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The Parties agree to establish a consultation procedure in order to ensure the coordination of their commercial policy towards third countries and mutual respect for their interests in this field, in particular in the event of subsequent accession of third countries to the Community or association with the Community. Turkey first applied in July 1959 for associated membership of the European Economic Community (EEC), established in 1958. The EEC reacted by proposing the creation of an association as a transitional measure leading to full membership. This gave rise to negotiations that culminated in the Ankara Agreement on 12 September 1963. [1] 2. This stage shall not exceed twelve years, subject to derogations granted by mutual agreement. Derogations must not impede the definitive establishment of the customs union within a reasonable period of time. The conditions for the application of the provisions of this Agreement relating to other areas to these territories shall be laid down subsequently by common accord between the Contracting Parties. Applications for financing from Turkish companies are not accepted without the agreement of the Turkish government.

1. Four years after the entry into force of this Agreement, the Association Council shall examine whether it is in a position, in the light of the economic situation in Turkey, to lay down, in the form of an Additional Protocol, the provisions relating to the conditions, detailed rules and timetables for the implementation of the transitional period referred to in Article 4 of the Agreement. (2) `agricultural products` means the products listed in Annex II to the Treaty establishing the Community which are currently being supplemented in accordance with Article 38 (3) of the Treaty. Aid for the economic and social development of Turkey, under the conditions laid down in this Agreement and in this Protocol, shall complement the efforts of the Turkish State. From the date of entry into force of this Protocol, the Member States of the Community shall open the following annual tariff quotas for imports originating in and coming from Turkey: Vice-President of the Government and Minister for Foreign Affairs; 3. The unit of account defined in paragraph 1 shall remain unchanged throughout the period during which the Financial Protocol is in force. However, if, before the end of that period, the International Monetary Fund decided, in accordance with Article 4, Section 7 of its Statute, on a uniform proportional change in the nominal values of all currencies in relation to gold, the weight of the fine gold of the unit of account would change in relation to that change. The Parties shall take all appropriate measures, general or specific, to ensure the fulfilment of the obligations arising from this Agreement. The prohibition of import and export duties on imports and exports and of all charges of equivalent effect, quantitative restrictions and any other measure of equivalent effect between the Member States of the Community and Turkey aimed at protecting domestic production, which runs counter to the objectives of this Agreement; If the Community were to open tariff quotas for the products referred to in Article 2 of this Protocol, Turkey shall not be treated less favourably than a country which is not covered by this Agreement as regards the customs duties to be paid under those tariff quotas. . . .

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