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ARTICLE 1

SO LONG AS THE DANISH GOVERNMENT HAS NOT MADE THE DECLARATIONS REFERRED TO IN ARTICLES 25 , 26 AND 27 OF THE ACT OF ACCESSION AND UNTIL 31 DECEMBER 1975 AT THE LATEST , NO ALTERATION SHALL BE REQUIRED IN THE CUSTOMS TREATMENT APPLICABLE AT THE TIME OF ACCESSION TO IMPORTS OF PRODUCTS ORIGINATING IN AND COMING FROM THE FAROE ISLANDS INTO THE OTHER REGIONS OF DENMARK .

PRODUCTS IMPORTED FROM THE FAROE ISLANDS INTO THE OTHER REGIONS OF DENMARK UNDER THE ABOVE-MENTIONED ARRANGEMENT SHALL NOT BE CONSIDERED AS BEING IN FREE CIRCULATION IN THAT STATE , WITHIN THE MEANING OF ARTICLE 10 OF THE EEC TREATY , WHEN THEY ARE RE-EXPORTED TO ANOTHER MEMBER STATE .

ARTICLE 2

IF THE DANISH GOVERNMENT MAKES THE DECLARATIONS REFERRED TO IN ARTICLE 1 , THE PROVISIONS OF THE ACT OF ACCESSION SHALL APPLY TO THE FAROE ISLANDS , TAKING INTO ACCOUNT THE FOLLOWING PROVISIONS :

_ IMPORTS INTO THE FAROE ISLANDS SHALL BE SUBJECT TO THE CUSTOMS DUTIES WHICH WOULD HAVE BEEN APPLICABLE IF THE TREATY AND DECISION CONCERNING THE ACCESSION HAD BEEN APPLIED FROM 1 JANUARY 1973 ;

_ THE INSTITUTIONS OF THE COMMUNITY WILL SEEK , WITHIN THE FRAMEWORK OF THE COMMON ORGANIZATION OF THE MARKET IN FISHERY PRODUCTS , ADEQUATE SOLUTIONS TO THE SPECIFIC PROBLEMS OF THE FAROE ISLANDS ;

_ THE AUTHORITIES OF THE FAROE ISLANDS MAY , UNDER COMMUNITY SUPERVISION , RETAIN APPROPRIATE MEASURES WITH A VIEW TO ENSURING SUPPLIES OF MILK AT REASONABLE PRICES TO THE FAROESE POPULATION .

ARTICLE 3

IF , DURING THE PERIOD REFERRED TO IN ARTICLE 1 , THE DANISH GOVERNMENT , FOLLOWING A RESOLUTION OF THE LOCAL FAROESE GOVERNMENT , INFORMS THE COUNCIL THAT IT CANNOT MAKE THE DECLARATIONS REFERRED TO IN ARTICLE 1 , THE COUNCIL SHALL , AT THE REQUEST OF THE DANISH GOVERNMENT , EXAMINE THE SITUATION THUS CREATED . THE COUNCIL SHALL , ON A PROPOSAL FROM THE COMMISSION , DECIDE THE ARRANGEMENTS TO BE MADE FOR SOLVING THE PROBLEMS WHICH COULD ARISE OUT OF THIS SITUATION FOR THE COMMUNITY AND ESPECIALLY FOR DENMARK AND THE FAROE ISLANDS .

ARTICLE 4

DANISH NATIONALS RESIDENT IN THE FAROE ISLANDS SHALL BE CONSIDERED TO BE NATIONALS OF A MEMBER STATE WITHIN THE MEANING OF THE ORIGINAL TREATIES ONLY FROM THE DATE ON WHICH THOSE ORIGINAL TREATIES BECOME APPLICABLE TO THOSE ISLANDS .

ARTICLE 5

THE DECLARATIONS REFERRED TO IN ARTICLE 1 MUST BE MADE SIMULTANEOUSLY AND CAN ONLY GIVE RISE TO A SIMULTANEOUS APPLICATION OF THE ORIGINAL TREATIES TO THE FAROE ISLANDS .