Article 7

This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.

It shall apply from the entry into force of the Agreement and during the latter's subsistence.

However, Article 2 (2) and (3) shall apply only until 31 December 1974. Prior to that date, the Council, acting by a qualified majority, on a proposal of the Commission, shall decide upon any amendments to be made thereto.