AGREEMENT

in the form of an exchange of letters between the European Community and the Republic of India on the guaranteed prices for cane sugar for 1993/94

A. Letter No 1

Brussels, 7 December 1994

Sir,

The representatives of India and of the Commission, acting on behalf of the European Community, have agreed within the framework of the negotiations provided for in Article 5 (4) of the Agreement between the European Economic Community and the Republic of India on cane sugar, on the following.

For the period 1 July 1993 to 30 June 1994, the guaranteed prices referred to in Article 5 (4) of the Agreement shall, for the purpose of intervention within the terms of Article 6 of the Agreement, be:

(a) for raw sugar: ECU 43,37 per 100 kilograms;

(b) for white sugar: ECU 53,54 per 100 kilograms.

These prices shall refer to sugar of standard quality as defined in Community legislation, unpacked, cif, free out of European ports of the Community. The introduction of these prices in no way prejudices the respective positions of the Contracting Parties in respect of the principles appertaining to the determination of the guaranteed prices.

I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and your reply constitute an Agreement between your Government and the Community.

Please accept, Sir, the assurance of my highest consideration.

On behalf of the Council of theEuropean Union >REFERENCE TO A FILM>

B. Letter No 2

Brussels, 7 December 1994

Sir,

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

'The representatives of India and of the Commission, acting on behalf of the European Community, have agreed within the framework of the negotiations provided for in Article 5 (4) of the Agreement between the European Economic Community and the Republic of India on cane sugar, on the following.

For the period 1 July 1993 to 30 June 1994, the guaranteed prices referred to in Article 5 (4) of the Protocol shall, for the purpose of intervention within the terms of Article 6 of the Protocol, be:

(a) for raw sugar: ECU 43,37 per 100 kilograms;

(b) for white sugar: ECU 53,54 per 100 kilograms.

These prices shall refer to sugar of standard quality as defined in Community legislation, unpacked, cif, free out of European ports of the Community. The introduction of these prices in no way prejudices the respective positions of the Contracting Parties in respect of the principles appertaining to the determination of the guaranteed prices.

I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and your reply constitute an Agreement between your Government and the Community.`

I have the honour to confirm the Agreement of my Government with the foregoing.

Please accept, Sir, the assurance of my highest consideration.

For the Government ofthe Republic of India >REFERENCE TO A FILM>