OpenLegislation

Article 4

Original text. Later amendments are not shown.

The maximum financial contribution by the Contracting Parties to the coordination costs for the period referred to in the first paragraph of Article 1 shall be:

  • 2 100 000 ECU from the Community,

  • 60 000 ECU from each participating non-member State.

In addition, each participating non-member State shall pay an amount calculated by applying to a basic amount of 1 500 000 ECU, representing a part of the Community contribution, the ratio between the gross domestic product of the State concerned for 1980 and the sum of the gross domestic product of the Community and of that State for 1980.

The ECU is defined by the Financial Regulation applicable to the general budget of the European Communities and by the financial arrangements adopted pursuant thereto.

The rules governing the financing of this Agreement are set out in Annex C.