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The Agreement on the establishment of the Joint Committee and the Agreement on trade in industrial products between the European Economic Community and the Socialist Republic of Romania are hereby approved on behalf of the Community. The texts of the Agreements are annexed to this Regulation.

1. A Joint Committee is hereby established, composed of representatives of the Community, on the one hand, and representatives of Romania, on the other. The tasks of the Joint Committee shall be: - to examine the various aspects of trade between the Parties, notably its overall pattern, rate of growth, structure and diversification, the trade balance and the various forms of trade and trade promotion; - to make recommendations on any trade problem of mutual concern; - to seek appropriate means of avoiding possible difficulties in the fields of trade and to encourage various forms of commercial cooperation in areas of mutual interest; - to consider measures likely to develop and diversify trade, notably by improving import opportunities in the Community and in Romania; - to exchange information on structural guidelines laid down for the economies of the two Parties which have an impact on trade and, by extension on the scope for developing complementarity between the respective economies and also on the proposed economic development programmes;

- to see that the agreements and arrangements between the Parties function properly and to carry out the tasks assigned to it under those agreements or arrangements; - to give sympathetic consideration to possible ways of improving conditions for the development of direct contacts between firms established in the Community and those established in Romania; - to formulate and submit to the authorities of both Parties recommendations for solving any problems that arise, where appropriate by means of the conclusion of arrangements or agreements.

2. The Joint Committee shall meet at the highest possible level and shall adopt recommendations by mutual agreement between the Parties.

1. Subject to paragraph 2, this Agreement shall apply to trade in products originating in the Community or in Romania falling within Chapters 25 to 99 of the Customs Cooperation Council Nomenclature.

2. However, this Agreement shall not apply: - to products covered by the Treaty establishing the European Coal and Steel Community; - for the duration of the Agreement between the Community and Romania on trade in textile products initialled on 16 December 1977 and any successor agreement thereto, to textile products covered by those agreements; - to the products listed in the Annex to this Agreement.

3. Unless otherwise specified in this Agreement, trade between the Contracting Parties shall be conducted in compliance with their respective regulations.

Quantitative restrictions on importation of products originating in Romania included in Annex I attached hereto are hereby suspended in the regions of the Community indicated in the said Annex on the conditions set out below.

Quantitative restrictions on importation of products originating in Romania included in Annex I attached hereto are hereby suspended in the regions of the Community indicated in the said Annex on the conditions set out below.