NoL308/42fENl OfficialJournaloftheEuropeanCommunities 29.11.96
COMMISSION REGULATION (EC)No2280/96
of28November 1996
determiningtheworldmarketpriceforunginnedcottonandtheratefortheaid
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,ferencesinproductqualityandthenatureofoffersand
quotations;whereastheseadjustmentsarespecifiedin
Article2ofRegulation(EEC)No1201/89;
HavingregardtotheTreatyestablishingtheEuropean
Community ,Whereasapplicationoftheaboverulesgivestheworld
marketpriceforunginnedcottonindicatedhereunder;
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton,as
lastamendedbyCouncilRegulation(EC)No1553/95('),WhereasArticle5(3)ofRegulation (EC)No1554/95
stipulatesthattheadvancepaymentratefortheaidisto
betheguidepricelesstheworldmarketpriceandlessa
furtheramountcalculatedbytheformulaapplicablewhen
theguaranteedmaximumquantityisoverunbutwitha
15%increaseintheestimateforunginnedcotton
production ;whereasCommissionRegulation (EC)No
1683/96(6)determinedestimatedproductionforthe
1996/97marketingyear,whereasapplicationofthese
rulesgivestheadvancepaymentratesforeachMember
Stateindicatedhereunder,HavingregardtoCouncilRegulation(EC)No1554/95of
29June1995(2)layingdowngeneralrulesforthesystem
ofaidforcottonandrepealingRegulation (EEC)No
2169/81,asamendedbyRegulation (EC)No1584/96(3),
andinparticularArticles3,4and5thereof,
HASADOPTEDTHISREGULATION :
Article1WhereasArticle3ofRegulation (EC)No1554/95
requiresaworldmarketpriceforunginnedcottontobe
periodicallydeterminedfromtheworldmarketprice
determinedforginnedcotton,usingthehistoricalrela­
tionshipbetweenthetwopricesasspecifiedinArticle1
(2)ofCommissionRegulation(EEC)No1201/89of3
May1989layingdownrulesforimplementingthesystem
ofaidforcotton(4),aslastamendedbyRegulation(EC)
No1645/96(s);whereasifitcannotbedeterminedinthis
wayitistobebasedonthelastpricedetermined ;1.Theworldmarketpriceforunginnedcottonasindi­
catedinArticle3ofRegulation(EC)No1554/95issetat
ECU32,867per100kilograms.
2.AdvancepaymentoftheaidasindicatedinArticle5
(3)ofRegulation(EC)No1554/95shallbeattherateof:
—ECU61,740per100kilogramsinSpain,
—ECU31,232per100kilogramsinGreece,WhereasArticle4ofRegulation (EC)No1554/95
requirestheworldmarketpriceforginnedcottontobe
determinedforaproductofspecificcharacteristicsusing
themostfavourableoffersandquotationsontheworld
marketofthoseconsideredrepresentative ofthereal
markettrend;whereastothisendanaverageistobe
calculatedofoffersandquotationsononeormoreEuro­
peanexchangesforacifproducttoaNorthEuropean
portfromthesuppliercountriesconsideredmostrepre­
sentativeasregardsinternationaltrade;whereasthese
rulesfordetermination oftheworldmarketpricefor
ginnedcottonprovideforadjustmentstoreflectdif­—ECU73,433per100kilogramsinotherMember
States.
Article2
ThisRegulationshallenterintoforceon29November
1996.
(s)OJNoL217,28.8.1996,p.1.(')OJNoL148,30.6.1995,p.45.
2)OJNoL148,30.6.1995,p.48.0OJNoL206,16.8.1996,p.16.
{jOJNoL123,4.5.1989,p.23.
5OJNoL207,17.8.1996,p.3.

29.11.96EN OfficialJournaloftheEuropeanCommunities NoL308/43
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28November1996.
FortheCommission
FranzFISCHLER
MemberoftheCommission