AGREEMENT for the conclusion of negotiations between the European Community and Chile under Article XXIV:6

THE EUROPEAN COMMUNITY AND CHILE,

DESIRING to bring their GATT Article XXIV:6 negotiations to conclusion on the basis of a reasonable and mutually satisfactory compromise, and,

FURTHER DESIRING to strengthen the close partnership in commercial and economic matters between the European Community and Chile,

AGREE TO THE FOLLOWING PROVISIONS:

A. The European Community shall incorporate in its new Schedule CLX, for the customs territory of the EUR 15, the concessions that were included in the previous Schedule LXXX as modified by the European Community Schedule annexed to the Marrakesh Protocol to the General Agreement, 1994 (dated 15 April 1994).

B. To settle the current GATT Article XXIV.6 negotiations on agriculture the following has been agreed and will apply with effect from 1 January 1996:

- 0808 10 99 fresh apples (1 April to 31 July): reduction of the final tariff rate by 50 % (from 3 % to 1,5 %),

- 0808 20 33 fresh pears (1 to 30 April and 1 to 15 July): reduction of the final tariff rate by 50 % (from 2,5 % to 1,3 %),

- 0813 30 00 dried apples: reduction of the final tariff rate by 50 % (from 6,4 % to 3,2 %),

- 0813 40 92 other dried fruit: reduction of the final tariff rate by 50 % (from 4,8 % to 2,4 %),

- add 1 510 tonnes to the allocation for Chile under the EC tariff rate quota for sheepmeat.

Chile accepts the basic components of the European Community's approach to adjusting the obligations of the European Community of 12 and those of Austria, Finland and Sweden following the recent enlargement of the Community:

- netting out of export commitments,

- netting out of tariff quotas,

- aggregation of domestic support commitments.

The appropriate legal modalities of implementation remain to be agreed.

C. The following has also been agreed:

- 2301 20 00 fishmeal: reduction in the tariff rate to zero.

D. Final provisions

This Agreement shall enter into force on the date of signature.

Consultations will be held with regard to the matters in this Agreement at any time at the request of either party.

Signed at Brussels this twenty-second day of December in the year one thousand nine hundred and ninety-five.

For the Government of Chile

On behalf of the Council of the European Union