8.7.88 OfficialJournaloftheEuropeanCommunities NoL177/45
COMMISSION REGULATION (EEC)No2023/88
of7July1988
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(5),definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No1097/88(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
HavingregardtotheopinionoftheMonetaryCommittee,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient ;WhereasArticle2ofCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsandcereal
productsontheworldmarketontheother;whereasthe
sameArticleprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopmentofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports,and
theneedtoavoiddisturbaricesontheCommunity
market;Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal; WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
(«)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.
(«)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.(')OJNoL281,1.11.1975,p.1.
ROJNoL110,29.4.1988,p.7.hOJNoL281,1.11.1975,p.78.

8.7.88NoL177/46 OfficialJournaloftheEuropeanCommunities
WhereastheCouncilhasnottodateadoptedtheprices
forthe1988/89marketingyear,whichcommences
on1July1988;whereasthepricefactorsdetermined
byCommissionRegulation(EEC)No1914/88(')should
accordinglybetakenintoaccountforthecalculationof
therefundsinordertoensurethattheexportarrange­
mentscontinuetooperateinthesectorconcerned;HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon8July1988.WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
Doneat{Brussels,7July1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof7July1988fixingtheexportrefundsonmalt
(ECU/tonne)
Refund Productcode
11071019000
11071099000
1107200000050,00
60,00
80,00
NB:TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No
3846/87asamended.
(■)OJNoL168,1.7.1988,p.119.