Sir,

26

EXCHANGE OF LETTERS ON MARITIME TRANSPORT

Letter No 1

lby/HM/jrb

Annex to ANNEX I

We should be grateful if you would confirm that your Government agrees with the

following:

When the Agreement on co-operation between the European Community and Brazil was signed, the Parties undertook to address in the appropriate manner issues relating to the operation of shipping, particularly where the development of trade might be hindered. Mutually satisfactory solutions on shipping will be

a commercial basis is sought, while the principle of free and fair competition on

observed.

It has likewise been agreed that such issues should also be discussed by the

Joint Committee.

Please accept, Sir, the assurance of our highest consideration.

5181/92

(Annex to ANNEX I)

On behalf of the

Council of the European Communities

EN

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