NoL101/8 OfficialJournaloftheEuropeanCommunities 18.4.80
COMMISSION REGULATION (EEC)No932/80
of17April1980
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation(EEC)No1547/79(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsandcerealproductsontheworld
marketontheother;whereasthesameArticle
providesthatitisalsoimportanttoensureequili­
briumandthenaturaldevelopment ofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports,
andtheneedtoavoiddisturbances ontheCommu­
nitymarket;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2245/78(5),
definesthespecificcriteriatobetakenintoaccount
whentherefundontheseproductsisbeingcalcu­
lated;Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinproducts
processedfromcerealsandricethattheexportrefund
shouldbefixedatanamountwhichwillcoverthe
differencebetweenCommunitypricesandworld
marketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
WhereasCouncilRegulation(EEC)No652/79of29
March1979ontheimpactoftheEuropeanmonetary
systemonthecommonagriculturalpolicy(6),as
amendedbyRegulation(EEC)No1264/79(7),intro­
ducedtheECUintothecommonagriculturalpolicy;
whereas,sincethattime,pursuanttoexistingprovi­
sions,theECUhasbeentakenintoaccountinthe
fixingofamountsrelatingto:
—theapplicationofthecommonagriculturalpolicy,
—thespecialtradearrangementsforgoodsresulting
fromtheprocessingofagriculturalproducts;
WhereastheperiodofvalidityoftheaforesaidRegula­
tionwaslimitedto31March1980;whereasithasnot
beenpossibleforaprolongationofthosearrange­
ments,proposedbytheCommission ,tobeadoptedin
timebytheCouncil;whereas,inordertoavoida
breakinthearrangementsresulting,inparticular,in
alterationsinthelevelofpricesandofotheramounts
innationalcurrency,itappearsnecessary,inthe
manifestpublicinterest,asaprecautionary measure
andpendingafinaldecisiononthematterbythe
Council,tocontinuetheapplicationofthearrange­
mentsintheirpresentform;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach(')OJNoL281,1.11.1975,p.1.
(2)OJNoL188,26.7.1979,p.1.
(J)OJNoL281,1.11.1975,p.78.
(«)OJNoL281,1.11.1975,p.65.
(5)OJNoL273,29.9.1978.p.1.(b)OJNoL84,4.4.1979,p.1.
(7)OJNoL161,29.6.1979,p.1.

18.4.80 OfficialJournaloftheEuropeanCommunities NoL101/9
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation(EEC)No2727/75subjecttoRegulation
(EEC)No2744/75shallbeassetoutintheAnnex
hereto.
Article2
ThisRegulationshallenterintoforceon18April
1980.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,17April1980.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof17April1980fixingtheexportrefundsonmalt
(ECU/tonne)
CCTheadingNo Refund
11.07AIb) 6118
11.07AIIb) 86-84
11.07B 101-20