CELEX: 
Language: en
Date: 1987-12-31 00:00:00
Title: Council Decision of 21 December 1987 concerning the conclusion of the Second Protocol on financial cooperation between the European Economic Community and the Socialist Federal Republic of Yugoslavia #Second Protocol on financial cooperation between the European Economic Community and the Socialist Federal Republic of Yugoslavia

31 . 12 . 87                               Official Journal of the European Communities                                      No L 389 / 65
                                                            COUNCIL
                                                          COUNCIL DECISION
                                                          of 21 December 1987
                       concerning the conclusion of the Second Protocol on financial cooperation between the
                             European Economic Community and the Socialist Federal Republic of Yugoslavia
                                                              ( 87 / 604/ EEC )
  THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                                The text of the Protocol is attached to this Decision .
  Having regard to the Treaty establishing the European
  Economic Community , and in particular Article 238                                                    Article 2
  thereof,
                                                                          The President of the Council shall give the notification
 Having regard           to   the    recommendation    from    the        provided for in Article 16 ( 2 ) of the Protocol ( 3 ).
  Commission (*),
 Having       regard     to    the    assent of  the    European
 Parliament ( 2 ),                                                                                      Article 3
 Whereas the Protocol on financial cooperation between the
 European Economic Community and the Socialist Federal
                                                                          This Decision shall be published in the Official Journal of
 Republic of Yugoslavia signed on 10 December 1987                        the European Communities . It shall take effect on the day
                                                                          of its publication .
 should be approved ,
 HAS DECIDED AS FOLLOWS :
                                Article 1                                 Done at Brussels , 21 December 1987 .
The second Protocol on financial cooperation between the                                                              For the Council
European Economic Community and the Socialist Federal                                                                  The President
Republic of Yugoslavia is hereby approved on behalf of the
Community .                                                                                                            B. HAARDER
(») OJ No C 235 , 1 . 9 . 1987 , p. 5 .
( 2 ) Assent delivered on 16 December 1987 ( not yet published in
      the Official Journal .                                               3 ) See page 96 of this Official Journal .
 ---documentbreak---                                                                                                                          31 . 12 . 87
No L 389 / 66                             Official Journal of the European Communities
                                                      SECOND PROTOCOL
             on financial cooperation between the European Economic Community and the Socialist Federal
                                                       Republic of Yugoslavia
              THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
              on the one part , and
              THE FEDERAL EXECUTIVE COUNCIL OF THE ASSEMBLY OF THE SOCIALIST FEDERAL
              REPUBLIC OF YUGOSLAVIA ,
              of the other part ,
              REAFFIRMING their resolve to implement, in the framework of the Mediterranean policy of the enlarged
              Community , a cooperation which will contribute to the economic development of Yugoslavia and promote the
              strengthening of relations between the Community and Yugoslavia ,
              ANXIOUS to pursue to this end the financial cooperation provided for in the Cooperation Agreement between
              the European Economic Community and the Socialist Federal Republic of Yugoslavia ,
              HAVE DECIDED to conclude this Protocol and to this end have designated as their Plenipotentiaries:
              THE COUNCIL OF THE EUROPEAN COMMUNITIES :
                  Jakob Esper LARSEN ,
                  Ambassador Extraordinary and Plenipotentiary ,
                  Permanent Representative of Denmark,
                  Chairman of the Permanent Representatives Committee ;
                  Jean DURIEUX ,
                  Special Adviser in the Directorate-General for External Relations of the Commission of the European
                  Communities ;
              THE FEDERAL EXECUTIVE COUNCIL OF THE ASSEMBLY OF THE SOCIALIST FEDERAL REPULIC
              OF YUGOSLAVIA :
                  Jozef KOROSEC ,
                  Ambassador Extraordinary and Plenipotentiary ;
              WHO , having exchanged their full powers, found in good and due form ,
              HAVE AGREED AS FOLLOWS :
                           Article 1                                    according to the conditions specified in this Protocol , in the
                                                                        financing of projects designed to contribute to the
 The Community shall participate, within the framework of               economic development of Yugoslavia and in particular
 financial cooperation provided for in the Cooperation                  those of common interest to Yugoslavia and the
 Agreement between the European Economic Community                      Community .
 and the Socialist Federal Republic of Yugoslavia , and
 ---pagebreak--- 31 . 12 . 87                               Official Journal of the European Communities                                No L 389 / 67
                              Article 2                                Yugoslav banks and the credit bodies and institutions of
                                                                       Member States or of third States , of international finance
 For the purposes specified in Article 1 and for a period              organizations , would take part.
 expiring on 30 June 1991 , an aggregate amount of 550
 million ECU may be committed in the form of loans from
 the European Investment Bank , hereinafter called 'the
 Bank' granted from its own resources in accordance with
 the arrangements , conditions and procedures laid down in                                        Article 6
 its Statute .
                                                                       Organizations    of   associated    Labour    established    in
                                                                       accordance with Yugoslav law , whether or not including
                                                                       foreign participations , shall have access on equal terms to
                              Article 3                                the financing earmarked for financial cooperation .
 1 . The amount fixed in Article 2 shall be used to part
 finance specific capital projects submitted to the Bank with
 the agreement of the Socialist Federal Republic of
Yugoslavia by banks or organizations of associated labour                                         Article 7
 having their seat in Yugoslavia .
                                                                       The execution , management and maintenance of projects
                                                                      financed within the framework of financial cooperation
 2 . The major part of this amount shall be used to finance            between the Socialist Federal Republic of Yugoslavia
 projects concerning transport infrastructures of a common             and the European Economic Community shall be
 interest , in particular the trans-yugoslav highway including        the responsibility of the beneficiaries referred to in
 its feeder roads and the remaining part shall be used to             Article 3 ( 1 ).
 finance other development projects .
                                                                       The Bank shall ensure that its loans are utilized in
 3 . ( a ) Projects shall be examined for eligibility and loans        accordance with the agreed allocations and under optimum
                                                                       economic conditions .
           granted in accordance with the detailed rules ,
           conditions and procedures laid down by the Bank's
           Statute .
     (b ) Loans granted by the Bank shall be subject to terms                                    Article 8
           as to duration established on the basis of the
           economic and financial characteristics of projects,        All natural and legal persons coming within the scope
           also taking into account the conditions obtaining on       of the Treaty establishing the European Economic
           the capital markets on which the Bank procures its         Community and all legal persons of the Socialist Federal
           resources .
                                                                      Republic of Yugoslavia may participate on equal terms in
                                                                      tendering procedures and other procedures for the award
     (c) The interest rate shall be determined in accordance          of contracts likely to be financed . Such legal persons
           with the Bank's practice at the time of signature of       formed in accordance with the law of a Member State of
           each loan contract .                                       the Community or of the Socialist Federal Republic of
                                                                      Yugoslavia must have their registered offices , their
                                                                      administrative head offices or their principal establishments
                             Article 4                                in the territories in which the Treaty establishing the
                                                                     European Economic Community is applied or in the
1 . The amounts to be committed each year shall be                   Socialist Federal Republic of Yugoslavia ; however , where
distributed as evenly as possible throughout the period of           only their registered offices are in those territories or in the
application of this Protocol . During the initial period of          Socialist Federal Republic of Yugoslavia , the activities of
application , however , a proportionately higher amount              such legal persons must be effectively and continuously
may , within reasonable limits , be committed .                      linked with the economy of those territories or of the
                                                                     Socialist Federal Republic of Yugoslavia .
2 . Any funds not committed by the end of the period
referred to in Article 2 may be used , until exhausted . In
that event the funds shall be used under the same
conditions as provided for in this Protocol .                                                    Article 9
                                                                      Yugoslavia shall apply to contracts awarded for the
                                                                     execution of projects financed within the framework of
                             Article 5                                financial cooperation , fiscal and customs arrangements at
                                                                     least as favourable as those applied in respect of most
Loans granted by the Bank for the execution of projects              favoured state or most favoured international organization
may take the form of co-financing in which , in particular ,         in the field of development .
 ---pagebreak--- No L 389 / 68                           Official Journal of the European Communities                               31 . 12 . 87
                         Article 10                                                         Article 14
Yugoslavia shall take the necessary measures to ensure that        One year before the expiry of this Protocol , the
interest and all other payments due to the Bank in respect         Contracting Parties shall examine what arrangements could
of loans granted in the context of financial cooperation are       be made for financial cooperation during a possible further
exempted from any taxes of levies imposed by the federal           period .
authorities, the republics, the autonomous provinces or the
communal authorities .
                                                                                            Article 15
                                                                   This Protocol shall be annexed to the Cooperation
                          Article 11
                                                                   Agreement between the European Economic Community
                                                                   and the Socialist Federal Republic of Yugoslavia signed in
The provision of a guarantee by the Socialist Federal              Belgrade on 2 April 1980 .
Republic of Yugoslavia or other sufficient guarantees shall
be required by the Bank as a condition for granting
loans .                                                                                     Article 16
                                                                   1 . This Protocol shall be subject to approval in
                          Article 12                               accordance with the Contracting Parties' own procedures ;
                                                                   the Contracting Parties shall notify each other that the
Throughout the duration of the loans accorded pursuant to          procedures necessary to this end have been completed .
this Protocol , Yugoslavia shall undertake to take all
 necessary measures in conformity with its national                2 . This Protocol shall enter into force on the first day of
legislation to make available to debtors enjoying such loans       the second month following the date on which the
 and to guarantors of the loans the foreign currency               notifications provided for in paragraph 1 have been
necessary for the payment of interest, commission and              given .
 other charges and repayment of the principal .
                                                                                            Article 17
                          Article 13                               This Protocol is drawn up in two original copies in the
                                                                   Danish , Dutch , English , French , German , Greek , Italian ,
 The results of financial cooperation may be examined              Portuguese, Spanish and Serbo-Croat languages , each of
 within the Cooperation Council .                                  these texts being equally authentic.
 ---pagebreak--- 31 . 12 . 87                             Official Journal of the European Communities                         No L 389 / 69
              En fe de lo cual , los plenipotenciarios abajo firmantes suscriben el presente Protocolo .
              Til bekræftelse heraf har undertegnede befuldmægtigede underskrevet denne protokol .
             Zu Urkund dessen haben die unterzeichneten Bevollmächtigten ihre Unterschriften unter dieses
             Protokoll gesetzt .
             Εις πίστωση των ανωτέρω, οι υπογεγραμμένοι πληρεξούσιοι έθεσαν τις υπογραφές τους στο
              παρόν πρωτόκολλο .
             In witness whereof the undersigned Plenipotentiaries have signed this Protocol .
             En foi de quoi , les plénipotentiaires soussignés ont apposé leurs signatures au bas du présent
             protocole .
             In fede di che, i plenipotenziari sottoscritti hanno apposto le loro firme in calce al presente
             protocollo .
             Ten blijke waarvan de ondergetekende gevolmachtigden hun handtekening onder dit Protocol
             hebben gesteld .
             Em fé do que, os plenipotenciários abaixo assinados apuseram as suas assinaturas no final do
             presente Protocolo .
             U potvrdu čega , dole potpisani opunomoćenici su stavili svoje potpise na kraju ovog protokola .
             Hecho en Bruselas, el diez de diciembre de mil novecientos ochenta y siete .
             Udfærdiget i Bruxelles , den tiende december nitten hundrede og syvogfirs .
             Geschehen zu Brüssel am zehnten Dezember neunzehnhundertsiebenundachtzig.
              Εγινε στις Βρυξέλλες, στις δέκα Δεκεμβρίου χίλια εννιακόσια ογδόντα εφτά .
             Done at Brussels on the tenth day of December in the year one thousand nine hundred and
             eighty-seven .
             Fait à Bruxelles , le dix décembre mille neuf cent quatre-vingt-sept .
             Fatto a Bruxelles , addì dieci dicembre millenovecentottantasette.
             Gedaan te Brussel , de tiende december negentienhonderd zevenentachtig .
             Feito em Bruxelas , em dez de Dezembro de mil novecentos e oitenta e sete.
             Sačinjeno u Brislu , desetog decembra hiljadu devet stotina osamdeset i sedme .
 ---pagebreak--- No L 389 / 70                         Official Journal of the European Communities 31 . 12 . 87
             Por el Consejo de las Comunidades Europeas
             For Rådet for De Europæiske Fællesskaber
             Für den Rat der Europäischen Gemeinschaften
             Για το Συμβούλιο των Ευρωπαϊκών Κοινοτήτων
             For the Council of the European Communities
             Pour le Conseil des Communautés européennes
             Per il Consiglio delle Comunità europee
             Voor de Raad van de Europese Gemeenschappen
             Pelo Conselho das Comunidades Europeias
             Za Savet Evropskih Zajednica
 ---pagebreak--- 31 . 12 . 87                         Official Journal of the European Communities                          No L 389 / 71
             Por el Consejo Ejecutivo Federal de la Asemblea de la República Federativa Socialista de
             Yugoslavia
             For Det Føderative Eksekutivråd for Den Socialistiske Føderative Republik Jugoslaviens For­
             samling
             Für den Föderativen Exekutivrat der Versammlung der Sozialistischen Föderativen Republik
             Jugoslawien
             Για το Ομοσπονδιακό Εκτελεστικό Συμβούλιο της Ομοσπονδιακής Σοσιαλιστικής Δημοκρα­
             τίας της Γιουγκοσλαβίας
             For the Federal Executive Council of the Assembly of the Socialist Federal Republic of
             Yugoslavia
             Pour le conseil exécutif fédéral de l'assemblée de la république socialiste fédérative de
             Yougoslavie
             Per il Consiglio esecutivo federale dell'Assemblea della Repubblica socialista federativa di
             Iugoslavia
             Voor de Federale Executieve Raad van de Vergadering van de Socialistische Federatieve Republiek
             Joegoslavië
             Pelo Conselho Executivo Federal da República Socialista Federativa da Jugoslávia
             Za Savezno Izvršno Veće Skupštine Socijalističke Federativne Republike Jugoslavije