(17, 3. 88 Official Journal of the European Communities No L 71/1 " (Acts whose publication is obligatory) COUNCIL REGULATION (EEC) No 677/88 of 7 March 1988 on the conclusion of the Agreement in the form of an Exchange of Letters - between the European Economic Community. and the Socialist Republic of Romania amending Annex II to the Protocol annexed to the Agreement on trade in industrial products ' THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regérd to the Treaty establishing the European Economic Community, and in particular Article 113 thereof, Having regard to the proposal from the Commission, Whereas the Joint Committee established by the Agreement between the European Economic Community and the Socialist Republic of Romania of 28 July 1980 (") met in Brussels on 18 and 19 January 1988 and whereas, upon completion of its work, it recommended, inter alia, an increase-in some of the amounts appearing in Annex II to the Protocol on the application of Article 4 of the Agreement between the European Economic Commumty and the Socialist Republic of Romania on trade in industrial products (3 ; Whereas the said Protocol provides that amendments to the Annexes thereto recommended by the Joint Committee should be notified by an Exchange of Letters between the two parties ; Whereas, following the examination of the various aspects of the measures recommmended by the Joint Committee, action should be taken thereon, account being taken, in partlcular of the relevant prov151ons ‘of the Agreement on trade in industrial products, HAS ADOPTED THIS DECISION : Article 1 The Agreement in the form of an Exchange of Letters between the European Economic Community and the Socialist Republic of Romania amending Annex II to the Protocol annexed to the Agreement on trade in industrial products is hereby approved on behalf of the Community. The text of the Agreement is attached to this Regulation. Article 2 The President of the Council is hereby authorized to designate the person empowered to sign the Agreement in order to bind the Community. Article 3 The amendments referred to in Article 1 shall apply from the date of entry into force of the Agreement (). Article 4 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at ‘Brussels, 7 March 1988. () OJ No L 352, 29. 12. 1980, p. 2. () OJ No L 352, 29. 12. 1980, p. 21. For the Council The President G. STOLTENBERG 3. () The date of entsy into force of the Agreement will be pub- lished in the Official Journal of the European Communities by the General Secretariat of the Council.