11951K/CDT/P18

Treaty establishing the European Coal and Steel Community - Convention on the Transitional Provisions - Part Two - Relations between the Community and third countries - Chapter 2 - Exports - Article 18

Until such time as the provisions of the exchange control regulations of the various Member States concerning foreign currency left at the disposal of exporters have been made uniform, special measures must be taken to ensure that the elimination of customs duties and quantitative restrictions between Member States does not have the effect of depriving some of them of the foreign currency which is earned when their undertakings export to a third country.

In application of this principle, the Member States undertake not to give exporters of coal or steel, under the regulations referred to above, greater advantages in the use of foreign currency than those accorded under the regulations of the Member State in which the products originate.

The Commission is empowered to see to it that this is done by making recommendations to governments after consulting the Council.