No L 380 / 66 Official Journal of the European Communities 31 . 12 . 86
COUNCIL DECISION
of 22 December 1986
extending the arrangements for trade between Spain and Portugal on the one hand and the
overseas countries and territories (OCT) on the other
( 86 / 645 / EOK )
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European
Economic Community , and in particular Article 136
thereof,
Having regard to the draft Decision presented by the
Commission ,
Whereas Decision 86 / 47 /EEC (') establishes arrangements
for trade between Spain and Portugal on the one hand and
the overseas countries and territories (OCT) on the other
for the transition period laid down by the Act of Accession
of Spain and Portugal ;
Whereas the said Decision expires on 31 December 1986 ;
Whereas , in order to avoid an interruption of the
progressive opening of the Spanish and Portuguese markets
to products originating in the OCT, the period of validity
of Decision 86 / 47 / EEC should be extended , without
prejudice to any further adjustments that may prove
necessary following the conclusion of the protocol referred
to in Articles 179 and 366 of the Act of Accession of Spain
and Portugal ,
HAS DECIDED AS FOLLOWS:
Article 1
The period of validity of Decision 86 / 47 / EEC is hereby
extended until 31 December 1990 .
Article 2
This Decision shall be published in the Official Journal of
the European Communities .
It shall take effect on the day of its publication .
Done at Brussels , 22 December 1986 .
For the Council
The President
G. SHAW
(') OJ No L 63 , 5 . 3 . 1986 , p. 95 .
Full & Egal Universal Law Academy