The EEA Council : - reaffirmed its commitment to the principles outlined in the Agreement and in particular the creation of a dynamic and homogeneous European Economic Area ; - underlined the important role which the EEA Agreement is playing in the process of European integration ; - noted with satisfaction that the Agreement is functioning effectively under the management of the EEA Joint Committee and took note of the Interim Report which that Committee had submitted ; - noted with satisfac
tion that the Joint Parliamentary Committee and the Consultative Committee of the EEA have also begun th
eir activities in a ...[+++]spirit of constructive co-operation and that the European Investment Bank has already taken the necessary measures to implement the financial mechanism as soon as all other necessary institutional procedures are finalised ; - welcomed in particular the Decision of the EEA Joint Committee to integrate the "interim acquis" published by the Community between 31 July 1991 and 31 December 1993 and therefore not included in the Agreement signed in Oporto on 2 May 1992 ; - noted the Assent given to this Decision by the European Parliament at its Plenary Session on 5 May 1994 and expressed the hope that the ratification would be completed in time for the afore-mentioned decision to enter into force throughout the EEA from 1 July 1994 ; - strongly supported the EEA Joint Committee in its efforts to continue developing further the Agreement, in parallel with the internal market rules of the EU.