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 the 1998/1999 delivery period

A. Letter No 1

Brussels, 13 December 1999

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 delivery period 1 July 1998 to 30 June 1999, 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: EUR 52,37 per 100 kilograms;

(b) for white sugar: EUR 64,65 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 the European Union

B. Letter No 2

Brussels, 13 December 1999

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 delivery period 1 July 1998 to 30 June 1999, 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: EUR 52,37 per 100 kilograms;

(b) for white sugar: EUR 64,65 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 of the Republic of India

En nombre del Consejo de la Unión Europea/På vegne af Rådet for Den Europæiske Union/Im Namen des Rates der Europäischen Union/Εξ ονόματος του Συμβουλίου της Ευρωπαϊκής Ένωσης/On behalf of the Council of the European Union/Au nom du Conseil de l'Union européenne/A nome del Consiglio dell'Unione europea/Namens de Raad van de Europese Unie/Em nome do Conselho da União Europeia/Euroopan unionin neuvoston puolesta/På Europeiska unionens råds vägnar

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En nombre del Gobierno de la República de la India/For regeringen for Republikken Indien/Für die Regierung der Republik Indien/Για την κυβέρνηση της Δημοκρατίας της Ινδίας/For the Government of the Republic of India/Au nom du gouvernement de la République de l'Inde/A nome del governo della Repubblica dell'India/Namens de regering van de Republiek India/Pelo Governo da República da Índia/Intian tasavallan hallituksen puolesta/På Republiken Indiens regerings vägnar

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