencountryorterritoryandwhose
registeredoffice,centraladministration orprincipal
placeofbusinessisinthatcountryorterritory;
however,acompanyorfirmhavingonlyitsregistered
officeinthatcountryorterritorymust,inorderto
setupagencies,branchesorsubsidiariestherein,be
engagedinanactivitywhichhasaneffectiveand
continuouslinkwiththeeconomyofthatcountry
orterritory.
Article3
Withregardtocapitalmovementslinkedwithinvest­
mentsandtocurrentpayments,therelevantauthori­
tiesofthecountriesandterritoriesandtheMember
Statesshallrefrainfromtakingactioninthefieldof
foreignexchangetransactionswhichwouldbein­
compatiblewiththeirobligationsresultingfromthe
applicationoftheprovisionsofCouncilRegulationDoneatBrussels,31March1976.
FortheCouncil
ThePresident
G.THORN

31.3.76 OfficialJournaloftheEuropeanCommunities NoL85/17
ANNEX
ListofthecountriesandterritoriesreferredtoinArticle1
(Thislistdoesnotprejudicethestatusofthesecountriesandterritoriesnoworinthefuture)
1.OverseascountriesoftheKingdomoftheNetherlands :
—theNetherlandsAntilles(Aruba,Bonaire,Curaçao,StMartin,Saba,StEustatius).
2.OverseasterritoriesoftheFrenchRepublic:
—SaintPierreandMiquelon,
—Mayotte,
—TerritoryoftheAfarsandIssas,
—NewCaledoniaandDependencies ,
—WallisandFutunaIslands,
—FrenchPolynesia,
—FrenchSouthernandAntarcticTerritories .
3.OverseascountriesandterritoriesoftheUnitedKingdomofGreatBritainandNorthern
Ireland:
—Belize,
—Brunei,
—AssociatedStatesintheCaribbean (Antigua,Dominica,StLucia,StVincent,StKitts,
NevisandAnguilla),
—CaymanIslands,
—FalklandIslandsandDependencies ,
—GilbertIslands,
—SolomonIslands,
—TurksandCaicosIslands,
—BritishVirginIslands,
—Montserrat ,
—Pitcairn,
—StHelenaandDependencies ,
—Seychelles,
—BritishAntarcticTerritory,
—BritishIndianOceanTerritory,
—Tuvalu.
4.Anglo-French Condominium oftheNewHebrides.
5.CountriesprovisionallycoveredbythisDecision :
—TheComoros,
—Surinam.