ADDITIONAL PROTOCOL to the Agreement between the European Economic Community and the Republic of Iceland consequent on the Accession of the Hellenic Republic to the Community

THE EUROPEAN ECONOMIC COMMUNITY,

of the one part,

and

THE REPUBLIC OF ICELAND,

of the other part,

CONSIDERING the accession of the Hellenic Republic to the European Communities on 1 January 1981,

HAVING REGARD to the Agreement between the European Economic Community and the Republic of Iceland signed in Brussels on 22 July 1972, hereinafter called "the Agreement",

HAVE DECIDED to determine by common accord the adjustments and transitional measures to the Agreement consequent on the accession of the Hellenic Republic to the European Economic Community

AND TO CONCLUDE THIS PROTOCOL:

TITLE I Adjustments

Article 1

The text of the Agreement, including the Annex and Protocols forming an integral part thereof, and the Final Act with the declarations annexed thereto, shall be drawn up in Greek and that text shall be authentic in the same way as the original texts. The Joint Committee shall approve the Greek text.

Article 2

The Hellenic Republic shall apply the provisions laid down in the table contained in Article 1 (3) of Protocol 1 to the Agreement to all products covered by Chapters 48 and 49 of the Common Customs Tariff originating in Iceland and not listed in Annex I.

TITLE II Transitional measures

Article 3

For the products listed in Annex I, the Hellenic Republic shall progressively abolish customs duties on imports of products originating in Iceland in accordance with the following timetable: - on 1 January 1981, each duty shall be reduced to 90 % of the basic duty,

- on 1 January 1982, each duty shall be reduced to 80 % of the basic duty,

- the four other reductions of 20 % each shall be made on: - 1 January 1983,

- 1 January 1984,

- 1 January 1985,

- 1 January 1986.

Article 4

1. For the products listed in Annex I, the basic duty to which the successive reductions provided for in Article 3 are to be applied shall, for each product, be the duty actually applied by the Hellenic Republic in respect of Iceland on 1 July 1980.

2. However, in respect of matches falling within heading No 36.06 of the Common Customs Tariff, the basic duty shall be 17 72 % ad valorem.

Article 5

1. For the products listed in Annex I, the Hellenic Republic shall progressively abolish charges having equivalent effect to customs duties on imports of products originating in Iceland in accordance with the following timetable: - on 1 January 1981, each charge shall be reduced to 90 % of the basic rate;

- on 1 January 1982, each charge shall be reduced to 80 % of the basic rate;

- the four other reductions of 20 % each shall be made on: - 1 January 1983,

- 1 January 1984,

- 1 January 1985,

- 1 January 1986.

2. The basic rate to which the successive reductions provided for in paragraph 1 are to be applied shall, for each product, be the rate applied by the Hellenic Republic on 31 December 1980 in respect of the Community as at present constituted.

3. Any charge having equivalent effect to a customs duty on imports, introduced as from 1 January 1979 in trade between Greece and Iceland, shall be abolished on 1 January 1981.

Article 6

If the Hellenic Republic suspends or reduces duties or charges having equivalent effect on products imported from the Community as at present constituted more quickly than under the established timetable, the Hellenic Republic shall also suspend or reduce, by the same percentage, those duties or charges having equivalent effect on products originating in Iceland.

Article 7

1. The variable component which the Hellenic Republic may apply in accordance with Article 1 of Protocol 2 to the Agreement to the products listed in Table I of that Protocol, originating in Iceland, shall be adjusted by the compensatory amount applied in trade between the Community as at present constituted and Greece.

2. For the products which are listed both in Table I of Protocol 2 to the Agreement and in Annex I to this Protocol, the Hellenic Republic shall abolish, in accordance with the timetable laid down in Article 3, the difference between: - the fixed component of the duty to be applied by the Hellenic Republic upon accession, and

- the duty (other than the variable component) shown in the last column of Table I of Protocol 2.

Article 8

1. The Hellenic Republic may retain quantitative restrictions until 31 December 1985 on products listed in Annex II, originating in Iceland.

2. The restrictions referred to in paragraph 1 shall take the form of global quotas which shall also be opened towards imports originating in Austria, Finland, Norway, Sweden and Switzerland.

The global quotas for 1981 are listed in Annex II.

3. The minimum rate of progressive increase for the quotas referred to in paragraph 2 shall be 25 % at the beginning of each year for quotas expressed in European units of account (EUA), and 20 % at the beginning of each year for quotas expressed in terms of volume. Such increases shall be added to each quota and the next increase calculated on the basis of the total thus obtained.

Where a quota is expressed in terms of both volume and value, the quota relating to volume shall be raised by at least 20 % a year and the quota relating to value by at least 25 % a year, the succeeding quotas to be calculated each year on the basis of the preceding quota plus the increase.

However, with regard to motor coaches and buses and other vehicles falling within subheading ex 87.02 A I of the Common Customs Tariff, the volume quota shall be raised by 15 % a year and the quota relating to value by 20 % a year.

4. Where it is found that imports into Greece of a product listed in Annex II have for two consecutive years been less than 90 % of the quota, the Hellenic Republic shall liberalize imports of that product originating in Iceland and in the countries listed in paragraph 2, if the product in question is at that time liberalized towards the Community as at present constituted.

5. If the Hellenic Republic liberalizes imports of a product listed in Annex II coming from the Community as at present constituted or increases a quota beyond the minimum rate applicable to the Community as at present constituted, the Hellenic Republic shall also liberalize imports of that product originating in Iceland or increase the global quota proportionally.

6. Regarding licenses for imports of products listed in Annex II and originating in Iceland, the Hellenic Republic shall apply the same administrative rules and practices as applied to such imports originating in the Community as at present constituted, with the exception of the quota for fertilizers falling within heading Nos 31.02 and 31.03 and subheadings 31.05 A I, II and IV of the Common Customs Tariff, where the Hellenic Republic may apply the rules and practices relevant to exclusive marketing rights.

Article 9

1. Import deposits and cash payments in force in Greece on 31 December 1980 with regard to imports of products originating in Iceland shall be progressively eliminated over a period of three years from 1 January 1981.

The rate of import deposits and cash payments shall be reduced in accordance with the following timetable: - 1 January 1981 : 25 %,

- 1 January 1982 : 25 %,

- 1 January 1983 : 25 %,

- 1 January 1984 : 25 %.

2. If, in respect of the Community as at present constituted, the Hellenic Republic reduces the rate of import deposits or cash payments more quickly than under the timetable set out in paragraph 1, the Hellenic Republic shall make the same reduction with regard to imports of products originating in Iceland.

TITLE III General and final provisions

Article 10

The Joint Committee shall make any amendments which may be necessary to the origin rules consequent on the accession of the Hellenic Republic to the European Communities.

Article 11

The Annexes to this Protocol form an integral part thereof. This Protocol forms an integral part of the Agreement.

Article 12

This Protocol shall be approved by the Contracting Parties in accordance with their own procedures. It shall enter into force on 1 January 1981, provided that the Contracting Parties have notified each other before that date that the procedures necessary to this end have been completed. After that date, the Protocol shall enter into force on the first day of the second month following such notification.

Article 13

This Protocol is drawn up in duplicate, in the Danish, Dutch, English, French, German, Greek, Italian and Icelandic languages, each of these texts being equally authentic.

Udfærdiget i Bruxelles, den sjette november nitten hundrede og firs.

Geschehen zu Brüssel am sechsten November neunzehnhundertachtzig.

Done at Brussels on the sixth day of November in the year one thousand nine hundred and eighty.

Fait à Bruxelles, le six novembre mil neuf cent quatre-vingt. >PIC FILE= "T0012462">

Fatto a Bruxelles, addì sei novembre millenovecentoottanta.

Gedaan te Brussel, de zesde november negentienhonderd tachtig.

Gjört í Brussel hinn 6. nóvember 1980.

For Det europæiske økonomiske Fællesskab

Für die Europäische Wirtschaftsgemeinschaft

For the European Economic Community

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Per la Comunità economica europea

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For republikken Island

Für die Republik Island

For the Republic of Iceland

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Per la Repubblica d'Islanda

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ANNEX I List referred to in Article 4

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ANNEX II

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