31986R4050

31 . 12 . 86 Official Journal of the European Communities No L 377 / 29

COUNCIL REGULATION (EEC ) No 4050 / 86 * of 22 December 1986 extending and amending Regulation (EEC) No 572 / 86 concerning the arrangements to be applied by the Kingdom of Spain and the Portuguese Republic in trade with Norway

THE COUNCIL OF THE EUROPEAN COMMUNITIES , 2. Article 1 ( 1 ) is replaced by the following: ' 1 . For the products covered by the Free Trade Having regard to the Treaty establishing the European Agreement and subject to the provisions of Article 2 , Economic Community, and in particular Article 113 the customs duties on imports of products originating thereof, in Norway into Spain, including the Canary Islands, Ceuta and Melilla , and Portugal shall be reduced from Having regard to the Act of Accession of Spain and 1 January 1987 to 77,5 % and 80 % respectively of the Portugal , basic duties .'

Having regard to the proposal from the Commission , 3 . Article 6 ( 2), first indent , is replaced by the following: Whereas a Free Trade Agreement (*) has been concluded '2 . For the products listed in Table I of Protocol No 2 between the Community and Norway ; to the Free Trade Agreement, the Kingdom of Spain and the Portuguese Republic shall reduce by 22,5 % Whereas an Additional Protocol to that Agreement ( 2 ) has and 20 % respectively the difference between: been signed on 14 July 1986 , but cannot enter into force on — the basic duty indicated in Article 2 of this 1 January 1987 because Norway has been unable to ratify Regulation ; it in time , whereas Regulation ( EEC) No 572 / 86 ( 3 ) will and expire on 31 December 1986 ; — the duty (other than the variable component) Whereas it is necessary to extend and amend that indicated in the last column of Table I of Protocol 2 .' Regulation as far as Norway is concerned until the Additional Protocol enters into force , Article 3

HAS ADOPTED THIS REGULATION : The following Article is inserted : 'Article 7a Article 1 The ad valorem charge of 0,4 % applied by the Regulation ( EEC ) No 572 / 86 as amended by that Portuguese Republic to goods imported temporarily, Regulation shall be extended , as far as Norway is goods reimported (excluding containers) and goods concerned , until the entry into force of the Additional imported under the inward processing arrangements Protocol to the Free Trade Agreement between the characterized by the rebate of duties levied on the Community and Norway , but not later than 30 April import of goods and after export of the products 1987 . obtained ('drawback') shall be reduced to 0,2 % on 1 January 1987 .' Article 2 1 . All references to the EFTA countries in the provisions Article 4 of Regulation ( CEE ) No 572 / 86 are replaced by a reference to 'Norway'. This Regulation shall enter into force on 1 January 1987 .

This Regulation shall be binding in its entirety and directly applicable to all Member States .

Done at Brussels , 22 December 1986 . For the Council The President G. SHAW

(*) OJ No L 171 , 27 . 6 . 1973 , p. 2 . ( 2 ) OJ No L 337 , 29 . 11 . 1986 , p. 2 . ( 3 ) OJ No L 56 , 1 . 3 . 1986 , p. 89 .