CELEX: 51976PC0396
Language: en
Date: 1976-07-23 00:00:00
Title: RECOMMENDATION FOR A REGULATION (EEC) OF THE COUNCIL on the conclusion of the Commercial Cooperation Agreement between the European Economic Community and the People's Republic of Bangladesh. (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
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DOCUMENTS "COM"
COM (76) 396
Vol. 1976/0119
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 ---pagebreak---    COMMISSION OF THE EUROPEAN COMMUNITIES
                 •                         v-                  _  :      /
                               "                       f'
                                                    COM(76 ) 396 final .
                                                    Brussels . 23 July 1976 .
               RECOMMENDATION FOR A REGULATION (EEC ) OP THE COUNCIL
            on the conclusion of the Commercial Cooperation Agreement
                     ■between the European Economic Community and
                          the People 's Republic of Bangladesh .
                   ( submitted to the Council by the Commission )
                                    /
                                  \
COM(76) 396 final .
 ---pagebreak---                                                              1/241 / 76-E
                            EXPLANATORY MEMORANDUM
1.    On 15 October 1974 "the Council authorized the Commission to enter
into negotiations with Bangladesh for a Commercial Cooperation Agreement ;     at
the same time the Council approved a series of directives for the nego­
tiations , and these were supplemented on 20th May 1975 with am additional
directive on the question of access to natural resources .
2.    Formal negotiations with Bangladesh took place in two sessions , on
2nd July 1975 and. 10th/l1th March 1976 , ajid a total of five meetings were
held of the Special Committee set up under Article 113 of the Treaty of Rome ,
to advise the Commission on points arising out of the negotiations . Agree­
ment having been reached thereon between the two delegations , the following
texts in the English language were initialled on 18th May 1976 :
- Commercial , Cooperation Agreement between the European Economic Community
   and the People , s Republic of Bangladesh ;
- Annex I , being a Joint Declaration concerning the functioning of the
   Joint Commission ;
- Annex II , being an exchange of letters on bilateral tariff bindings
   by the Community ;
- Annex III , being a declaration of the European Economic Community concern­
   ing tariff adjustments ;
- Annex IV , being a declaration of the Government of the People 's Republic
   of Bangladesh concerning tariff adjustments .
Attention is here drawn to the fact that , when the Council approved the
negotiation directives , it was foreseen that Bangladesh would request tariff
                                               VJf
concessions on a number of products of exporv ^wrest to it , but no specific
provision was made in the directives for such concessions .    The concessions
now proposed are the subject of the exchange of letters in Annex II .
3.    The terms of the proposed agreement are very similar to those of the
Commercial Cooperation Agreements concluded with India, Sri Lanka and
Pakistan , such few innovations as occur having been introduced either in
recognition of the special characteristics of the Bangladesh economy or in
 ---pagebreak--- an endeavour to fulfil the Council * s supplementary directive on natural
resources .   For the former reason , two clauses have "been included in the
Preamble referring to Bangladesh " as one    of the least developed of the
developign oourrtries " and recognizing " the special characteristics and needs"
of its economy . In Article 1 , "comparative advantage" has "been omitted as
a "basis for developing commercial exchanges (though it remains in the
Preamble ) , and "raising the volume of their mutual trade " has been added as
an objective alongside improving the trade balance . In Article 4 it is
specified that the particular measures to be talcen to promote the develop­
ment and diversification of trade shall be " relevant to the improvement
of export opportunities " and would " contribute to realising the trade
potential of the economies " of the Contracting Parties . These provisions
reflect the fact that , in its present undiversified stage of development ,
Bangladesh needs not only favourable external conditions for exports , but
also assistance in creating internal capacity to benefit from such conditions .
There is also an addition to the list of the tasks proposed for the Joint
Commission, namely Article 10(e ), which reads :
      " to devise and recommend measures , including assistance for the
        training of executives and for publioity , market intelligence and
        expert services , to promote the development and diversification of
        trade between the Contracting Parties ."
This spells out certain measures which Bangladesh hopes the Community will
undertake under the aegis of the Joint Commission .
4.    The negotiation of Annex I was affected by the Council 's supplementary
directive of 20th May 1975 » which reads as follows :
      "The Commission will endeavour to obtain the insertion in the
        Agreement of provisions guaranteeing non-discriminatory access
        of the Community to the natural resources of Bangladesh . Under
        its terms of reference , the Joint Committee could be instructed
        to examine and explore the ways and means of a cooperation between
        the Community and Bangladesh in this field ."
 ---pagebreak--- In the course of    negotiations , the Bangladesh aide made clear that its
Government could    not accept a provision concerning access to natural
resouroes which ,   on the face of it , failed to treat "both Contracting Parties
equally. Basing     itself on the second sentence of the directive , the
Commission therefore negotiated the following addition to the precedential
version of Annex Is
       "4 . Subject to the agreement of the Contracting Parties when
            drawing up the agenda of the Joint Commission, this may
            include cooperation on mutually satisfactory terms in
            the development and utilization of natural resources and
            in other areas which may be identified as of particular
            importance to the trade potential of Bangladesh. 11 .
Though expressed in terms which relate equally to both Contracting Parties ,
this paragraph will in practice (as acknowledged by the Bangladesh nego­
tiators ) be applied exclusively to questions arising in connection with
natural resources in Bangladesh .     The concluding olause , covering " other
areas which may be identified as of particular importance to the trade
potential of Bangladesh", is to be interpreted in the light of Article 5
whioh permits economic cooperation, where linked with trade .
5.     The text of the introductory paragraph of the Community 's letter in
Annex II expresses more clearly than its counterpart in the Indian and
Sri Lanka Agreements that the tariff ooncession being granted is a bilateral
binding in favour of Bangladesh of existing autonomous tariff rates . Of
the nine items included in the appended list , one , the fish Hilsa . is an
" ex" item from a tariff Bub-heading which is autonomously free in the CCT ;
three (tea in packages not exceeding 3 kg; tea otherwise packed; and East India
Kips not exceeding 4»5 kg)         already bound under the agreements with India and
Sri Lanka; and five are types of semi–finished leather (East India Kips
4 « 5 to 8 kg; bovine skins wet-blue ; and sheep , goat and other skins not
further prepared than tanned) which Community processors import as raw
materials and on which duties have been suspended in recent years .
 ---pagebreak---                                        - 4 -
 6m    Annexes III and IV differ from the corresponding annexes of the Indian
 and Sri Lanka agreements only in -that the statement in Annex IV that
 Ban adoeh fnsvy notify the Community of products in respeot of which tariff
concessions are desired is specifically noted by the Community in Annex III#
 This change was introduced for the sake of symmetry "between the two Annexes .
7«     The Commission considers that the terms of the proposed Agreement
itself and of its Annexes I t III and IV are consistent with the directives
given by the Council , and that it is desirable to grant Bangladesh the
bilateral tariff bindings foreseen in Annex II, in respect of which no
specific directive was given. The Commission accordingly recommends that
the Council :
    agree to the tariff concessions set out in Annex Ily
r- approve the proposal for a Commercial Cooperation Agreement with the
    People 's Republic of Bangladesh, inclusive of four Annexes , in the
    terms of the appended texts ;  and
– initiate tne procedures for the signature and conclusion of the said
    Agreement .
8.     Uitn a view to the conclusion and implementation of the Agreement , the
Commission herewith lays before the Council :
- a Recommendation for a Regulation (EEC ) of the Council on the conclusion
    of the Commercial Cooperation Agreement with the People 's Republic of
    Bangladesh .
 ---pagebreak---  In the course of negotiations , the Bangladesh side made clear that its
Government could not accept a provision concerning aooess to natural
resouroes which , on the faoe of it , failed to treat "both Contracting Parties
equally. Basing itself on the second sentence of the directive , the
Commission therefore negotiated the following addition to the precedential
version of Annex Is
      "4 . Subject to the agreement of the Contracting Parties when
           drawing up the agenda of the Joint Commission , this may-
           include cooperation on mutually satisfactory terms in
           the development and utilization of natural resources and
           in other areas which may be identified as of particular
           importable e to the trade potential of Bangladesh ." ,
Though expressed in terms which relate equally to both Contracting Parties ,
this paragraph will in practice (as acknowledged by the Bangladesh nego­
tiators ) be applied exclusively to questions arising in connection with
natural resources in Bangladesh .     The concluding olause , covering " other
areas which may be identified as of particular importance to the trade
potential of Bangladesh", is to be interpreted in the light of Article 5
whioh permits economic cooperation, where linked with trade .
5.    The text of the introductory paragraph of the Community 's letter in
Annex II expresses >more clearly than its counterpart in the Indian and
Sri Lanka Agreements that the tariff ooncesBion being granted is a bilateral
binding in favour of Bangladesh of existing autonomous tariff rates .       Of
the nine items included in the appended list , one , the fish Hilsa. is an
" ex" item from a tariff sub-heading     which is autonomously free in the CCT ;
three (tea in packages not exceeding 3 kg; tea otherwise packed ; ana East India
Kips not exceeding 4*5 kg) are already bound under the agreements with India and
Sri Lanka; and five are types of semi-finished leather (East India Kips
4.5 to 8 kg; bovine skins wet-blue ; and sheep , goat and other skins not
further prepared than tanned) which Community processors import as raw
materials and on which duties have been suspended in recent years .
 ---pagebreak---                                        - 4 -
6.     Annexes III and IV differ from the corresponding annexes of "the Indian
and Sri Lanka agreements only in that the statement in Annex IV that
Bangladesh may notify the Community of products in respect of which tariff
concessions are desired is specifically noted by the Community in Annex III.
This change was introduced for the sake of symmetry between the two annexes .
7 . The Commission considers that the terms of the proposed Agreement
itself and of its Annexes I t III and IV are consistent with the directives
given by the Council , and that it is desirable to grant Bangladesh the
bilateral tariff bindings foreseen in Annex II , in respect of which no
specific directive was given. The Commission accordingly recommends that
the Council :
- agree to the tariff concessions set out in Annex II ;
- approve the proposal for a Commercial Cooperation Agreement with tne
    People 's Republic of Bangladesh , inclusive of four Annexes , in the
    terms of the appended texts ;  and
- initiate the. procedures for the signature and conclusion of the said
    Agreement .
 8.     With a view to the conclusion and implementation of the Agreement , the
 Commission herev/ith lays before the Councils
 - a Recommendation for a Regulation (EEC ) of the Council on the conclusion
    of the Commercial Cooperation Agreement with the People 's Republic of
    Bangladesh .
 ---pagebreak---                                        - 5-                     1/241 /76-E
                RECOMMENDATION FOR A REGULATION (EEC ) OP THE COUNCIL
            on the conclusion of the Commercial Cooperation Agreement
                    between the European Economic Community and
                         the People * s Republic of Bangladesh
THE COUNCIL OP THE EUROPEAN COMUNITIES ,
Having regard to the Treaty establishing the European Economio Community,
and in particular Articles 113 and 114 thereof ;
Having regard to the Recommendation from the Commission ;
Whereas the Commercial Cooperation Agreement negotiated "between the
European Economio Community and the People * s Republio of Bangladesh should
be concluded ;
HAS ADOPTED THIS REGULATION :
                                  Article 1
The Commercial Cooperation Agreement between the European Economic Community
and the People 's Republic of Bangladesh , the text of which is annexed to this
Regulation, is hereby concluded on behalf of the Community.
                                  Article 2
The President of the Council shall notify the other Contracting Party in
accordance xtfith Article 15 of the Agreement of the completion , as regards
the Community , of the procedures necessary for the entry into force of this
Agreement .
                                  Article 3
The Community shall be represented on the Joint Commission provided for xn
Article 8 of the Agreement by the Commission of the European Communities ,
assisted by representatives of the Member States .
 ---pagebreak---                                       - 6-
                                    Article 4
  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 applicab
  in all Member States .
  Done at Brussels ,                197°
                                                       For the Council
                                                        The President
 ---pagebreak---                                        -7 -                     l/241/76-E
                        COMMERCIAL COOPERATION AGREEMENT
                  "between "the European Economic Community axid
                      the People 's Republic of Bangladesh
THE COUNCIL OF HIE EUROPEAN COMMUNITIES , of the one part ,
THE GOVERNMENT OP THE PEOPLE 'S REPBULIC OP BANGLADESH, of the other part ,
HAVING REGARD to the friendly relations and historic links between the
Member States of the European Economio Community and Bangladesh and their
common desire to consolidate and expand their commercial and eoonoraio
relations ;
INSPIRED by their determination to strengthen, deepen and diversify their
oommeroial and eoonomio relations on the basis of comparative advantage and
mutual benefit ;
CONSIDERING Bangladesh as one of the least developed of the developing
countries ;
CONSCIOUS of the special characteristics and needs of the economy of
Bangladesh ;
AFFIRMING their common will to contribute to a new phase of international
economio oooperation , and to facilitate the development of their respective
human and material resources on the basis of freedom , equality and justioe ;
VIEWING modern commercial polioy as an important instrument for furthering
international economio cooperation ;
HAVE DECIDED to conclude a Commercial Cooperation Agreement and to this end
have designated as their Plenipotentiaries !
THIS COUNCIL OF THE EUROPEAN COMMUNITIES :
THE GOVIiMtylENT OF THE PEOPLE 'S REPUBLIC OF BANGLADESH :
WHO , having exohanged their Full Powers , found in good and due form ,
 ---pagebreak---                                     - 8 -
                                  Article 1
      The Contracting Parties are determined to develop 'their ooramercial
exchanges on the basis of mutual benefit so as to contribute to their
economic and sooial progress , and to improving the balance and raising
the volume of their mutual trade to as high a level as possible .
                                   Article 2
      The Contracting Parties shall , in their commercial relations , grant
each other most-favoured-nation treatment in aooordance with the provisions
of the General Agreement on Tariffs and Trade .
                                   Article 3
      Each Contracting Party shall grant the other the highest degree of
liberalization of imports and exports which it applies to third countries
 in general , and shall endeavour to provide maximum facilities compatible
with its policies and obligations for products of interest to the other
 Party .
                                   Article 4
       The Contracting Parties undertake to promote the development and
 diversification of their mutual trade to the highest possible level . They
 shall take all appropriate steps to fulfil this undertaking, including
 particular measures , relevant to the improvement of export opportunities ,
 which would contribute to realising the trade potential of their economies .
 ---pagebreak---                                     Artiole 5
      The Contracting Parties will develop their eoonomio oooperation,
where linked with trade , in fields of mutual interest and in the light of
developments in their economic policies .
                                    Artiole 6
      To assist in giving practical effeot to Articles 4 and 5 » "the Contracting
Parties agree to promote contacts and cooperation between their economic
organisations and to support institutions which have "been or may "be set up
to this end.
                                    Artiole 7
      The Contracting Parties shall endeavour to increase their cooperation
in oommeroial and related eoonomio matters in third countries , where this
will he in their mutual interest .
                                   Artiole 8
1.    A Joint Commission shall he set up comprising representatives of the
Community and of the People f s Republic of Bangladesh . It shall hold one •
session each year . Additional sessions may he convened hy common agreement
at the request of either Contracting Party .
2.    The Joint Commission shall adopt its own rules of procedure and work
programme .
3.    The Joint Commission may set up specialized Sub-Coramissipns to assist
it in the performance of its tasks .
 ---pagebreak---                                       - 10 -
                                     Article 9
       The Joint Commission shall aneur® the proper functioning of tnis
Agreement . It shall , in particular , devise and. recommend practical
measures for achieving the objectives of developing and diversifying trade
between the contracting Parties and shall examine any difficulties likely
to hinder those objectives .
                                     Artide 10
       The Joint Commission shall be further required :
 (a) to study and devise ways of overcoming trade barriers and in particular
      existing non-tariff and quasi-tariff barriers in the various sectors
      of trade , talcing into account the work undertaken in this field by the
      international organisations concerned ;
 (b ) to endeavour to encourage the development of economic and commercial
      cooperation between the Contracting Parties and their economic organ­
      isations , in order to facilitate the development and diversification
      of their trade ;
 (o ) to examine and recommend ways and means for the progressive adaptation of
      the trade pattern and marketing structures of the Contracting Parties
      with a view to promoting the evolution of their oommercial and economic
      relations in accordance with their complementary possibilities , as well
      as the long-term objectives of the economies of the Contracting Parties ,
       so as to rectify imbalances and maladjustments ;
  (d) to facilitate exchanges of information and encourage contacts on all
       subjects which may bear upon the prospects for cooperation in the
       economic field between the Contracting Parties on a mutually advantageous
      basis and upon the creation of favourable conditions for such cooperation;
  (e) to devise and recommend measures , including assistance for the training
       of executives ana for publicity, market intelligence and expert services ,
       to promote the development and diversification of trade between the
       Contracting Parties .
 ---pagebreak---                                   Artide 11
     The Joint Commission shall also ensure the proper functioning ot any
sectoral Agreements between the Contracting Parties and, to this end , shall
exercise the responsibilities entrusted to the joint bodies which have been
or may be set up under such Agreements .
                                  Article 12
     The provisions of this Agreement Bhall be substituted for provisions
of Agreements conoluded between Member States of the Community and the
People 's Republic of Bangladesh to the extent to whioh the latter are
either incompatible or identioal with them .
                                 Article 13
     This Agreement shall apply to the territories in which the Treaty
establishing the European Economic Community applies , on the conditions
established in the said Treaty , and to the territory of the People 's
Republio of Bangladesh.
 ---pagebreak---                                      - 12-
                                  Article 14
     The Annexes form an integral part of this Agreement .
                                  Article 15
1•   lhis Agreement shall enter into force on the first day of the month
following the date on which the Contracting Parties have notified, each other
of the completion of the procedures necessary for this purpose .
2.   This Agreement is concluded for a period of five years and shall be
extended from year to year if neither Contrasting Party denounces it six
months before it expires .
3.   The Contracting Parties may amend this Agreement at any time to take
acoount of new situations arising in the economic field and of the evolution
of economic policies on both sides .
                                   Article 16
     This Agreement is drawn up in two copies in the Bengali | Danish f Dutchj
English, French , German and Italian languages , each text being authentic .
                                                                                  f
                                                                               1 /
                                                                             '/
 ---pagebreak---                                                              M1TEX I
                                Joint Declaration
               concerning the functioning of the Joint Commission
1.    The representatives of the Contracting Parties in the Joint Commission
will transmit the agreed recommendations to their respective authorities ,
for consideration and action to "be taken as speedily and effectively as
possible .   In the event of the Joint Commission being unable to evolve
8, recommendation on a matter considered by either Contracting Party to be
urgent or important , it Bhall submit the views of the two sides to the said
authorities for further consideration.
2 . The Joint Commission should, when making proposals and recommendations ,
have due regard to the development plans of Bangladesh and to the progress
of economic , industrial , social , environmental and soientifio policies of
the Community as well as to the level of-^eoonomio development of the
Contracting Parties .
3.    The Joint Commission will examine possibilities of and make recommend­
ations for the effioient utilization of all available instruments , besides
most-favoured-nation tariffs and Generalized Preferences , to promote trade
in items of interest to Bangladesh.
4.    Subject to the agreement of the Contracting Parties when drawing up
the agenda of the Joint Commission, this may include oooperation on mutually
satisfactory terms in the development and utilization of natural resources
and in other areas which may be identified as of particular importance to
the trade potential of Bangladesh.
 ---pagebreak---                                           - 14 -
                                                               AHITEX II
Your Excellency ,
       During the discussion which led to the conclusion this day of the
Commercial Cooperation Agreement "between the European Economic Community
and the People*s Republic of Bangladesh , the Community declared that it is
prepared to "bind "bilaterally the tariffs already applied autonomously in
respect of the products listed "below which are of particular interest
to Bangladesh .      These concessions shall remain valid until they are con­
firmed , or modified , under the General Agreement on Tariffs and Trade , with
the agreement of both Contracting Parties .
                                   List of products concerned
   CCT                                                                   Binding
heading                             ■ Description                        proposed /o
   No .
  03.01 Fish, fresh ( live or dead), ohilled or frozen:
          A. Freshwater fish :
              ex IV . Other :
                        - Hilsa s pp.                                       free
  09.02   Tea :
          A. In immediate packings of a net capacity not
              exceeding 3 kg                                                  5
          B. Other                                                          free
  41.02 Bovine cattle leather ( including buffalo leather ) and
          equine leather , except leather falling within heading
          No . 41 - 06 , 41.07 or 41.08 :
          A. East India kip , whole , whether or not the heads and
              legs have been removed , weighing each not more than
              4.5 kg net , not further prepared than vegetable
              tanned , whether or not having undergone further pre­
              servative treatment with oil , but obviously unsuitable
              for immediate use in the manufacture of leather
              articles                                       -               free
          ex B. Other :
                  - Leather of East India kip , whole , whether or not
                     the heads and legs have been removed , weighing
                     each more than 4.5 kg net and not more than 8 kg,
                     not further prepared than vegetable tanned , whether
                     or not having undergone further preservative treat­
                     ment with oil , but obviously unsuitable for im­
                     mediate use in the manufacture of leather articles      free
                  - Bovine skins , chrome tanned in the moist state
                      (wet blue )                                            free
 ---pagebreak---                                     –  1 5 *•
 41.03   Sheep and lamb skin leather , exoept leather falling
         within heading No . 41.06 , 41.07 or 41«08l
         B. Other :
            I. Not further prepared than tanned                            free
 41.04   Goat and kid Bkin leather , except leather falling
         within heading No . 41.06 , 41 . 07 or 41 . 08 :
         B. Other :
            I. Not further prepared than tanned                            free
 41.05   Other kinds of leather , except leather falling
         within heading No . 41.06 , 41*07 or 41.08 :
         B. Other :
            I. Not further prepared than tanned                            free
     We should he grateful if you would kindly oonfirra the agreement
of the Government of the People 's Republic of Bangladesh to the oontonts
of this letter .
     Please accept , Your Exoellency , the assuranoe of our highest
consideration .
                                                           For the Council
                                                     of the European Communities
Head of the Bangladesh Delegation
 ---pagebreak---                                           - 16-
Sir ,
       I have the honour "to acknowledge receipt of your letter of today , 'whioh
reads as follows ?
        "During the discussion which led to the conclusion this day of the
         Commercial Cooperation Agreement between the European Economic Community
         and the Peopled Republic of Bangladesh, the Community declared that it
         is prepared to hind bilaterally the tariffs already applied autonomously
         in respect of the products listed below which are of particular interest
         to Bangladesh .     These concessions shall remain valid until/ they are
         confirmed, or modified, under the General Agreement on Tariffs and Trade ,
         with the agreement of both Contracting Parties#
                                    List of products concerned
   CCT                                                                      Bindmg
heading                                Description                          proposed 70
   No .
  03.01 Fish , fresh ( live or dead), chilled or frozen :
            A. Freshwater fish :
                ex IV . Other :
                                                                              free
                         - Hilsa spp .
  09.02     Tea :
            A. In immediate packings of a net capacity not
                exceeding 3 kg                                                   5
                                                                               free
            B. Other
  41.02     Bovine cattle leather ( including buffalo leather ) and
            equine leather , except leather falling within heading
            No . 41.06 , 41.07 or 41.08 :
            A. East India kip , whole , whether or not the heads and
                legs have been removed , weighing each not more than
                4.5 kg net , not further prepared than vegetable
                tanned , whether or not having undergone further pre­
                servative treatment with oil , but obviously unsuitable
                for immediate use in the manufacture of leather
                articles                                                       free
            ex B. Other :
                   - Leather of East India lap , whole , whether or not
                       the heads and legs have been removed , weighing
                       each more than 4.5 kg net and not more than 8 kg,
                       not further prepared than vegetable tanned , whether
                       or not having undergone further preservative treatment
                       with oil , but obviously unsuitable for immediate
                       use in the manufacture of leather articles               *
                                                                                free
                       Bovine skins , ohrome tanned in the moist state
                                                                                free
                        (wet blue )
 ---pagebreak---                                       - 17 -
 41.03 Sheep and lamb skin leather , exoept leather falling
         within heading No . 41.06 , 41.07 or 41.08 ;
         B. Other :
            I. Not further prepared than tanned                            free
 4.1-04  Goat and kid skin leather , except leather falling
         within heading No . 41.06 , 41 . 07 or 41.08 :
         B. Other :
            I. Not further prepared than tanned                            free
 41.05   Other kinds of leather , except leather falling
         within heading No . 41.06 , 41.07 or 41.08 :
         B. Other :
            I. Not further prepared than tanned                            free
       We should be grateful if you would kindly confirm the agreement
       of the Government of the People 's Republic of Bangladesh to the
       contents of this letter ."
      I have the honour to confirm the agreement of the Government of the
People 's Republic of Bangladesh to the contents of this letter .
      Please accept , Sir , the assurance of my highest consideration .
                                              For the Government of the
                                              People 's Republic of Bangladesh
Head of the Delegation of the European Economic Community
 ---pagebreak---                                    - 18 -
                                                            AlïïIEX III
        Declaration of the European Economic Community
                 concerning tariff adjustments
1.   On 1 July 1971 1 the Community autonomously introduced, a Generalized
Scheme of Preferences on the basis of Resolution 21 ( ll) of the Second
United Nations Conference on Trade and Development , 1968 .  The Community
is prepared , in the course of its endeavours to improve this system , to take
into account the interests of the People 1 s Republic of Bangladesh in the
extension and strengthening of its trade relations with the Community .
2.   The Community is also prepared to examine in the Joint Commission the
possibilities for further tariff adjustments to promote the development
of trade with Bangladesh .
3.   The Community notes that , in this connection , the People 's Republic
of Bangladesh may notify it of the list of products in respect of which
tariff concessions are desired , for examination in the Joint Commission.
4.   The Community understands that the People 's Republic of Bangladesh will
also be prepared to discuss in the Joint Commission the Communities proposals ,
if any , with regard to matters pertaining to the tariffs of the People 's
Republic of Bangladesh aimed at the development of trade between the
Contracting Parties , talcing into consideration the development needs 01
Bangladesh.
 ---pagebreak---                                      - 19 -
                                                             ΑΙΤΡΓΞΧ IV
   Declaration of the Government of the People 's Republic of Bangladesh
                       concerning tariff adjustments
1.    The People 's Republic of Bangladesh notes that the Community is
prepared , in the course of its endeavours to improve the system of
Geners-lifced Preferences , to take into account the interests of the People 's
Republic of Bangladesh in the extension and strengthening of its trade
relations with the Community , In this connection , the People 's Republic
of Bangladesh will identify for consideration by the Community the areas
in which the Community's Generalized Scheme of Preferences can be improved ,
more especially in the context of the provisions of the Joint Declaration
of Intent .
2.    The People 's Republic of Bangladesh further notes that the Community
is also prepared to examine in the Joint Commission the possibilities for
further tariff' adjustments to promote the development of trade with
Bangladesh.
3.    In this connection the People 's Republic of Bangladesh may notify
the Community of the list of products in respect of which tariff concessions
are desired , for examination in the Joint Commission.
4.    The People 's Republic of Bangladesh will also be prepared to discuss
in the Joint Commission the Community 's proposals , if any , with regard
to matters pertaining to the tariffs of the People 's Republic of Bangladesh
aimed at the development of trade between the Contracting Parties , taking
into consideration the development needs of Bangladesh.