8.1.88 OfficialJournaloftheEuropeanCommunities NoL5/35
COMMISSION REGULATION (EEC)No44/88
of7January1988
fixingtheexportrefundsonmalt
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestina­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient;
Whereas,followingtheintroductionofthe'combined
nomenclature 'byCouncilRegulation(EEC)No
2658/87(8),thenomenclature applicablefrom1January
1988toexportrefundsonagriculturalproductswasesta­
blishedbyRegulation(EEC)No3846/87f);
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHFEUROPEAN
COMMUNITIES ,
HavingregardtotheTreat)establishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation (EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No3989/87(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetaryCommittee ,
WhereasArticle16ofRegulation (EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthostproductswithin
theCommunitymaybecoveredbyanexportrefund;
WhereasArticle2ofCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theam6untofsuchrefunds(J),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsandcereal
productsontheworldmarketontheother;whereasthe
sameArticleprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopment ofpricesand
tradeoncerealmarketsandfurthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports,and
theneedtoavoiddisturbances ontheCommunity
market;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation (EEC)No1906/87(y),definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated ;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon8January1988.
(')OJNoL281,1.11.1975,P1.
(2)OJNoL377,31.12.1987.p.1.oOJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,P.49,0OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.
(8)OJNoL256,7.9.1987,p.1.
0OJNoL366,24.12.1987,p.1.

NoL5/36 OfficialJournaloftheEuropeanCommunities 8.1.88
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
Stateb.
DoneatBrussels,7January1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof7January1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 146,30
11071099000 188,10
11072000000 219,22