31968D0408

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COUNCIL DECISION

OF 12 DECEMBER 1968

ON THE CONCLUSION OF AN AGREEMENT WITH CANADA NEGOTIATED UNDER ARTICLE XXVIII ( 4 ) OF GATT

( 68/408/EEC )

THE COUNCIL OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLES 111 , 114 AND 228 THEREOF ;

HAVING REGARD TO THE COUNCIL DECISION OF 5 DECEMBER 1961 ;

HAVING REGARD TO THE REPORT FROM THE COMMISSION ;

WHEREAS , IN ACCORDANCE WITH ARTICLE XXVIII ( 4 ) OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE , CANADA HAS NOTIFIED ITS WISH TO POSTPONE TO 31 DECEMBER 1968 AT THE LATEST THE IMPLEMENTATION OF THE CONCESSION RATES SHOWN OPPOSITE TARIFF ITEM N S 9280-1 TO 93907-1 INCLUSIVE ( CHEMICALS AND PLASTICS ) IN SCHEDULE V - CANADA IN THE ANNEX TO THE GENEVA PROTOCOL ( 1967 ) , WHICH CONCESSIONS AFFECT THE EUROPEAN ECONOMIC COMMUNITY ; WHEREAS THAT MEASURE HAS BEEN THE SUBJECT OF NEGOTIATIONS FOR COMPENSATORY ADJUSTMENT ;

WHEREAS THE TEMPORARY CONCESSIONS OFFERED BY CANADA IN COMPENSATION FOR THE POSTPONED IMPLEMENTATION OF THE ABOVEMENTIONED CONCESSION RATES ARE SATISFACTORY ,

HAS DECIDED AS FOLLOWS :

ARTICLE 1

THE AGREEMENT NEGOTIATED WITH CANADA UNDER ARTICLE XXVIII ( 4 ) OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE IS CONCLUDED ON BEHALF OF THE EUROPEAN ECONOMIC COMMUNITY ; THE TEXT OF THE AGREEMENT IS ANNEXED TO THIS DECISION .

ARTICLE 2

THE CONTRACTING PARTIES TO THE GENERAL AGREEMENT ON TARIFFS AND TRADE SHALL BE NOTIFIED OF THE CONCLUSION OF THIS AGREEMENT .

DONE AT BRUSSELS , 12 DECEMBER 1968 .

FOR THE COUNCIL

THE PRESIDENT

A . WEHENKEL

ANNEX : SEE O.J .