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The Contracting Parties shall agree that payments for transactions shall be made, in accordance with their respective laws and regulations, in any convertible currency agreed by the two Parties concerned in the transaction.

Romania shall send the Commission of the European Communities the names and addresses of the authorities competent to issue licences, together with specimens of the stamps used by these authorities. ANNEX Products falling within Chapters 25 to 99 of the Cooperation Council Nomenclature which are not covered by the Agreement >PIC FILE= "T0016869"> EXCHANGE OF LETTERS No 1 The Head of the Delegation of the European Economic Community Sir, As was pointed out to you in the negotiations which led to the signing of the Agreement between the Community and Romania on trade in industrial products, products within the province of the Treaty establishing the European Coal and Steel Community are or may be covered by separate arrangements. I would be grateful for confirmation of your agreement with the terms of this letter. Please accept, Sir, the assurance of my highest consideration. On behalf of the Council of the European Communities To the Head of the Delegation of the Socialist Republic of Romania The Head of the Delegation of the Socialist Republic of Romania Sir, I have the honour to acknowledge receipt of your letter of today, which reads as follows:

"As was pointed out to you in the negotiations which led to the signing of the Agreement between the Community and Romania on trade in industrial products, products within the province of the Treaty establishing the European Coal and Steel Community are or may be covered by separate arrangements. I would be grateful for confirmation of your agreement with the terms of this letter." I have the honour to confirm that I am in agreement with the terms of your letter. Please accept, Sir, the assurance of my highest consideration. For the Government of the Socialist Republic of Romania To the Head of the Delegation of the European Economic Community EXCHANGE OF LETTERS No 2 The Head of the Delegation of the European Economic Community Sir, 1. In the negotiations which led to the signing of the Agreement between the Community and Romania on trade in industrial products, the Romanian Delegation drew attention to Romania's special concern that the Community should undertake to abolish, for the duration of the Agreement, all the quantitative restrictions referred to in Article 3 of the Protocol of Accession of Romania to GATT.

Although the Community Delegation confirmed that the Community's ultimate aim is in accordance with the Romanian objective referred to above, it mentioned the various reasons why it cannot at this stage undertake to meet Romania's request.

2. For the purposes of implementing Article 3 (1) of the Agreement, the Romanian Delegation has submitted a list, given in Annex I, of products which are of priority importance for Romanian exports and are subject to quantitative restrictions which Romania considers should be abolished or suspended for the duration of the Agreement.

3. The Community, referring in this connection to its position as stated in paragraph 1 and to the obligations deriving from the Protocol of Accession of Romania to GATT, and taking into account the abovementioned list, undertakes to abolish or suspend the quantitative restrictions on products listed in Annex II and to examine as a matter of priority in the Joint Committee the other products exported by Romania that are subject to specific quantitative restrictions, which should be abolished or suspended for the duration of the Agreement.

1. In the negotiations which led to the signing of the Agreement between the Community and Romania on trade in industrial products, the Romanian Delegation drew attention to Romania's special concern that the Community should undertake to abolish, for the duration of the Agreement, all the quantitative restrictions referred to in Article 3 of the Protocol of Accession of Romania to GATT. Although the Community Delegation confirmed that the Community's ultimate aim is in accordance with the Romanian objective referred to above, it mentioned the various reasons why it cannot at this stage undertake to meet Romania's request.

2. For the purposes of implementing Article 3 (1) of the Agreement, the Romanian Delegation has submitted a list, given in Annex I, of products which are of priority importance for Romanian exports and are subject to quantitative restrictions which Romania considers should be abolished or suspended for the duration of the Agreement.

3. The Community, referring in this connection to its position as stated in paragraph 1 and to the obligations deriving from the Protocol of Accession of Romania to GATT, and taking into account the abovementioned list, undertakes to abolish or suspend the quantitative restrictions on products listed in Annex II and to examine as a matter of priority in the Joint Committee the other products exported by Romania that are subject to specific quantitative restrictions, which should be abolished or suspended for the duration of the Agreement. I would be grateful for confirmation of your agreement with the terms of this letter." I have the honour to confirm my agreement with the terms of your letter. Please accept, Sir, the assurance of my highest consideration. For the Government of the Socialist Republic of Romania

To the Head of the Delegation of the European Economic Community ANNEX I to Exchange of Letters No 2 >PIC FILE= "T0016870"> >PIC FILE= "T0016871"> ANNEX II to Exchange of Letters No 2 NB : The measures envisaged for the products appearing in lists (a), (b), (c) and (d) will be applied as and from 1 January 1981.

(a) PRODUCTS IN RESPECT OF WHICH QUANTITATIVE IMPORT RESTRICTIONS WILL BE ABOLISHED AT COMMUNITY LEVEL >PIC FILE= "T0016872"> >PIC FILE= "T0016873"> (b) PRODUCTS IN RESPECT OF WHICH QUANTITATIVE IMPORT RESTRICTIONS WILL BE ABOLISHED AT REGIONAL LEVEL >PIC FILE= "T0016874"> >PIC FILE= "T0016875"> (c) PRODUCTS IN RESPECT OF WHICH QUANTITATIVE IMPORT RESTRICTIONS WILL BE SUSPENDED AT REGIONAL LEVEL, IN ACCORDANCE WITH THE PROTOCOL ANNEXED TO THE AGREEMENT >PIC FILE= "T0016876"> >PIC FILE= "T0016877"> (d) PRODUCTS IN RESPECT OF WHICH QUANTITATIVE IMPORT RESTRICTIONS WILL BE SUSPENDED AT REGIONAL LEVEL >PIC FILE= "T0016878"> e) OTHER PRODUCTS >PIC FILE= "T0017088"> EXCHANGE OF LETTERS No 3 The Head of the Delegation of the European Economic Community Sir,

Since the beginning of 1980, a new import scheme aimed at subsequent liberalization ("Testausschreibung") has been introduced by the Federal Republic of Germany covering almost half of the industrial products still subject to quantitative restrictions (apart from textile and steel products). This scheme, whose application is currently limited to 1980, provides on an experimental and temporary basis for the issue of import licences above and beyond the limits set by the quotas. The "Testausschreibung" is intended to permit an assessment, in the course of future years, of the sectors in which quantitative restrictions on imports of industrial products might be removed. During the examination of the results of the "Testausschreibung", the particular importance which Romania attaches to the expansion of economic relations and Romania's contractual relations with the Community will be taken into consideration.

In the event that, in particular instances, as a result of Romanian exports to the Federal Republic of Germany, market trends make it necessary to discontinue this practice, Romania will be informed to this effect immediately and prior consultation may take place if Romania so requests. I would be grateful for confirmation of your agreement with the terms of this letter. Please accept, Sir, the assurance of my highest consideration. On behalf of the Council of the European Communities To the Head of the Delegation of the Socialist Republic of Romania The Head of the Delegation of the Socialist Republic of Romania Sir, I have the honour to acknowledge receipt of your letter of today which reads as follows: "Since the beginning of 1980, a new import scheme aimed at subsequent liberalization ("Testausschreibung") has been introduced by the Federal Republic of Germany covering almost half of the industrial products still subject to quantitative restrictions (apart from textile and steel products). This scheme, whose application is currently limited to 1980, provides on an experimental and temporary basis for the issue of import licences above and beyond the limits set by the quotas.

The "Testausschreibung" is intended to permit an assessment, in the course of future years, of the sectors in which quantitative restrictions on imports of industrial products might be removed. During the examination of the results of the "Testausschreibung", the particular importance which Romania attaches to the expansion of economic relations and Romania's contractual relations with the Community will be taken into consideration. In the event that, in particular instances, as a result of Romanian exports to the Federal Republic of Germany, market trends make it necessary to discontinue this practice, Romania will be informed to this effect immediately and prior consultation may take place if Romania so requests. I would be grateful for confirmation of your agreement with the terms of this letter." I have the honour to confirm that I am in agreement with the terms of your letter. Please accept, Sir, the assurance of my highest consideration. For the Government of the Socialist Republic of Romania To the Head of the Delegation of the European Economic Community PROTOCOL on the application of Article 4 of the Agreement