21998A0202(02)

AGREEMENT in the form of an exchange of letters between the European Community and the Republic of Latvia on maritime transport

A. Letter from the Community

Sir,

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

When the Free Trade Agreement between the European Communities and Latvia 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 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 our highest consideration.

On behalf of the Council of the European Union

B. Letter from the Republic of Latvia

Sir,

I have the honour to acknowledge receipt of your letter and to confirm that my Government agrees with the following:

'When the Free Trade Agreement between the European Communities and Latvia 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 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 our highest consideration.

For the Government of the Republic of Latvia