Council Regulation (EEC) No 640/90 of 5 March 1990 amending Regulation (EEC) No 2843/72 on safeguard measures provided for in the Agreement between the European Economic Community and the Republic of Iceland

COUNCIL REGULATION (EEC) No 640/90 of 5 March 1990 amending Regulation (EEC) No 2843/72 on safeguard measures provided for in the Agreement between the European Economic Community and the Republic of Iceland
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 a Supplementary Protocol to the Agreement between the European Economic Community and the Republic of Iceland was signedon 31 October 1989 with the aim of eliminating and preventing quantitative restrictions on exports or measures having  equivalent effect (1);
Whereas the Protocol provides for the insertion in the Agreement of a specific safeguard clause designed to
mitigate the problems likely to arise as a result of the abolition of the export restrictions; whereas implementing provisions should be laid down by amending Regulation (EEC) No 2843/72 (2);
Whereas Article 7 of the said Regulation provides that, in order to avoid compromising the unity of the common market, the Commission may propose to the Council that
the Regulation, and in particular Article 4 (3) thereof, be amended as necessary in the light of experience; whereas,
in the context of the completion of the internal market in 1992, the national safeguard measures should be abolished and replaced by a Community procedure in accordance
with the detailed rules set by the Council in Decision 87/373/EEC (3),