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COUNCIL REGULATION (EEC) No 747/86
of 10 March 1986
on the application of the EEC-Morocco Cooperation Council Decision No 1/86 replacing the unit of account by the ECU in the Protocol on the definition of 'originating products' and methods of administrative cooperation to the Cooperation Agreement between the European Economic Community and Morocco
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 113 thereof,
Having regard to the proposal from the Commission,
Whereas the Cooperation Agreement between the European Economic Community and the Kingdom of Morocco (1) was signed on 27 April 1976 and entered into force on 1 November 1978;
Whereas pursuant to Article 28 of the Protocol on the definition of 'originating products' and methods of administrative cooperation, the EEC-Morocco Cooperation Council has adopted Decision No 1/86;
Whereas that Decision should be made operative in the Community,
HAS ADOPTED THIS REGULATION:
Article 1
Decision No 1/86 of the EEC-Morocco Cooperation Council shall be applicable in the Community.
The text of the Decision is attached to this Regulation.
Article 2
This Regulation shall enter into force on 1 April 1986.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 10 March 1986.
For the Council
The President
H. van den BROEK
(1) OJ No L 264, 27. 9. 1978, p. 2.
DECISION No 1/86 OF THE EEC-MOROCCO COOPERATION COUNCIL
of 21 February 1986
replacing the unit of account by the ECU in the Protocol on the definition of 'originating products' and methods of administrative cooperation to the Cooperation Agreement between the European Economic Community and Morocco
THE COOPERATION COUNCIL,
Having regard to the Cooperation Agreement between the European Economic Community and the Kingdom of Morocco and in particular Title I thereof,
Having regard to the Protocol concerning the definition of the concept of 'originating products' and methods of administrative cooperation, hereinafter called the 'Protocol', and in particular Article 6 (1) and Article 28 thereof,
Whereas, since the unit of account is not appropriate to the current international monetary situation, it is necessary to find an alternative so as to continue to have a common value basis for determining when forms EUR. 2 may be used instead of movement certificates EUR. 1 and when no documentary evidence of origin is required;
Whereas the European Communities introduced the ECU as from 1 January 1981;
Whereas it is convenient to use the ECU to serve as a common value basis;
Whereas, for administrative and commercial reasons, the common value basis must remain fixed for periods of at least two years, and whereas the ECU to be used must in consequence be exceptionally fixed at a base date to be updated every two years,
HAS DECIDED AS FOLLOWS:
Article 1
The Protocol shall be amended as follows:
1. In the second subparagraph of Article 6 (1) the amount '1 000 units of account' shall be replaced by '2 355 ECU';
2. In Article 6 (1), the third subparagraph shall be deleted and the following inserted:
'Up to and including 30 September 1987 the ECU to be used in any given national currency of a Member State of the Community shall be the equivalent in that national currency of the ECU as at 1 October 1984. For each successive period of two years, it shall be the equivalent in that national currency of the ECU as at the first working day in October in the year immediately preceding that two-year period.
Revised amounts replacing the amounts expressed in ECU in this Article and in Article 17 (2), may be introduced by the Community at the beginning of any successive two-year period, if necessary, and shall be notified by the Community to the Customs Cooperation Committee not later than one month before they shall come into force. These amounts shall, in any event, be such as to ensure that the value of the limits as expressed in the currency of any Member State shall not decline.
If the goods are invoiced in the currency of another Member State of the Community the importing Member State shall recognize the amount notified by the Member State concerned.';
3. In Article 17 (2) the amounts '60 units of account' and '200 units of account' shall be replaced by '165 ECU' and '470 ECU' respectively.
Article 2
This Decision shall enter into force on 1 April 1986.
Done at Brussels, 21 February 1986.