July 1951 



C0I>1MERCIAL FISHERIES REVIEW 



37 



2. ICELAND WILL PERMIT DANISH IMPORTS TO THE EXTENT IN WHICH ICELAND'S 



FOREIGN EXCHANGE POSITION MAKES IT POSSIBLE. 



3. ICELAND WILL ISSUE EXPORT LICENSES to DENMARK FOR 10 PERCENT OF THE 



EXPORTABLE QUANTITY OF HERRING MEAL AND 7 1/2 PERCENT OF THE HER- 

 RING OIL PRODUCED DURING THE SUMMER OF 1951 UNTIL SEPTEMBER 15, 

 AND FOR 20 PERCENT OF THE EXPORTABLE QUANTITY OF HERRINGMEAL AND 

 15 PERCENT OF THE HERRING OIL PRODUCED DURING THE WINTER 1951/52 

 UNTIL THE DATE OF THIS PROTOCOL'S EXPIRATION. 



Hie preYioua Daniah-Icelandio trade agreement expired on April 30, I95O. A 

 new agreement was not negotiated at that time principally because the Danish demand 

 for a settlement of certain Danish credit balances could not be resolved. A con- 

 solidation agreement signed later in I95O developed a plan whereby the Danish credit 

 balances could be liq^uidated over a two-year period. 



***** 



NEW DANISH - NORWEGIAN TRADE AGREEMENT ; Negotiations for a trade and payments 

 agreement between Denmark and Norway was consummated in Oslo, Norway, during April, 

 according to a Iifay 24 dispatch from the American Embassy at Copenhagen, Denmark. 

 The trade agreement, dated April 30, covers the period April 1, 1951-March 3I, 1952. 

 Since a substantial part of the commodities traded between the two countries are on 

 a regional (OEECi/) free list, the trade agreement quotas are confined to products 

 still subject to import control and such liberalized commodities for which export 

 commitments have been made. 



Denmark's principal imports from Norway include several types of fishery 

 products (see table). Denmark, in exchange, exports to Norway agricultural and 

 finished products, but no fishery products. 



Quotas for Danish Imports of Norwegiaa Fishery Products, April 1, 1951-March 31, 1952 



Commodity 



Quantity 



U .S. I.?/ 

 56,000 

 9,800 

 55,000 

 35,000 

 140,000 



7,000 

 42,000 



Shellfish 



Oyster brood • 



Canned fish • 



Fresh fish • 



Salted herring 



Eerring and other fish meal ••• 



Crude vriiale oili/ 



Refined marine animal oil « 



Fish glue 



Alginates and products thereof, and carrageen 

 extracts 



Mgtrj-g Top? 



6,000 

 3,000 

 7,000 



400,000 



70,000 



400,000 



250,000 



1,000,000 



50,000 

 300,000 



I/GN DANISH IMPORT FREE LIST. 



2,''C0MVERSI0N RATE: 1 NORWEGIAN KRONE EQUALS 14 U.S. 



l/OFFICE OF EUROPEAN ECONOMIC COOPERATION. 



French Morocco 



POOL FORl,iED FOR EXPORT OF MOROCCAN SARDINES TO U. 



S. : Approximately ten of 



the leading i»ioroccan sardine canneries have united to form the French and Moroccan 

 Food Corporation (a Shereefiau corporation) and, through the agency of this cor- 



