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AGREEMENT

in the form of an exchange of letters between the European Economic Community and the Republic of India on the guaranteed prices for cane sugar for the 1983/84 delivery period

Letter No 1

Sir,

1. Within the framework of the negotiations provided for in Article 5 (4) of the Agreement between the European Economic Community and India on cane sugar, the representative of the Commission acting on behalf of the European Economic Community, and the representative of India, have agreed on the following:

- for the period 1 July 1983 to 30 June 1984 the guaranteed prices referred to in Article 5 (4) of the Agreement shall, for the purposes of intervention within the terms of Article 6 of the said Agreement, be:

(a) for raw sugar: 44,34 ECU per 100 kilograms;

(b) for white sugar: 54,68 ECU per 100 kilograms.

These prices shall refer to sugar of standard quality as defined in Community legislation, unpackaged, cif, free out European ports of the Community.

2. Although retroactivity is not provided for in respect of the 1983/84 prices, it is agreed that this year's decision does not prejudice the position of India in relation to retroactivity in any future negotiation in accordance with Article 4 (3) of the Agreement in question.

I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and your reply constitutes 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 Communities

Letter No 2

Sir,

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

'1. Within the framework of the negotiations provided for in Article 5 (4) of the Agreement between the European Economic Community and India on cane sugar, the representative of the Commission acting on behalf of the European Economic Community, and the representative of India, have agreed on the following:

- for the period 1 July 1983 to 30 June 1984 the guaranteed prices referred to in Article 5 (4) of the Agreement shall, for the purposes of intervention within the terms of Article 6 of the said Agreement, be:

(a) for raw sugar: 44,34 ECU per 100 kilograms;

(b) for white sugar: 54,68 ECU per 100 kilograms.

These prices shall refer to sugar of standard quality as defined in Community legislation, unpackaged, cif, free out European ports of the Community.

2. Although retroactivity is not provided for in respect of the 1983/84 prices, it is agreed that this year's decision does not prejudice the position of India in relation to retroactivity in any future negotiation in accordance with Article 4 (3) of the Agreement in question.

I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and your reply constitutes 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