COUNCIL REGULATION (EEC) No 3567/81 of 3 December 1981 on the application of the EEC-Egypt Cooperation Council Decision No 1/81 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 the Arab Republic of Egypt
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 of the Commission,
Whereas the Cooperation Agreement between the European Economic Community and the Arab Republic of Egypt (1) was signed on 18 January 1977 and entered into force on 1 November 1978;
Whereas pursuant to Article 25 of the Protocol on the definition of "originating products" and methods of administrative cooperation, the EEC-Egypt Cooperation Council has adopted Decision No 1/81 amending the Protocol as regards the rules of origin;
Whereas that Decision should be made operative in the Community,
HAS ADOPTED THIS REGULATION:
Article 1
Decision No 1/81 of the EEC-Egypt 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 the third day following its publication in the Official Journal of the European Communities.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 3 December 1981.
For the Council
The President
T. KING (1) OJ No L 266, 27.9.1978, p. 1.
DECISION No 1/81 OF THE EEC-EGYPT COOPERATION COUNCIL of 18 September 1981 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 the Arab Republic of Egypt
THE COOPERATION COUNCIL,
Having regard to the Cooperation Agreement between the European Economic Community and the Arab Republic of Egypt, 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 Articles 6 (1) and 25 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 ; 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), theamount "1 000 units of account" shall be replacedby "1 620 ECU".
2. In Article 6 (1), the third subparagraph shall bedeleted and the following inserted:
"Up to and including 30 April 1983, the ECU to beused in any given national currency of a MemberState of the Community shall be the equivalent inthat national currency of the ECU as at 1 October1980. For each successive period of two years itshall be the equivalent in that national currency ofthe ECU as at the first working day in October inthe year immediately preceding that two-yearperiod.
Revised amounts replacing the amounts expressedin ECU in this Article and in Article 17 (2) may beintroduced by the Community at the beginning ofany successive two-year period, if necessary, andshall be notified by the Community to theCustoms Cooperation Committee not later thanone month before they come into force. Theseamounts shall be, in any event, such as to ensurethat the value of the limits as expressed in thecurrency of any Member State shall not decline.
If the goods are invoiced in the currency ofanother Member State of the Community, theimporting Member State shall recognize theamount 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 "105ECU" and "325 ECU" respectively.
Article 2
This Decision shall enter into force on 1 February 1982.
Done at Brussels, 18 September 1981.