SECOND ADDITIONAL PROTOCOL to the Agreement between the European Economic Community and the Republic of Iceland consequent on the accession of the Kingdom of Spain and the Portuguese Republic to the Community

THE EUROPEAN ECONOMIC COMMUNITY,

of the on part, and

THE REPUBLIC OF ICELAND,

of the other part,

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, and to the Additional Protocol to that Agreement consequent on the accession of the Kingdom of Spain and the Portuguese Republic to the Community, signed in Brussels on 14 July 1986,

WHEREAS, under Regulation (EEC) N° 839/88, the collection of customs duties as applied by the Community of Ten to certain products imported from Spain and Portugal was totally suspended once the level of the duties fell to 2 % or less;

WHEREAS, on 15 June 1988, the Ministers of the Member States of the European Free Trade Association agreed to take similar measures on products imported from Spain;

WHEREAS the Additional Protocol to the Agreement does not make provision for the Republic of Iceland to suspend customs duties on goods imported from Spain;

WHEREAS, however, no further measures are necessary in trade between the Republic of Iceland and the Portuguese Republic, since the customs duties on products covered by the Agreement imported into Iceland from Portugal had already been abolished before that country acceded to the Community,

HAVE DECIDED, by common accord, to provide for the total suspension of customs duties on products covered by the Agreement imported into Iceland from Spain, when such duties fall to 2 % or less, and

TO CONCLUDE THIS PROTOCOL:

Article 1

1. The collection of customs duties applicable in Iceland, pursuant to Article 3 of the Additional Protocol to the Agreement, on products imported from Spain shall be totally suspended as soon as the level of the duties falls to 2 % ad valorem or less.

2. Paragraph 1 shall apply mutatis mutandis to specific customs duties the level of which does not exceed 2 % ad valorem.

Article 2

This Protocol shall form an integral part of the Agreement.

Article 3

This Protocol shall be approved by the Contracting Parties in accordance with their own procedures. It shall enter into force on the first day of the second month following the date on which the Contracting Parties have notified each other that the procedures necessary to this end have been completed.

Article 4

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

Hecho en Bruselas, a catorce de abril de mil novecientos ochenta y nueve.

Udfærdiget i Bruxelles, den fjortende april nitten hundrede og niogfirs.

Geschehen zu Brüssel am vierzehnten April neunzehnhundertneunundachtzig.

¸ãéíå óôéò ÂñõîÝëëåò, óôéò äÝêá ôÝóóåñéò Áðñéëßïõ ÷ßëéá åííéáêüóéá ïãäüíôá åííÝá.

Done at Brussels on the fourteenth day of April in the year one thousand nine hundred andeighty-nine.

Fait à Bruxelles, le quatorze avril mil neuf cent quatre-vingt-neuf.

Gedaan te Brussel, de veertiende april negentienhonderd negenentachtig.

Feito em Bruxelas, em catorze de Abril de mil novecentos e oitenta e nove.

Gjört í Brussel, hinn fjórtánda dag aprílmánaóar nítján hundruó áttatíu og níu.

Por el Consejo de las Comunidades Europeas

For Rådet for De Europæiske Fællesskaber

Für den Rat der Europäischen Gemeinschaften

Ãéá ôï Óõìâïýëéï ôùí Åõñùðáúêþí ÊïéíïôÞôùí

For the Council of the European Communities

Pour le Conseil des Communautés européennesPer il Consiglio delle Comunità europee

Voor de Raad van de Europese Gemeenschappen

Pelo Conselho das Comunidades Europeias

Fyrir hönd ráós Evrópubandalaganna

Por la República de Islandia

For Republikken Island

Für die Republik Island

Ãéá ôç Äçìïêñáôßá ôçò Éóëáíäßáò

For the Republic of Iceland

Pour la république d'Islande

Per la Repubblica d'Islanda

Voor de Republiek IJsland

Pela República da Islândia

Fyrir hönd L´yóveldisins Íslands