EN OfficialJournaloftheEuropean Com munities 15.1.98 L9/37
COMMISSION REG ULATION (EC)No102/98
of14January1998
determiningtheworldmarketpriceforunginnedcottonandtheratefortheaid
THE COM MISS ION OFTHE EUR OPEAN COM MUN ITIES,
HavingregardtotheTreatyestablish ingtheEuropean
Com munity,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol 4oncotton,as
lastamendedbyCouncilRegulation(EC)No1553/95 (1),
HavingregardtoCouncilRegulation(EC)No1554/95 of
29June1995(2)layin gdowngeneralrulesforthesystem
ofaidforcottonand repealingRegulation(EEC )No
2169/81,asamendedbyRegulation(EC)No1584/96 (3),
and inparticularArticles 3,4and 5thereof,
WhereasArticle3ofRegulation (EC)No 1554/95
requiresaworldmarketpriceforunginnedcottontobe
periodically determin edfrom theworldmarketprice
determin edforginnedcotton,usingthehistoricalrela-
tionship betweenthetwopricesasspecified inArticle1
(2)ofCom mission Regulation(EEC )No1201/89 of3
May 1989layin gdownrulesforimplementingthesystem
ofaidforcotton(4),aslastamendedbyRegulation(EC)
No1740/97 (5);whereasifitcannotbedetermin edinthis
way itistobebasedonthelastpricedetermin ed;
WhereasArticle4ofRegulation (EC)No 1554/95
requirestheworldmarketpriceforginnedcottontobe
determin edforaproductofspecificcharacteristicsusing
themostfavourableoffersandquotationsontheworld
marketofthoseconsideredrepresentativeofthereal
markettrend;whereas tothis end anaverageistobe
calculatedofoffersandquotationsononeormoreEuro-
pean exchangesforacifproducttoaNorthEuropean
port from thesuppliercoun tries consideredmostrepres-
entativeasregardsinternationaltrade;whereastheserules
fordetermin ationoftheworldmarketpriceforginned
cottonprovideforadjustments toreflectdifferencesin
productqualityandthenatureofoffersandquotations;whereas theseadjustments arespecified inArticle2of
Regulation(EEC )No1201/89;
Whereasapplicationoftheaboverulesgivestheworld
marketpriceforunginnedcottonindicatedhereunder;
WhereasArticle5(3)ofRegulation(EC)No1554/95
stipulatesthattheadvancepaym entratefortheaidisto
betheguidepricelesstheworldmarketpriceandlessa
furth eramount calculatedbythe formulaapplicable
whentheguaranteedmaximumquantity isoverunbut
with a15%increase intheestim ateforunginnedcotton
production;whereas Com mission Regulation(EC)No
1670/97 (6)determin edestim ated productionforthe
1997/98 marketingyear;whereas applicationofthese
rulesgivestheadvancepaym entratesforeach Mem ber
Stateindicatedhereunder,
HAS ADO PTEDTHISREG ULA TION:
Article1
1. Theworldmarketpriceforunginnedcottonasindi-
catedinArticle3ofRegulation(EC)No1554/95 issetat
ECU 35,315per100 kilogram s.
2. Advance paym entoftheaidasindicatedinArticle5
(3)ofRegulation(EC)No1554/95 shallbeattherateof:
ECU 32,079per100 kilogram sinSpain,
ECU 38,138per100 kilogram sinGreece,
ECU 70,985per100 kilogram sinotherMem ber
States.
Article2
This Regulationshallenterinto forceon15January
1998.(1)OJL148, 30.6.1995 ,p.45.
(2)OJL148, 30.6.1995 ,p.48.
(3)OJL206, 16.8.1996 ,p.16.
(4)OJL123, 4.5.1989 ,p.23.
(5)OJL244, 6.9.1997 ,p.1. (6)OJL237, 28.8.1997 ,p.1.
EN OfficialJournaloftheEuropean Com munities 15.1.98 L9/38
This Regulationshallbebindinginitsentirety anddirectlyapplicableinallMem ber
States.
DoneatBrussels,14January1998.
FortheCommission
FranzFISC HLER
Mem beroftheCommission