1987R1964 — EN — 30.07.1992 — 002.001 — 1
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►B COUNCIL REGULATION (EEC)No 1964/87
of 2 July 1987
adjusting the system of aid for cotton introduced by Protocol No 4 annexed to the Act of Accession
of Greece
(OJ L 184, 3.7.1987, p. 14)
Amended by:
Official Journal
No page date
►M1Council Regulation (EEC) Nr. 1357/90 of 14 May 1990 L 134 22 28.5.1990
►M2Council Regulation (EEC) No 2052/92 of 30 June 1992 L 215 10 30.7.1992
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COUNCIL REGULATION (EEC)No 1964/87
of 2 July 1987
adjusting the system of aid for cotton introduced by Protocol No 4
annexed to the Act of Accession of Greece
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Havingreg ard to the Treaty establishingthe European EconomicCommunity,
Havingreg ard to the Act of Accession of Greece, and in particular
paragraph 11 of Protocol No 4 on cotton annexed to it, as amended byProtocol No 14 attached to the Act of Accession of Spain and Portugal,
Havingreg ard to the proposal from the Commission(
1),
Havingreg ard to the opinion of the European Parliament(2),
Havingreg ard to the opinion of the Economic and Social Committee(3),
Whereas examination of the operation of the system introduced for
cotton by Protocol No 4 reveals a need for adjustment;
Whereas provision should be made to reduce the amount of production
aid where the estimated production exceeds the maximum quantityguaranteed for the marketing year in question; whereas in the interestsof sound management, provision should also be made that in caseswhere the actual production differs from the estimated production, themaximum quantity guaranteed for the ensuing marketing year must beaccordingly adjusted;
Whereas cotton is grown in some of the least-favoured areas of the
Community; whereas a study should be carried out which deals with theimpact of cotton-growing in the regions concerned; whereas provisionshould be made for alteringthe maximum g uaranteed quantity if thestudy’s findings show this to be necessary;
Whereas experience may show that other adjustments to the system
provided for by the abovementioned protocol are necessary; whereasprovision should be made therefore for enablingthe Council to adjustthe system,
HAS ADOPTED THIS REGULATION:
Article 1
This Regulation provides for adjustments to the system of aid for the
production of cotton provided for in paragraph 3 of Protocol No 4attached to the Act of Accession of Greece.
Article 2
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M2
1. The Council, actingby a qualified majority on a proposal from theCommission, shall determine the maximum guaranteed quantity for afixed period. Such quantity shall take into account a reference periodand a foreseeable trend in demand.
However, for each of the 1992/93 to 1995/96 marketingyears, the
maximum guaranteed quantity shall be fixed at 701 000 tonnes ofunginned cotton.
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B
2. When the production of unginned cotton, estimated at the begin-ningof the marketingyear, exceeds the maximum quantity g uaranteed
(1) OJ No C 89, 3. 4. 1987, p. 39.
(2) OJ No C 156, 15. 6. 1987.
(3) OJ No C 150, 9. 6. 1987, p. 8.
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for the year in question, the amount of aid shall be reduced by anamount obtained by multiplyingthe norm price by a coefficient whichincreases in line with the amount by which estimated productionexceeds the maximum quantity guaranteed.
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However, without prejudice to the third subparagraph, if the reductionin the amount of aid exceeds 15 % of the guide price, this reductionshall be limited, under the marketingyear concerned, to 15 %. Anyreduction which exceeds this limit shall be carried forward to the guideprice of the followingmarketingyear up to a limit of 5 %.
Moreover, the amount of the aid for the marketingyear concerned shall
be adjusted upwards of a threshold of 3 % on the basis of the relationbetween, on the one hand, the gap between the estimated productionand the actual production and, on the other hand, the maximum quantityg uaranteed for the precedingmarketingyear.
However for the 1992/93 marketingyear, the reduction in the g uide
price may in no case exceed 15 %.
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3. The Council, actingby a qualified majority on a proposal from theCommission, shall adopt the rules for the determination of the coeffi-cient referred to in paragraph 2.
Article 3
1. The Commission shall, before the 1988/89 marketingyear, submit
to the Council a report on the functioningof the system based on anorm price, for unginned cotton and on the development of cotton-growing in the least-favoured areas of the Community.
The Council, actingby a qualified majority on a proposal from the
Commission and after consultingthe European Parliament shall, if thereport shows this to be necessary, decide on a change in the maximumguaranteed quantity specified in Article 2.
2. Not later than five years after the implementation of this Regula-
tion the Commission shall submit to the Council a report on the opera-tion of the aid scheme.
The Council, actingin accordance with the procedure referred to in the
second subparagraph of paragraph 1 shall, if the report shows this to benecessary, decide on any adjustments to the system.
Article 4
This Regulation shall enter into force on the day of its publication in the
Official Journal of the European Communities .
It shall apply with effect from the 1987/88 marketingyear.
This Regulation shall be binding in its entirety and directly applicable in
all Member States.