23.12.88 OfficialJournaloftheEuropeanCommunities NoL355/59
COMMISSION REGULATION (EEC)No4043/88
of22December 1988
fixingtheexportrefundsonmalt
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/87Q,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No2221/88(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyan-exportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75(3),layingdowngeneralrulesforgrantingexport
refundsoncerealsandcriteriaforfixingtheamountof
suchrefunds,providesthatwhenrefundsarebeingfixed
accountmustbetakenoftheexistingsituationandthe
futuretrendwithregardtopricesandavailabilitiesof
cerealsontheCommunitymarketontheonehandand
pricesforcerealsandcerealproductsontheworldmarket
ontheother;whereasthesameArticleprovidesthatitis
alsoimportanttoensureequilibriumandthenatural
developmentofpricesandtradeoncerealmarketsand,
furthermore,totakeintoaccounttheeconomicaspectof
theproposedexports,andtheneedtoavoiddisturbances
ontheCommunitymarket;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(*),definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbeHASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon23December
1988. (')OJNoL281,1.11.1975,p.1.0OJNoL197,26.7.1988,p.16.
(3)OJNoL281,1.11.1975,p.78.
(4jOJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.(6)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

NoL355/60 OfficialJournaloftheEuropeanCommunities 23.12.88
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,22December1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof22December1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 77,00
11071099000 81,00
11072000000 93,00
NB:TheproductcodesandthefootnotesaredefinedinCommissionRegulation
(EEC)No3846/87asamended(OJNoL366,24.12.1987,p.1).