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This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 16 December 1980. For the Council The President Colette FLESCH (1) The date of entry into force of the Agreements will be published in the Official Journal of the European Communities by the General Secretariat of the Council. AGREEMENT between the European Economic Community and the Socialist Republic of Romania on the establishment of the Joint Committee THE COUNCIL OF THE EUROPEAN COMMUNITIES and THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF ROMANIA, CONSIDERING the traditional trade relations between the Member States of the European Economic Community, hereinafter called "the Community", and the Socialist Republic of Romania, hereinafter called "Romania", CONSIDERING the powers assigned to the Community under the Treaty establishing the European Economic Community,

DESIRING to develop trade relations on the basis of equality and mutual satisfaction of the partners and of reciprocity permitting as a whole, an equitable distribution of advantages and obligations of comparable scale, with respect for bilateral and multilateral agreements, TAKING INTO ACCOUNT the Parties "respective levels of economic development and Romania's membership of the "Group of 77 developing countries", REAFFIRMING the importance which the Parties attach to the General Agreement on Tariffs and Trade ; whereas, in compliance with the provisions of that Agreement and the Protocol of Accession of Romania thereto, they grant each other most-favoured-nation treatment, WHEREAS there is an Agreement on trade in textile products between the Community and Romania; WHEREAS an Arrangement on Romanian exports of iron and steel products covered by the Treaty establishing the European Coal and Steel Community has been concluded between the Community and Romania; WHEREAS an Agreement on trade in other industrial products has been concluded between the Community and Romania,

WHEREAS the establishment of a framework, taking the form of a Joint Committee, will make it possible to hold periodic exchanges of views on various aspects of the Parties' economic relations and to examine measures aimed at ensuring the harmonious development of those relations; RECOGNIZING the importance of the new direct link thus created by the establishment of a Joint Committee, which will provide a means of giving fresh impetus to economic and trade relations between the Community and Romania, HAVE DECIDED to conclude this Agreement:

This Agreement shall apply, on the one hand, to the territories in which the Treaty establishing the European Economic Community is applied and under the conditions laid down in that Treaty and, on the other hand, to the territory of Romania.

1. The Community undertakes to suspend quantitative restrictions on imports into certain of its regions of products which are of priority importance to Romanian exports.

2. The list of the products referred to in paragraph 1 and the detailed arrangements for implementing that paragraph are given in the Protocol annexed to this Agreement.

The Joint Committee may examine any possible increase in the quantities specified in Annex II and the possibility of extending the import arrangements provided for in this Protocol to other products. Amendments to Annexes I and II which are recommended by the Joint Committee shall be notified in an exchange of letters between the parties. TITLE II Procedures for the issue of export licences by Romania

The Joint Committee may examine any possible increase in the quantities specified in Annex II and the possibility of extending the import arrangements provided for in this Protocol to other products. Amendments to Annexes I and II which are recommended by the Joint Committee shall be notified in an exchange of letters between the parties. TITLE II Procedures for the issue of export licences by Romania