NOTHING TO BE WRITTEN IN THIS MARGIN
CONFIDENTIAL
tailored to suit the needs of individual
countries. The resulting association
agreement is the legal framework into
which the trade arrangements are
incorporated. Both the Yaoundé Convention
and such association agreements involve
the granting of reciprocal preferences
by parties to the Agreements.
10. Trade Agreements. The Community have
concluded preferential trade agreements
with certain countries around the
Mediterranean basin. Tariff reductions
are on a preferential basis and the
agreements have other preferential trade
arrangements such as duty free or reduced
duty quotas. The Community also has non-
preferential trade agreements with
countries in the Middle East and is
thinking of extending these, as a result
of the formation of a common commercial
policy, to other countries e.g. Japan.
Tariff reductions in these cases are on an
m.f.n. basis.
11.
Morocco Protocol.
When the Rome
Treaty was signed, a protocol was annexed
to it providing for the continuation of
the existing customs regime between a
member of the Community (e.g. France) and
a third country (e.g. Morocco) whose
products had been imported on preferential
terms. Such products were not entitled
to free circulation within the Community.
The Protocol has been superseded by other
arrangements
COMPIDENTI AL
/12.