Decision of the Standing Committee of the EFTA States No 5/2004/SC of 23 September 2004 establishing a principle of cost sharing for the EEA Financial Mechanism
Date: 2004-09-24
Institutions: Standing Committee of the EFTA States
Subjects: EFTA countries, EU financing, European Economic Area

L 168/48

EN

Official Journal of the European Union

30.6.2005

STANDING COMMITTEE OF THE EFTA STATES

DECISION OF THE STANDING COMMITTEE OF THE EFTA STATES

No 5/2004/SC

of 23 September 2004

establishing a principle of cost sharing for the EEA Financial Mechanism

THE STANDING COMMITTEE OF THE EFTA STATES,

Having regard to the Agreement on the European Economic Area as adjusted by the Protocol Adjusting the
Agreement on the European Economic Area, hereinafter referred to as the EEA Agreement,

Having regard to the Agreement on the participation of the Czech Republic, the Republic of Estonia, the
Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic
of Malta, the Republic of Poland, the Republic of Slovenia, and the Slovak Republic in the European
Economic Area, hereinafter referred to as the EEA Enlargement Agreement,

Having regard to Protocol 38a on the EEA Financial Mechanism inserted into the EEA Agreement by the
EEA Enlargement Agreement,

Having regard to the Agreement between the Kingdom of Norway and the European Community on a
Norwegian Financial Mechanism for the period 2004 to 2009,

Having regard to the Decision of the Standing Committee of the EFTA States No 4/2003/SC of 4 December
2003 establishing an EEA Financial Mechanism Interim Committee,

Having regard to the Decision of the Standing Committee of the EFTA States No 4/2004/SC of 3 June 2004
establishing a Financial Mechanism Committee,

HAS DECIDED AS FOLLOWS:

Article 1

The contributions of the EEA EFTA Member States to the EEA Financial Mechanism for the period 2004 to
2009 are to be determined on the basis of the Annex to this Decision.

This Decision shall take immediate effect.

Article 2

Article 3

This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of
the European Union.

Done at Brussels, 23 September 2004.

For the Standing Committee

The President

Kjartan JÓHANNSSON

The Secretary-General

William ROSSIER

30.6.2005

EN

Official Journal of the European Union

L 168/49

ANNEX

TECHNICAL DESCRIPTION OF COST SHARING OF THE EEA FINANCIAL MECHANISM FOR THE PERIOD
2004 TO 2009

1. The contributions of the EEA EFTA Member States to the EEA Financial Mechanism are to be based on Gross
Domestic Product (GDP) for the three most recent years for which data is available. For any EEA EFTA Member
State, the share to be applied for the financial year t, is to be calculated according to the following formula:

Share (t) = ((GDP(t-4)/GDPEFTA

(t-4)) + (GDP(t-3)/GDPEFTA

(t-3)) + (GDP(t-2)/GDPEFTA

(t-2))) : 3

2.

In this formula, GDPEFTA denotes the overall GDP of the EEA EFTA Member States while GDP denotes the GDP of the
EEA EFTA Member State in question.

3. The contribution of an individual EEA EFTA Member State to each of the five annual tranches of the Financial
Mechanism thus corresponds to that State’s share of GDP in the overall GDP of the EEA EFTA Member States,
averaged over the three most recent years for which data is available.

4. The data on GDP shall be delivered by the EEA EFTA Member States’ National Statistical Institutes (NSIs).

5. Contributions shall be expressed in euro.

6. The GDP figures for Liechtenstein, which does not officially provide such data, shall be estimated by dividing the GDP
for Switzerland by the resident population of Switzerland and multiplying the result by the resident population of
Liechtenstein.

7. The GDP data on which the contributions for a specific year t are to be based, shall be delivered by 1 February of the

same year and shall relate to the years t-4, t-3 and t-2.