NoL290/16EN OfficialJournaloftheEuropeanCommunities 13.11.96
COMMISSION REGULATION (EC)No2170/96
of12November 1996
determiningtheworldmarketpriceforunginnedcottonandtheratefortheaid
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
Community ,ferencesinproductqualityandthenatureofoffersand
quotations;whereastheseadjustmentsarespecifiedin
Article2ofRegulation(EEC)No1201/89;
Whereasapplicationoftheaboverulesgivestheworld
marketpriceforunginnedcottonindicatedhereunder;
WhereasArticle5(3)ofRegulation (EC)No1554/95
stipulatesthattheadvancepaymentratefortheaidisto
betheguidepricelesstheworldmarketpriceandlessa
furtheramountcalculatedbytheformulaapplicablewhen
theguaranteedmaximumquantityisoverunbutwitha
15%increaseintheestimateforunginnedcotton
production;whereasCommissionRegulation (EC)No
1683/96(6)determinedestimatedproductionforthe
1996/97marketingyear;whereasapplicationofthese
rulesgivestheadvancepaymentratesforeachMember
Stateindicatedhereunder ,HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton,as
lastamendedbyCouncilRegulation(EC)No1553/95('),
HavingregardtoCouncilRegulation(EC)No1554/95of
29June1995(2)layingdowngeneralrulesforthesystem
ofaidforcottonandrepealingRegulation (EEC)No
2169/81,asamendedbyRegulation (EC)No1584/96(3),
andinparticularArticles3,4and5thereof,
HASADOPTEDTHISREGULATION :
Article1WhereasArticle3ofRegulation (EC)No1554/95
requiresaworldmarketpriceforunginnedcottontobe
periodicallydeterminedfromtheworldmarketprice
determinedforginnedcotton,usingthehistoricalrela­
tionshipbetweenthetwopricesasspecifiedinArticle1
(2)ofCommissionRegulation(EEC)No1201/89of3
May1989layingdownrulesforimplementingthesystem
ofaidforcotton(4),aslastamendedbyRegulation(EC)
No1645/96(5);whereasifitcannotbedeterminedinthis
wayitistobebasedonthelastpricedetermined;1.Theworldmarketpriceforunginnedcottonasindi­
catedinArticle3ofRegulation(EC)No1554/95issetat
ECU29,777per100kilograms.
2.AdvancepaymentoftheaidasindicatedinArticle5
(3)ofRegulation(EC)No1554/95shallbeattherateof:
—ECU64,830per100kilogramsinSpain,
—ECU34,322per100kilogramsinGreece,
—ECU76,523per100kilogramsinotherMember
States.WhereasArticle4ofRegulation (EC)No1554/95
requirestheworldmarketpriceforginnedcottontobe
determinedforaproductofspecificcharacteristicsusing
themostfavourableoffersandquotationsontheworld
marketofthoseconsideredrepresentative ofthereal
markettrend;whereastothisendanaverageistobe
calculatedofoffersandquotationsononeormoreEuro­
peanexchangesforacifproducttoaNorthEuropean
portfromthesuppliercountriesconsideredmostrepre­
sentativeasregardsinternationaltrade;whereasthese
rulesfordetermination oftheworldmarketpricefor
ginnedcottonprovideforadjustmentstoreflectdif­Article2
ThisRegulationshallenterintoforceon13November
1996.(')OJNoL148,30.6.1995,p.45.
(2)OJNoL148,30.6.1995,p.48.
(3)OJNoL206,16.8.1996,p.16.
(«)OJNoL123,4.5.1989,p.23.
5OJNoL207,17.8.1996,p.3. («)OJNoL217,28.8.1996,p.1.

13.11.96EN OfficialJournaloftheEuropeanCommunities NoL290/17
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,12November1996.
FortheCommission
FranzFISCHLER
MemberoftheCommission