98/486/EC: Council Decision of 29 July 1998 concerning the approval of a Memorandum of Understanding between the European Community and the Dominican Republic on import protection for milk powder in the Dominican Republic

COUNCIL DECISION of 29 July 1998 concerning the approval of a Memorandum of Understanding between the European Community and the Dominican Republic on import protection for milk powder in the Dominican Republic (98/486/EC)
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 113 in conjunction with Article 228(2) first sentence thereof,
Having regard to the proposal from the Commission,
Whereas the Dominican Republic has requested a rectification of its schedule under the Marrakech Agreement establishing the World Trade Organisation for eight tariff items;
Whereas only one of these items, milk powder, is of economic interest to the Community;
Whereas the Dominican Republic has offered a tariff quota of 32 000 tonnes of which 70 % would be reserved for the Community;
Whereas the Community will manage its share of the tariff quota according to a mechanism of export licences as established by Community regulations,