OfficialJournaloftheEuropeanCommunities 133
22.4.64 OFFICIALJOURNALOFTHEEUROPEANCOMMUNITIES 1031/64
COUNCILDECISION
of15April1964
settingupaMedium-term EconomicPolicyCommittee
(64/247/EEC)
THECOUNCIL OFTHEEUROPEAN ECONOMIC
COMMUNITY ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity,andinparticular
Articles105and145thereof;
HavingregardtotheRecommendation oftheCom­
mission;
HavingregardtotheOpinionoftheEuropeanPar­
liament1;
HavingregardtotheOpinionoftheEconomicand
SocialCommittee 2;"Whereasitisespeciallydesirabletoensureclose
co-ordination ofthepoliciesofMemberStatesand
Communityinstitutionsinfieldswhichareofdecisive
importancefortheeconomicandsocialdevelopment
oftheCommunity ;
Whereasitisdesirabletointegrateintoasingleecon­
omicprogrammecoveringaperiodofseveralyears
thecommonpoliciestobeimplemented in'various
fields;
Whereastothisenditisappropriatetolaydowna
procedureforthepreparationandadoptionofa
medium-termeconomicpolicyprogrammewhichwill
provideguidelinesfortheactionofCommunityinsti­
tutionsandMemberStates;
HASDECIDEDASFOLLOWS : WhereasinaccordancewithArticle2oftheTreaty
theCommunityhasasitstask,byestablishingacom­
monmarketandprogressivelyapproximating the
economicpoliciesofMemberStates,topromote
throughouttheCommunityaharmoniousdevelop­
mentofeconomicactivities,acontinuousandbal­
ancedexpansion,anincreaseinstability,anacceler­
atedraisingofthestandardoflivingandcloserre­
lationsbetweentheStatesbelongingtoit;
WhereasunderArticles6and105oftheTreaty,
MemberStateshaveundertakentoco-ordinatetheir
economicpoliciesandunderArticle145thereofthe
Councilmustensureco-ordination ofthegeneral
economicpoliciesoftheMemberStates;
Whereasmedium-term forecastswillprovideinfor­
mationregardingfutureeconomicandsocialtrends
andwilltherebyfacilitatethetakingofnationaland
Communitydecisions,theeffectsofwhichdonotbe­
comeapparentuntilsometimelater;1.AMedium-term EconomicPolicyCommitteeis
herebysetuptopromoteco-ordination oftheeco­
nomicpoliciesofMemberStates.
2.TheCommitteeshallinparticularberespon­
sibleforpreparing,inthelightofallavailableinfor­
mationandinparticularoftheforecastsofagroupof
expertsattachedtotheCommission ,apreliminary
draftofamedium-termeconomicpolicyprogramme
outlininginbroadtermstheeconomicpolicieswhich
theMemberStatesandtheinstitutionsoftheCom­
munityintendtofollowduringtheperiodunder
consideration ,anddesignedtoensuretheco­
ordinationofsuchpolicies.
Thatprogrammeshallcoveraperiodofaboutfive
years.
TheCommissionshalldrawupadraftprogramme
onthebasisoftheworkoftheMedium-term Eco­
nomicPolicyCommittee.Thisdraftshallindicatethe
pointsinrespectofwhichitdiffersfromtheprelimi­
narydraftoftheCommittee .1OJNo24,8.2.1964,p.408/64.
2OJNo38,5.3.1964,p.643/64.

134 OfficialJournaloftheEuropeanCommunities
CommitteeandthealternatesappointedbytheMem­
berStatesshallbeselectedfromamongseniorof­
ficialsresponsibleforeconomicpolicyintheirown
countries .
ThetermofofficeofthemembersoftheCommittee
andthealternatesshallbetwoyears.Itshallbere­
newable.
5.TheCommitteeshallelectitsofficersfora
periodoftwoyears.Itshalladoptitsownrulesof
procedureandshallsubmitthemfortheapprovalof
theCouncil;theCouncilshallactafterobtaining
theOpinionoftheCommission .
Secretarial ,servicesshallbeprovidedfortheCommit­
teebytheCommission .TheCommissionshalldeal
withpreparationoftheworkandestablishallnecess­
arycontactswithexistingCommitteesandworking
parties.
6.TheCommitteemayentrustthestudyofspecific
questionstoworkingpartiesconsistingofcertain
ofitsmembersoralternatesorofexperts.
7.TheCommitteeshalladdressitsreportsand
OpinionstotheCouncilandtotheCommission .TheCommissionshallforwardthedraftprogramme
totheCouncil,whichshallforthwithplaceitbefore
theEuropeanParliamentandtheEconomicand
SocialCommitteefortheirOpinions.
TheCouncilandthegovernmentsofMemberStates
mustgivetheirapprovalbeforetheprogrammecan
beadopted.
TheadoptionoftheProgrammebytheCounciland
theGovernments oftheMemberStatesshallbeevi­
denceoftheirintentiontofollowtheguidelines
thereininthefieldstowhichtheprogrammerelates.
TheCommitteeshallundertakeanannualreviewof
theprogrammeinordertoadaptitifnecessary.
3.TheCommitteeshallkeepunderreviewthe
medium-termeconomicpoliciesoftheMemberStates
andshallconsider ,whethertheyarecompatiblewith
theprogrammeadoptedpursuanttotheprocedure
providedforinparagraph2ofthisDecision.
Itshallanalysethedevelopmentoftheeconomyin
ordertodiscoverthereasonsforanydivergencefrom
theforecastsreferredtoinparagraph2.
Itshall,attherequestoftheCounciloroftheCom­
missionoronitsowninitiative,deliverOpinionsto
assistandinformthecompetentinstitutionsofthe
CommunityandofMemberStatesinpursuingthe
economicpolicyenvisaged.
4.TheMemberStatesandtheCommission shall
eachappointtwomembersoftheCommittee .They,
mayalsoappointtwoalternates.ThemembersoftheDoneatBrussels,15April1964.
FortheCouncil
ThePresident
H.FAYAT