31 . 12 . 86 Official Journal of the European Communities No L 387 / 209
AGREEMENT
in the form of an Exchange of Letters between the European Economic Community and the Republic
of India on the guaranteed prices for cane sugar for the 1985 / 86 delivery period
Letter No 1
Brussels ,
Sir ,
1 . The representatives of the Republic of India and of the Commission , acting on behalf of the
European Economic Community , have agreed , pursuant to the provisions of the Agreement on
cane sugar between the European Economic Community and the Republic of India , to submit to
their competent authorities for approval , to be the subject of an Exchange of Letters between the
Republic of India and the Community , the following .
2 . For the period 1 July 1985 to 30 June 1986 the guaranteed prices referred to in Article 5 (4 ) of the
Agreement shall , for the purpose of intervention within the terms of Article 6 thereof, be :
( a ) for raw sugar : 44,85 ECU per 100 kilograms from 1 July 1985 to 31 March 1986 ,
44,92 ECU per 100 kilograms from 1 April 1986 to 30 June 1986 ;
( b ) for white sugar : 55,39 ECU per 100 kilograms .
3 . These prices , which represent increases of 1,15 % and 1,31 % respectively over those applicable
for the preceding delivery period , shall refer to sugar of standard quality as defined in Community
legislation , unpacked , cif free out European ports of the Community . The introduction of these
prices in no way prejudices the respective positions of the Contracting Parties in respect of the
principles appertaining to the determination of the guaranteed prices .
4 . Although retroactivity is not provided for in respect of the 1985 / 86 prices , it is agreed that this
year's decision does not prejudice the position of the Republic of India in relation to retroactivity in
any future negotiation in accordance with Article 4 ( 3 ) of the Agreement .
5 . It was noted that , in the view of the Republic of India , the problem of ocean freight costs remained
an outstanding and pressing matter which required immediate consideration and resolution .
Further , in the context of paragraph 3 , the concern of the Republic of India with regard to the
method used in arriving at these prices was noted .
I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and your
reply constitute an Agreement between your Government and the Community .
Please accept , Sir , the assurance of my highest consideration .
On behalf of the
Council of the European Communities
No L 387 / 210 Official Journal of the European Communities 31 . 12 . 86
Letter No 2
Brussels ,
Sir ,
I have the honour to acknowledge receipt of your letter of today's date which reads as follows :
'1 . The representatives of the Republic of India and of the Commission , acting on behalf of the
European Economic Community , have agreed , pursuant to the provisions of the Agreement
on cane sugar between the European Economic Community and the Republic of India , to
submit to their competent authorities for approval , to be the subject of an Exchange of Letters
between the Republic of India and the Community , the following .
2 . For the period 1 July 1985 to 30 June 1986 the guaranteed prices referred to in Article 5 (4 ) of
the Agreement shall , for the purpose of intervention within the terms of Article 6 thereof,
be :
( a ) for raw sugar : 44,85 ECU per 100 kilograms from 1 July 1985 to 31 March
1986 ,
44,92 ECU per 100 kilograms from 1 April 1986 to 30 June
1986 ;
( b ) for white sugar : 55,39 ECU per 100 kilograms .
3 . These prices , which represent increases of 1,15% and 1,31% respectively over those
applicable for the preceding delivery period , shall refer to sugar of standard quality as defined
in Community legislation , unpacked , cif free out European ports of the Community . The
introduction of these prices in no vs^ay prejudices the respective positions of the Contracting
Parties in respect of the principles appertaining to the determination of the guaranteed
prices .
4 . Although retroactivity is not provided for in respect of the 1985 / 86 prices , it is agreed that
this year's decision does not prejudice the position of the Republic of India in relation to
retroactivity in any future negotiation in accordance with Article 4 ( 3 ) of the Agreement .
5 . It was noted that , in the view of the Republic of India , the problem of ocean freight costs
remained an outstanding and pressing matter which required immediate consideration and
resolution . Further , in the context of paragraph 3 , the concern of the Republic of India with
regard to the method used in arriving at these prices was noted .
I should be obliged if you would acknowledge receipt of this letter and confirm that this letter and
your reply constitute an Agreement between your Government and the Community .'.
I have the honour to confirm that my Government is in agreement with the foregoing .
Please accept , Sir , the assurance of my highest consideration .
For the Government of
the Republic of India
Full & Egal Universal Law Academy