NoL50/22 OfficialJournaloftheEuropeanCommunities 1.3.79
COMMISSION REGULATION (EEC)No407/79
of28February1979
fixingtheexportrefundsonoliveoil
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganizationofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketinoilsand
fats(!),aslastamendedbyRegulation (EEC)No
1562/78(2),
HavingregardtoCouncilRegulation (EEC)No
2749/78of23November1978ontradeinoilsand
fatsbetweentheCommunityandGreece(3),
HavingregardtoCouncilRegulationNo171/67/EEC
of27June1967onexportrefundsandleviesonolive
oil(4),aslastamendedbyRegulation (EEC)No
2429/72(5),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle9ofRegulation (EEC)No2749/78
providesthatArticle20ofRegulationNo136/
66/EECandthemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;
Whereasthedetailedrulesforfixingandgranting
exportrefundsonoliveoilarecontainedinRegula­
tionsNo171/67/EECand(EEC)No616/72(6),aslast
amendedbyRegulation (EEC)No2962/77(7);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:—theneedtoavoiddisturbancesontheCommunity
market;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—theoliveoilpricesinthemainproducingareasof
theCommunity ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—themarketingcostsandthemostfavourabletrans­
portchargesfromCommunitymarketsinthe
mainproducingareastoportsorotherpointsof
exportintheCommunity ,aswellascostsincurred
inplacingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinoliveoiland
inparticulartooliveoilpriceswithintheCommunity
andonthemarketsofthirdcountriesandGreecethat
therefundshouldbeassetoutintheAnnexhereto;(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL185,7.7.1978,p.1.
(3)OJNoL331,28.11.1978,p.1.
(4)OJNo130,28.6.1967,p.2600/67.
(5)OJNoL264,23.11.1972,p.1.
(b)OJNoL78,31.3.1972,p.1.
(7)OJNoL348,30.12.1977,p.53.

1.3.79 OfficialJournaloftheEuropeanCommunities NoL50/23
HASADOPTED THISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1
(2)(c)ofRegulationNo136/66/EEC,exportedto
thirdcountriesandGreece,shallbeassetoutinthe
Annexhereto.Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,Article2
ThisRegulationshallenterintoforceon1March
1979.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1979.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof28February1979fixingtheexportrefundsonoliveoil
(ii.J.,IOCk<>)
CCTheadingNo Description Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A
IOliveoil:
Untreated :(a)Virginoliveoil
and
II Other:
(a)Obtainedbyprocessingoilsfallingwithinsubheading15.07AIa)or15.07AIb),
whetherornotblendedwithvirginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless,fordestinationsmentionedin
Article3ofCommissionRegulation (EEC)No192/75('),aswellasonexporttothirdlcountries 24-00
(')OJNoI.25,17.II'm,p.1,