AGREEMENT in the form of on exchange of letters between the European Economic Community and Hungary concerning Article 66

A. Letter from the Community

Sir,

I have the honour to refer to the discussions concerning Article 66 of the Europe Agreement.

I hereby confirm that with regard to the provisions of Article 66 of the Europe Agreement, the access to contract award procedures in Hungary granted to Community companies upon entry into force of the Agreement pursuant to Article 66 shall apply to Community companies established in Hungary in the form of subsidiaries as described in Article 44 and in the forms described in Article 54. Notwithstanding the provisions of Article 66, Community companies established in Hungary in the form of branches and agencies as described in Article 44 shall have access to contract award procedures in Hungary at the latest by the end of the transitional period referred to in Article 6.

I should be obliged if you would confirm that the Government of the Republic of Hungary is in agreement with the contents of this letter.

Accept, Sir, the assurance of my highest consideration.

On behalf of the Community

B. Letter from Hungary

Sir,

I have the honour to acknowledge receipt of your letter of today's date which reads as follows:

'I have the honour to refer to the discussions concerning Article 66 of the Europe Agreement;

I hereby confirm that with regard to the provisions of Article 66 of the Europe Agreement, the access to contract award procedures in Hungary granted to Community companies upon entry into force of the Agreement pursuant to Article 66 shall apply to Community companies established in Hungary in the form of subsidiaries as described in Article 44 and in the forms described in Article 54. Notwithstanding the provisions of Article 66, Community companies established in Hungary in the form of branches and agencies as described in Article 44 shall have access to contract award procedures in Hungary at the latest by the end of the transitional period referred to in Article 6.

I should be obliged if you would confirm that the Government of the Republic of Hungary is in agreement with the contents of this letter.`

I have the honour to confirm that my Government is in agreement with the contents of this letter.

Accept, Sir, the assurance of my highest consideration.

For the Government of Hungary