DECISION No 5/81 OF THE JOINT COMMITTEE

of 2 December 1981

amending Protocols 1 and 2

THE JOINT COMMITTEE,

Having regard to the Agreement between the European Economic Community and the Republic of Iceland signed in Brussels on 22 July 1972, and in particular Article 12a thereof,

Whereas the Community, in consequence of the implementation of the results of the GATT multilateral trade negotiations (Tokyo Round), has amended the nomenclature of Common Customs Tariff heading Nos 21.04 and 48.07;

Whereas the Community has replaced the unit of account by the ECU in Community legal instruments; whereas this replacement affects also Common Customs Tariff heading Nos 21.07 and 22.09 appearing in Table I annexed to Protocol 2;

Whereas the nomenclature of the products referred to in the Agreement should therefore be adjusted in accordance with the said amendments,

HAS DECIDED AS FOLLOWS:

Article 1

1.   The tables contained in Article 1 (1) and (3) of Protocol 1 are hereby amended as follows:

2.   Table I annexed to Protocol 2 is hereby amended as follows:

Article 2

This Decision shall enter into force on 1 January 1982.