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The Heads of the Delegations initialled the text of the draft
Agreement on 3 December 1977, having noted that it correctly represented the results of the negotiations.
3.
In order to ensure that the successful implementation of the Agreement should not be put ut risk and to prevent a flood of exports preceding its entry into force, the Community, following the conclusion of the negotiations, proposed to the third countries that until such time as the Agreement entered
into force both parties should apply its provisions on an autonomous basis
as from 1 January 1978. These provsions were put into effect for 1978 by Commission Regulation (EEC) N° 3019/77 of 30 December 1977, making the
importation into the Community of textile products originating in certain
third countries subject to authorisation and quantitative limitation (1), as confirmed by Council Regulation (EEC) N° 265/78 of 7 February 1978 (2),
The Commission has laid before the Council a proposal for a regulation containing the definitive measures for the implementation of the Agreement . by the Community.
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4. The Commission considers that the draft Agreement embodies an arrange- ment which is acceptable to the Community. It therefore recommends that the
Council:
(i) approve the Agreement by adopting the regulation, the draft of which is annexed hereto;
(ii) pending approval of the Agreement, take the necessary desicions in connection with the signing thereof.
(1) OJ N° L 357, 31.12.1977 (2) OJ N° L 42, 11.02.1978