WORLD TRADE WT/REG21/N/2
19February 1997
ORGANIZATION(97-0652)
Original: English Committee onRegional Trade Agreements
AGREEMENT BETWEEN THE EUROPEAN COMMUNITY AND THE
FAROE ISLANDS (GOVERNMENT OFDENMARK)
Information from theParties totheAgreement
Thefollowing communication, dated 17February 1997, hasbeenreceived fromthePermanent
Delegation oftheEuropean Commission withtherequest thatitbedistributed toWTO Members.
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TheDelegation ofDenmark onbehalf oftheHome Government oftheFaroe Islands andthe
European Commission, onbehalf oftheEuropean Community, havethehonour toinform theMembers
oftheWTO thattheTrade Agreement between theEuropean Community, ontheonepart,andthe
Government ofDenmark andtheHome Government oftheFaroe Islands ontheother part,which
came intoforce on1January 1992 andwhich wasnotified indocument WT/REG21/N/1 hasbeen
replaced byanewAgreement between theParties concluded on6December 1996. ThenewAgreement
entered intoforce on1January 1997.
Asbefore, thisnewAgreement contains provisions relating tofreetrade ingoods between
theCommunity andtheFaroe Islands inthesense ofArticle XXIV ofGATT 1994, these provisions
being ofrelevance theMembers oftheWTO.
Inaddition toproviding thedefinitive textofthenewAgreement assoonasitisavailable,
theParties totheAgreement willmake ashort statement inthecourse oftheCommittee onRegional
Trade Agreements examination ofthe1992 Agreement between theEuropean Community andthe
Faroe Islands, scheduled for21February 1997, tooutline thekeydistinctions between the
1992 Agreement andthenewAgreement.