TNAG-0248-FCO40-284-Effect-of-entry-of-UK-into-EEC-on-exports-from-Hong-Kong-1970 — Page 93

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policy.

Under the terms of the Second Yaoundé Convention

the Community has agreed to lower the obstacles placed by the

Common Agricultural Policy on imports of rice, manioc, beef,

processed fruits and vegetables, chocolate and tapioca.

9. The preferential arrangements referred to above include

rules or origin for the goods concerned in the exporting

member state or associate.

The

10. There are also provisions concerning the "right of

establishment", that is the right to establish businesses or

other enterprises and to undertake professional practice.

associates must accord equal treatment in this field to all

member states and enjoy reciprocal rights for the associates

in the member states, subject to a reservation regarding certain

special cases which might need specific arrangements.

Financial and Technical Assistance

11.

The Treaty of Rome provides for an EEC Overseas Development

Fund made up of contributions from memoer states, to be used

for economic and social development in the associated countries

and territories. The size of the fund for the first five years

(1958-62) was 581 million units of account (a unit of account

is equivalent to a U.S. dollar). Under the Association arrange-

ments which came into force in 1964, a second fund was set up,

the European Development Fund, totalling 730 m. u/a, to which

was added 70 m. u/a which could be called on from the European

/Investment

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