IV Convention on the Transitional Provisions

THE HIGH CONTRACTING PARTIES,

DESIRING to draw up the Convention on the Transitional Provisions provided for  in Article 85 of the Treaty,

HAVE AGREED as follows:

Purpose of the Convention

Article 1

1. The purpose of this Convention, drawn up in pursuance of Article 85 of the Treaty, is to  provide for the measures required in order to establish the common market and enable  production to be progressively adapted to the new conditions, while helping to eliminate  disequilibria arising out of the former conditions.

2. To this end, the implementation of the Treaty shall be effected in two stages a preparatory  period and a transitional period.

3. The preparatory period shall extend from the date of entry into force of the Treaty  to the date of the establishment of the common market.

During this period;

a. All the institutions of the Community shall be set up and contacts established between them  and undertakings and associations of undertakings, trade unions, and associations of  consumers and dealers, in order to place the functioning of the Community on a basis of  regular consultation and to develop a common approach and mutual understanding among all  concerned
b. The Commission shall conduct:

1. studies and consultations;

2.negotiations with third countries.

The purpose of the studies and consultations shall be to enable an overall survey to be drawn  up, in regular contact with governments, with undertakings and associations of undertakings,  with workers and with consumers and dealers, of the situation of the coal and steel industries  in the Community and the problems arising therefrom, and the way to be prepared for the  actual measures which will have to be taken to deal with these during the transitional period.

The purpose of the negotiations with third countries shall be:

• first, to lay the foundations for cooperation between the Community and these  countries;
• second, to obtain, before the elimination of customs duties and quantitative restrictions  within the Community, the necessary derogations from:
• most favoured nation treatment under the General Agreement on Tariffs and Trade and  under bilateral agreements;

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