Recomendation No 1/2000 Of The
Joint Committee On The Baltic Common Transit Of 27 September 2000
Replacement Of The Sign Of The Monetary Unit "ECU" By "EUR" In
The Text Of The Agreement Of 10 July 1998 On The Baltic Common
Transit Procedure
THE JOINT COMMITTEE,
Having regard to the Agreement of
10 July 1998 on the Baltic Common Transit Procedure and in
particular Article 15 (2) (a) thereof,
Whereas Article 10 (3) and Article
15 (3) b of the Agreement contain provisions regarding ECU;
Whereas after introduction of euro
the amounts expressed in ECU shall be replaced in the common
currency of European Monetary Union (euro),
HEREBY RECOMMENDS:
that the Contracting Parties to
the Agreement amend it, with effect from 1 January 2001, along
the lines set out in the proposal annexed to this
recommendation.
Done at Riga, on 27 September
2000
Aivars
Krastiņš
Chairman of the Joint Committee
Annex
Proposed amendments to the
Agreement on the Baltic Common Transit Procedure among the
Republic of Estonia, the Republic of Latvia and the Republic of
Lithuania
The Agreement on the Baltic Common
Transit Procedure among the Republic of Estonia, The Republic of
Latvia, The Republic of Lithuania is hereby amended as
follows:
Article 1
Article 10 (3) shall be replaced
by the following text:
"3. For the purposes of the
flat-rate guarantee as provided for in Appendices I and II, the
ECU means the amount of national currency of the Contracting
Party in question calculated by using exchange rate of the EUR
established by the National Bank of that Contracting Party on the
first working day of the month of October, and shall be applied
from 1 January of the following year.
If a rate is not available for a
particular national currency, the rate to be applied shall be
that of the first day for which a rate has been established after
the first working day of October, the rate to be applied shall be
that of the last day prior to that date for which a rate has been
established."
Article 2
Article 15 (3) (b) shall be
replaced by the following text:
"(b) amendments to the definition
of EUR as set out in Article 10 (3);".
