Council Regulation (EEC) No 3178/85 of 11 November 1985 on the application of Decision No 1/85 of the EEC- Iceland Joint Committee altering the limits expressed in ECU in Article 8 of Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation
Date: 1985-11-11
Institutions: Council of the European Union
Subjects: Iceland, administrative cooperation, currency convertibility, euro, originating product, protocol to an agreement













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31985R3178

Council Regulation (EEC) No 3178/85 of 11 November 1985 on the application of Decision No 1/85 of the EEC- Iceland Joint Committee altering the limits expressed in ECU in Article 8 of Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation  


Official Journal L 301 , 15/11/1985 P. 0005 - 0005 Spanish special edition: Chapter 02 Volume 14 P. 0128  Portuguese special edition Chapter 02 Volume 14 P. 0128  





*****COUNCIL  REGULATION (EEC) No 3178/85  of 11 November 1985  on the application of Decision No 1/85 of the EEC-Iceland Joint Committee altering the limits expressed in ECU in Article 8 of Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation  THE COUNCIL OF THE EUROPEAN COMMUNITIES,  Having regard to the Treaty establishing the European Economic Community, and in particular Article 113 thereof,  Having regard to the proposal from the Commission,  Whereas the Agreement between the European Economic Community and the Republic of Iceland (1), signed on 22 July 1972, entered into force on 1 April 1973;  Whereas by virtue of Article 28 of Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation, which forms an integral part of the said Agreement, the Joint Committee adopted Decision No 1/85 further amending Article 8 of that Protocol;  Whereas it is necessary to apply that Decision in the Community,  HAS ADOPTED THIS REGULATION:  Article 1  Decision No 1/85 of the EEC-Iceland Joint Committee shall apply in the Community.  The text of the Decision is attached to this Regulation.  Article 2  This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.  This Regulation shall be binding in its entirety and directly applicable in all Member States.  Done at Brussels, 11 November 1985.  For the Council  The President  M. SCHLECHTER  (1) OJ No L 301, 31. 12. 1972, p. 2.  DECISION No 1/85 OF THE EEC-ICELAND JOINT COMMITTEE  of 10 June 1985  altering the limits expressed in ECU in Article 8 of Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation  THE JOINT COMMITTEE,  Having regard to the Agreement between the European Economic Community and the Republic of Iceland signed in Brussels on 22 July 1972,  Having regard to Protocol 3 concerning the definition of the concept of originating products and methods of administrative cooperation (1), and in particular Article 28 thereof,  Whereas the equivalents of the European units of account in some national currencies on 1 October 1984 were lower than their equivalents on 1 October 1982; whereas, this fact, as a result of the automatic change of base date provided for in Article 8 (4) of Protocol 3 would lead, on the conversion into the national currencies concerned, to a lowering of the effective limits for simplified documentary requirements; whereas, in order to avoid this, the limits expressed in ECU should be raised,  HAS DECIDED AS FOLLOWS:  Article 1  Article 8 of Protocol 3, as last amended, is hereby amended as follows:  - in paragraph 1 (b), '3 400 ECU' is replaced by '4 000 ECU',  - in paragraph 2, '240 ECU' is replaced by '280 ECU' and '680 ECU' by '800 ECU'.  Article 2  This Decision shall enter into force on 1 May 1985.  Done at Brussels, 10 June 1985.  For the Joint Committee  The Chairman  Tomas A. TOMASSON  (1) OJ No L 323, 11. 12. 1984, p. 377.