OfficialJournaloftheEuropeanCommunities25.3.88NoL80/40
COMMISSION REGULATION (EEC)No781/88
of24March1988
fixingtheexportrefundsonmalt
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975on-thecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No3989/87(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation:
HavingregardtotheopinionoftheMonetaryCommittee,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No1636/87Q,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient;WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandprices,forthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsandcereal
productsontheworldmarketontheother;whereasthe
sameArticleprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopmentofpricesand
tradeoncerealmarketsand,furthermore,totakeinto
accounttheeconomicaspectoftheproposedexports,and
theneedtoavoiddisturbancesontheCommunity
market;Whereas,followingtheintroductionofthe'combined
nomenclature'byCouncilRegulation (EEC)No
2658/87(8),thenomenclatureapplicablefrom1January
1988toexportrefundsonagriculturalproductswas
establishedbyRegulation(EEC)No3846/87(');
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/870,definesthe
OOJNoL281,1.11.1975,p.1.0OJNoL377,31.12.1987,p.1.
(3)OJNoL281,1.11.1975,p.78.
(<)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.(<)OJNoL164,24.6.1985,p.1.
OOJNoL153,13.6.1987,p.1.
(8)OJNoL256,7.9.1987,p.1.
(»)OJNoL366,24.12.1987,p.1.

25.3.88OfficialJournaloftheEuropeanCommunities NoL80/41
TherefundonexporttoPortugalhasnotbeenfixed.WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.Article2
ThisRegulationshallenterintoforceon25March1988
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
DoneatBrussels,24March1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof24March1988fixingtheexportrefundsonmalt
(ECU/tonne)
ProductcodeRefund
11071019000
11071099000
11072000000117,00
170,00
200,00