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ANNEX I
EXCHANGE OF LETTERS ON MARITIME TRANSPORT
Letter No 1
Sir.
We should be obliged if you would confirm that your Government Is in agreement with the following:
When the Agreement on cooperation between the European Economic Community and Brazil was signed, the Partles undertook to address in the appropriate manner |gues relating to the operation of shipping, particularly where the development of trade might be hindered. Mutually satisfactory solutions on shipping will be sought, while the principle of free and fair competition on a commercial basis is observed.
It has likewise been agreed that such issues should also be discussed by the Joint Committee.
Please accept, Sir, the assurance of my highest consideration.
On behalf of the Council
of the European Communities