ICELAND IN NEW PACT
(N.Z.P. A.-Reuter—Copyright) BRUSSELS, July 17. Iceland has become the first of the six European Free Trade Association countries not joining the Common Market to complete negotiations on a free trade agreement with the Community.
Informed sources said the accord would be signed on July 22 along with similar ones with the other E.F.T.A. non-candidates — Austria, Sweden, Switzerland, Portugal and Finland—but would not come into force until a settlement had been reached in the dispute over Iceland’s extension of its fisheries limit from 12 to 50 miles, in September. - The agreement provides for elimination of tariffs over a five-year transition period for most products of Iceland, but over a longer time for raw aluminium.
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Bibliographic details
Press, Volume CXII, Issue 32971, 18 July 1972, Page 8
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117ICELAND IN NEW PACT Press, Volume CXII, Issue 32971, 18 July 1972, Page 8
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