WORLD TRADE G/AG/N/CYP/3
27June1997
ORGANIZATION(97-2646)
Original: English Committee onAgriculture
NOTIFICATION
Theattached finalnotification concerning domestic support commitments forthecalendar year
1996(Table DS:1 andtherelevant supporting tables) wasreceived fromthedelegation oftheRepublic
ofCyprus on20June1997.G/AG/N/CYP/3
Page2Table DS:1 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Current Total Aggregate Measurement ofSupport
Total AMS commitment levelforperiod in
questionCurrency Current Total AMS
(from Section IofPartIVoftheSchedule) (from Section IofPartIVoftheSchedule) (from attached Supporting Tables)
1 2 3
56.8 million £C 35.5G/AG/N/CYP/3
Page3Supporting Table DS:1
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -"Green Box"
Measure type Name anddescription ofmeasure withreference tocriteria inAnnex 2 Monetary value of
measure inyearin
question (£C)Data sources
1 2 3 4
Total forallexempt measures ofSupporting Table DS:1 59,866,522
(a)Total general services 45,358,732 Budgets
(i) Research services
Research including general research, research inconnection withenvironmental
programmes, andresearch programmes relating toparticular products.2,724,890 Budgets
(ii) Pestanddisease control services
Pestanddisease control, including general andproduct-specific pestanddisease
control measures, such asearly warning systems quarantine anderadication.142,288 Budgets
(iii) Training services
Agricultural training services provided bytheMinistry ofAgriculture andNatural
Resources toallfarmers.38,867 Budgets
(iv) Extension andadvisory services
Extension andadvisory services, provided bytheMinistry ofAgriculture toall
farmers.8,979,215 Budgets
(v) Inspection services
Inspection ofagricultural produce including general inspection services andthe
inspection ofparticular products forhealth, safety, grading orstandardization
purposes.109,881 Budgets
(vi) Veterinary services
Veterinary services including veterinary public health, extension services, disease
control, veterinary inspection services, quarantine services, etc. 3,216,922 BudgetsG/AG/N/CYP/3
Page4Supporting Table DS:1
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -"Green Box"
Measure type Name anddescription ofmeasure withreference tocriteria inAnnex 2 Monetary value of
measure inyearin
question (£C)Data sources
1 2 3 4
(vii) Marketing andpromotion services
- Expenses forproviding general marketing andpromotion services bythe
Ministry ofCommerce andIndustry.
- Expenses forproviding marketing andpromotion services bytheVine
Products Commission.476,136
1,019,541Budgets
Budgets
(viii) Infrastructural services
Capital expenses forproviding for:
- Rural development
- Water development (dams, water treatment works, water supply, etc.)
- Land consolidation works
- Development oflivestock areas andzones andother infrastructural works for
livestock (including works forenvironmental protection such astreatment of
waste, etc.).28,650,992 Budgets
(b) Public stockholding
forfood security
purposesCyprus Grain Commission services (operational expenses)
The Cyprus Grain Commission, among other things, also fulfils apublic
stockholding role forfood security purposes bymanaging andcontrolling the
import, storage anddistribution ofgrains.5,715,112 Cyprus Grain
CommissionG/AG/N/CYP/3
Page5Supporting Table DS:1
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -"Green Box"
Measure type Name anddescription ofmeasure withreference tocriteria inAnnex 2 Monetary value of
measure inyearin
question (£C)Data sources
1 2 3 4
(c) Payments forrelief
from natural disasters
(i)Compensation through theAgricultural Insurance Organization
TheAgricultural Insurance Organization covers certain crops against certain natural
disasters. TheAgricultural Insurance Scheme isacontributory scheme where both
theGovernment andfarmers contribute. Only theGovernment contribution is
included inthistable.
(ii)Grants paidtofarmers fortheir relief from damages caused tocrops andlivestock by
natural calamities notcovered bytheAgricultural Insurance Organization
Inthecase ofdamages caused tocrops andlivestock bynatural calamities, not
covered bytheAgricultural Insurance Organization, theGovernment paysgrants to
farmers affected, inaddition tosubsidizing theinterest onloans. Thetotal amount
ofloans issued during 1996 was£C22,706 (theaverage amount ofgrants issued by
theGovernment for1986-88 was£C340,065).
Anamount of£C59,668 wasissued totheCyprus Potato Marketing Board forthe
provision offinancial assistance topotato growers affected bydamages caused to
early spring-crop potatoes ofcertain areas bylowtemperatures (payments forrelief
from natural disasters, conforming toAnnex 2,paragraph 8oftheAgreement on
Agriculture).1,962,895
1,898,331
4,896
59,668Budget
Department of
Agriculture
Ministry of
Finance
Note: Notification G/AG/N/CYP/2 concerning newormodified domestic support measures exempt from reduction isrelevant.G/AG/N/CYP/3
Page6Supporting Table DS:1
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -"Green Box"
Measure type Name anddescription ofmeasure withreference tocriteria inAnnex 2 Monetary value of
measure inyearin
question (£C)Data sources
1 2 3 4
(d) Structural adjustment
assistance conforming
toAnnex 2,paragraph
10oftheAgreement
onAgriculture and
production-limiting
programmeunder
Article 6.5 ofthe
Agreement
(e) Regional assistance
programmesPackage ofmeasures tolimit/stabilize dairy andbeefproduction
Cyprus notification onpackage ofmeasures tolimit/stabilize dairy andbeef
production isrelevant.
Wine grapes areasubsidy
Anareasubsidy ispaidannually onaperhectare basis toallvinegrowers, based
ontheageofvineyard aswellasongeographical considerations. Inthese areas
wehave almost amonoculture.3,200,435
2,719,743Ministry of
Finance
Vine Products
Commission
(f) Other Citrus areasubsidy
Anareasubsidy waspaidonadhocbasis tocitrus growers tocompensate forloss
ofincome duetobadproduction results intheprevious year.909,605 Budget
Note: Notification G/AG/N/CYP/2 concerning newormodified domestic support measures exempt from reduction isrelevant.G/AG/N/CYP/3
Page7Supporting Table DS:2
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -Special andDifferential Treatment -"Development Programmes"
Measure type Name anddescription ofmeasure withreference tocriteria inArticle 6:2 Monetary value ofmeasure
inyearinquestion (£C)Data sources
1 2 3 4
Total forexempt measures, special anddifferential treatment 1,518,447
(a) Investment subsidies generally available toagriculture 298,964
(i) Subsidies fortheinstallation ofimproved irrigation systems
Provision bytheDepartment ofAgriculture, toallfarmers, offinancial support for
theinstallation ofimproved irrigation systems. Theproject wassuspended in1996.0 Accounts, Department
ofAgriculture
(ii) Subsidies forsoilconservation works
Provision offinancial assistance bytheDepartment ofAgriculture forthe
construction ofsoilconservation works.30,020 Accounts, Department
ofAgriculture
(iii) Subsidies forvinereplanting
Provision ofsubsidies fortheuprooting oftraditional vinevarieties, notsuitable for
theproduction ofgood quality wine, andreplanting withimproved varieties with
theobjective ofproducing good quality wine. Asfrom 1996, subsidies provided
through theVine Replanting Project willbedistributed tovinegrowers jointly with
other Wine Grapes Area Subsidies (Supporting Table DS:1, Regional Assistance
Programmes). Subsidies thatwould bepaidthrough theVine Replanting Project in
1996 willbedistributed tovinegrower in1997. Theamount for1996 consisted of
financial assistance (£C2,212) forreplacing thevariety Malavasia Grossa.2,212 Vine Products
Commission
(iv) Purchase ofanimals
Subsidization ofthepurchase ofselected breeding stock forlivestock
improvement andconservation ofrearbreeds offarm animals.7,230 Accounts, Department
ofAgriculture
(v) Subsidies forintegrated livestock development
Payments tolivestock keepers fortherelocation oflivestock units from residential
areas tolivestock areas/zones.
Subsidization ofinterest onloans made fortherelocation andmodernization of
livestock units.
Subsidization ofexpenditure fortheestablishment ofunits forthe
treatment/utilization ofswinery waste/effluent.259,502 Accounts, Department
ofAgricultureG/AG/N/CYP/3
Page8Supporting Table DS:2
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -Special andDifferential Treatment -"Development Programmes"
Measure type Name anddescription ofmeasure withreference tocriteria inArticle 6:2 Monetary value ofmeasure
inyearinquestion (£C)Data sources
1 2 3 4
(vi) Interest onloans subsidy, asadifference between themaximum legal lending rate
inCyprus andsubsidized interest rateofagricultural loans issued byGovernment
Cash subsidies areincluded insubsidies forintegrated livestock development.
Agricultural loans aremedium-term andlong-term loans issued tofarmers ata
subsidized interest rateof5percent, asfrom 1994. (Itwas7percentbefore).
Themaximum legal lending rateinCyprus is8.5percentasfrom 1994 (compared
to9percentbefore).n.a. Loan Commissioners
Cooperative Central
Bank
In1996, totalloans disbursed through agricultural development projects were
£C1,148,050. Subsidized credit wasavailable through thefollowing agricultural
development projects:
-Encouragement offorage cultivation andhaymaking
-Plant protection associations
-Project forthedevelopment offloriculture
-Project fortheimprovement ofvegetable cultivation
-Project fortheorganic production ofvegetables
-Utilization ofaromatic plants andencouragement oftheir cultivation
-Encouragement ofyoung people toremain inrural areas
-Project forthecontrol ofCitrus Tristeza virus
-Integrated livestock development project.G/AG/N/CYP/3
Page9Supporting Table DS:2
DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Measures exempt fromthereduction commitment -Special andDifferential Treatment -"Development Programmes"
Measure type Name anddescription ofmeasure withreference tocriteria inArticle 6:2 Monetary value ofmeasure
inyearinquestion (£C)Data sources
1 2 3 4
(b) Input subsidies generally available tolow-income orresource-poor producers 1,219,483
(i) Subsidies fortheencouragement offorage cultivation andhaymaking
Provision ofsubsidies tofarmers forforage cultivation (pasture development), for
silage andmainly fortheproduction ofhaywiththeobjective toencourage
livestock keepers tousehayasfeed, inproper quantities, thusreplacing barley
andother concentrates. Asmall percentage ofthebudgetary outlays isspent on
fieldtrials.1,204,484 Accounts, Department
ofAgriculture
(ii) Subsidies toplant protection associations
Provision ofsubsidies toplant protection associations which cover partofthe
expenses forpestanddisease control, mainly forgrapes andolives.14,999 Accounts, Department
ofAgricultureG/AG/N/CYP/3
Page10Supporting Table DS:4 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Calculation oftheCurrent Total Aggregate Measurement ofSupport
Description ofbasic products
(including non-product specific AMS)Product-specific AMS
(from Supporting Tables DS:5 toDS:7
below)
(£C)Product-specific equivalent
measurements ofsupport
(from Supporting Table DS:8 below)
(£C)Current Total AMS
(aggregate)
(£C)
1 2 3 4
Wheat
Barley
Wine grapes
Livestock products (Feedgrain subsidy)
Groundnuts
Onions
Apples
Kiwis
Cherries
Sheep andgoatproducts
Olive oil
Pork
Poultry meat
Eggs inshell1,012,440
10,423,670
3,213,951
8,701,449
290,616
145,555
deminimis 0
deminimis 0
deminimis 0
deminimis 0
2,106,360
710,735
7,315,534
1,561,8441,012,440
10,423,670
3,213,951
8,701,449
290,616
145,555
2,106,360
710,735
7,315,534
1,561,844
Non-product-specific AMS
Total: Current Total AMS 23,787,681 11,694,473 35,482,154G/AG/N/CYP/3
Page11Supporting Table DS:5 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Aggregate Measurements ofSupport: Market Price Support
Description of
basic productsCalendar /
marketing year
beginning ...Measure type(s) Applied
administered
price
(£C/tonne)External reference
price (generally
from AGST/...)
(£C/tonne)Eligible
production
(tonnes)Associated
fees/levies
(£C)Total market price
support
(£C)Datasources
1 2 3 4 5 6 7 8
((4-5)*6)-79
Wheat (10.01) Fixed producer
prices141 CIF63.12113,000 1,012,440 Imports andExports
Statistics 1986-1988,
Nicosia, Department of
Statistics andResearch,
Ministry ofFinance.
Barley (10.03) Fixed producer
prices118 CIF38.432131,000 10,423,670 Imports andExports
Statistics 1986-1988,
Nicosia, Department of
Statistics andResearch,
Ministry ofFinance.
______________________
1External reference price used £C63.12/tonne.
2External reference price used £C38.43/tonne.G/AG/N/CYP/3
Page12Supporting Table DS:6 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Aggregate Measurements ofSupport: Non-Exempt Direct Payments
Description of
basic productCalendar /
marketing year
beginning ...Measure type(s) Applied
administered
price
(£C/tonne)External
reference price
(generally from
AGST/...)
(£C/tonne)Eligible
production
(tonnes)Total price-
related direct
payments
(£C)Other non-
exempt direct
payments
(£C)Associated
fees/levies
(£C)Total direct
payments
(£C)Datasources
1 2 3 4 5 6 7
((4-5)*6)8 9 10
(7+8-9)11
Wine grapes
(wine of
fresh grapes
22.04)
Groundnuts
Onions
Apples
Kiwis
Cherries
Sheep and
goatproducts(i)Subsidy by
weight ofwine
grapes
(ii)Subsidy on
Commandaria
wine, byvolume
Product-specific
direct payments
Product-specific
direct payments
deminimis
Product-specific
direct payments
deminimis (1)3,189,207
24,744
290,616
145,555
113,251
1,233
24,973
746,8363,189,207
24,744
290,616
145,555
113,251
1,233
24,973
746,836Final Accounts
Vine Products
Commission.
(Budgetary
outlays)
Treasury,
Ministry of
Finance.
Treasury,
Ministry of
Finance.
Department of
Statistics and
Research,
Ministry of
Finance
Note: Support doesnotexceed 10%oftotalvalue ofproduction ofeachofthese products, fortherelevant year. Under theprovisions ofArticle 6.4oftheAgreement onAgriculture, support
failing below thedeminimis level need nottobeincluded inthecalculation ofthecurrent Total AMS.G/AG/N/CYP/3
Page13Supporting Table DS:7 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Aggregate Measurements ofSupport: Other Product-Specific Support andTotal Product-Specific AMS
Description of
basic productCalendar /
marketing
year
beginning
...Measure type(s) Other product-
specific
budgetary
outlaysOther product
specific support
(include
calculation
details)Associated
fees/levies
(£C)Total other
product-
specific
supportMarket price
support
(Supporting
Table DS:5)
(£C)Non-exempt
direct payments
(Supporting
Table DS:6)
(£C)Total AMS
(£C)Datasources
1 2 3 4 5 6 7
(4+5-6)8 9 10
(7+8+9)11
Wine grapes
(wine of
fresh grapes
22.04)
Wheat
(10.01)
Barley
(10.03)(i)Subsidy by
weight of
wine
grapes
(ii)Subsidy on
Commanda
riawine,
byvolume
Fixed producer
prices
Fixed producer
prices1,012,440
10,423,6703,213,951 3,213,951
1,012,440
10,423,670Final Accounts
Vine Products
Commission.
(Budgetary
outlays)
Department of
Statistics and
Research.
Ministry of
Finance.
Imports and
Exports
Statistics
1986-1988,
Nicosia.G/AG/N/CYP/3
Page14Supporting Table DS:7 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Aggregate Measurements ofSupport: Other Product-Specific Support andTotal Product-Specific AMS
Description ofbasic
productCalendar /
marketing year
beginning ...Measure type(s) Other product-
specific
budgetary
outlays
(£C)Other product
specific support
(include
calculation
details)Associated
fees/
levies
(£C)Total other
product-
specific
support
(£C)Market price
support
(Supporting
Table DS:5)Non-exempt
direct
payments
(Supporting
Table DS:6)Total AMS
(£C)Datasources
1 2 3 4 5 6 7
(4+5-6)8 9 10
(7+8+9)11
Livestock products:
Meat
Beef
Mutton and
Lamb
Goats andkids
Pork
Poultry
Other meat
Milk
EggsFeedgrain
subsidy1Cyprus Grain
Commission
8,701,449 8,701,449 8,701,449
________________________
1Thefixed external reference price used was: £C58.11/tonne.G/AG/N/CYP/3
Page15Supporting Table DS:7 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Aggregate Measurements ofSupport: Other Product-Specific Support andTotal Product-Specific AMS
Description ofbasic
productCalendar /
marketing year
beginning ...Measure type(s) Other product-
specific
budgetary
outlays
(£C)Other product
specific support
(include
calculation
details)Associated
fees/
levies
(£C)Total other
product-
specific
supportMarket price
support
(Supporting
Table DS:5)Non-exempt
direct payments
(Supporting Table
DS:6
(£C)Total AMS
(£C)Datasources
1 2 3 4 5 6 7
(4+5-6)8 9 10
(7+8+9)11
Groundnuts
Onions
Apples
Kiwis
Cherries
Sheep andgoat
productsProduct
specific direct
payments
Product
specific direct
payments
deminimis (1)
Product
specific direct
payments
deminimis (1)290,616
145,555
113,251
1,233
24,973
746,836290,616
145,555
0
0
0
0Treasury, Ministry of
Finance.
Treasury, Ministry of
Finance. Department
ofStatistics and
Research, Ministry of
Finance
(1)Support doesnotexceed 10%oftotalvalue ofproduction ofeachofthese products, fortherelevant year. Under theprovisions ofArticle 6.4oftheAgreement onAgriculture, support
failing below deminimis level need nottobeincluded inthecalculation oftheCurrent Total AMS.
Estimated value ofproduction for1996 arethefollowing (in£C): Apples 6,375,000
Kiwis 300,000
Cherries 950,000
Sheep andGoats products (meat andmilkonly) 28,921,000G/AG/N/CYP/3
Page16Supporting Table DS:8 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Equivalent Measurements ofSupport
Description
ofbasic
productsCalendar /
marketing
year
beginning ...Measure
type(s)Applied
administered
price
(£C/tonne)Production
eligible toreceive
theapplied
administered
price
(tonnes)Market price
support
budgetary
outlays
(£C)Equivalent
measurement of
support (include
calculation
details)Non-exempt
direct
paymentsOther
product-
specific
supportAssociated
fees/leviesTotal monetary
value of
equivalent
commitmentDatasources
1 2 3 4 5 6 7 8 9 10 11
(7+8+9-10)12
Olive oil Fixed
producer
price2,100 1,800 2,106,360 Cyprus Olive Products
Marketing Board.
Department ofStatistics and
Research, Ministry of
Finance.
TheAgricultural Situation in
theEuropean Union, 1995
Report, European
Commission, Brussels -
Luxembourg, 1996.
Itisnoted thatwithrespect toequivalent commitments Cyprus undertook acommitment onlyonthebasis ofthedifference between future contemporaneous prices, i.e.future administered
andfuture external reference prices.
External reference price 1996: 1,589.40 ECU*/tonne or929.80 £C/tonne (intervention price 1995/96)
Price adjusted bymultiplying by1.207509 (amended totheagrimonetary system from 1February 1995)
1Cyprus pound (£C) = 1.7094 ECU -endDecember 1996G/AG/N/CYP/3
Page17Supporting Table DS:8 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Equivalent Measurements ofSupport
Description
ofbasic
productsCalendar /
marketing
year
beginning ...Measure
type(s)Applied
administered
price
(£C/tonne)Production
eligible to
receive the
applied
administered
price
(tonnes)Market price
support
budgetary
outlays
(£C)Equivalent
measurement of
support (include
calculation
details)Non-exempt
direct
paymentsOther
product-
specific
supportAssociated
fees/leviesTotal
monetary
value of
equivalent
commitmentDatasources
1 2 3 4 5 6 7 8 9 10 11
(7+8+9-10)12
Pork Fixed
prices900 42,800 710,735 "Supplies andServices"
Regulation, Department of
Statistics andResearch,
Ministry ofFinance.
TheAgricultural Situation in
theEuropean Union, 1995
Report, European Commission,
Brussels -Luxembourg, 1996.
Itisnoted thatwithrespect toequivalent commitments Cyprus undertook acommitment onlyonthebasis ofthedifference between future contemporaneous prices, i.e.future administered
andfuture external reference prices.
External reference price 1996: 1,509.39 ECU*/tonne or882.99 £C/tonne (intervention price 1995/96)
liveweight: Administered price £C=0.52/kg. for1996.
Price adjusted bymultiplying by1.207509 (amended totheagrimonetary system from 1February 1995)
1Cyprus pound (£C) = 1.7094 ECU -endDecember 1996G/AG/N/CYP/3
Page18Supporting Table DS:8 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Equivalent Measurements ofSupport
Description
ofbasic
productsCalendar /
marketing
year
beginning ...Measure
type(s)Applied
administered
price
(£C/tonne)Production
eligible toreceive
theapplied
administered
price
(tonnes)Market price
support
budgetary
outlays
(£C)Equivalent
measurement of
support (include
calculation
details)Non-exempt
direct
paymentsOther
product-
specific
supportAssociated
fees/leviesTotal monetary
value of
equivalent
commitmentDatasources
1 2 3 4 5 6 7 8 9 10 11
(7+8+9-10)12
Poultry meat Fixed prices 1,050 27,600 7,315,534 "Supplies andServices"
Regulation. Department
ofStatistics andResearch,
Ministry ofFinance.
TheAgricultural Situation
intheEuropean Union,
1994 Report, European
Commission, Brussels -
Luxembourg, 1995.
Itisnoted thatwithrespect toequivalent commitments Cyprus undertook acommitment onlyonthebasis ofthedifference between future contemporaneous prices,
i.e.future administered andfuture external reference prices.
External reference price 1995: 1,111.20 ECU*/tonne or784.94 £C/tonne (sluice-gate price 1994/95)
*Green ECU
1Green ECU = 1.207509 commercial ECU
1Cyprus pound (£) = 1.7094 ECU -endDecember 1996
Noinstitutional prices were applicable forthe1995/96 marketing year. Fixed prices, inCyprus, were thesame asin1995. Forthecalculation ofsupport, itwasassumed thatinstitutional
prices would beatthelevel of1994/95.G/AG/N/CYP/3
Page19Supporting Table DS:8 DOMESTIC SUPPORT: Cyprus
REPORTING PERIOD: calendar year1996
Product-Specific Equivalent Measurements ofSupport
Description
ofbasic
productsCalendar /
marketing
year
beginning ...Measure
type(s)Applied
administered
price
(£C/tonne)Production
eligible toreceive
theapplied
administered
price
(tonnes)Market price
support
budgetary
outlays
(£C)Equivalent
measurement of
support (include
calculation
details)Non-exempt
direct
paymentsOther
product-
specific
supportAssociated
fees/leviesTotal monetary
value of
equivalent
commitmentDatasources
1 2 3 4 5 6 7 8 9 10 11
(7+8+9-10)12
Eggs (in
shell)Fixed
prices0.52 13,500,000 1,561,844 "Supplies andServices"
Regulation. Department of
Statistics andResearch, Ministry
ofFinance.
TheAgricultural Situation inthe
European Union, 1994 Report,
European Commission, Brussels
-Luxembourg, 1995.
Itisnoted thatwithrespect toequivalent commitments Cyprus undertook acommitment onlyonthebasis ofthedifference between future contemporaneous prices,
i.e.future administered andfuture external reference prices.
1egg=55-60 or57.50 gr.
External reference price 1995: 829.50 ECU*/tonne or0.404 £C/dozen (sluice-gate price 1994/95)
*Green ECU
1Green ECU = 1.207509 commercial ECU
1Cyprus pound (£C) = 1.7094 ECU -endDecember 1996
Noinstitutional prices were applicable forthe1995/96 marketing year. Fixed prices, inCyprus, were thesame asin1995. Forthecalculation ofsupport, itwasassumed thatinstitutional
prices would beatthelevel of1994/95.