NoL146/16 OfficialJournaloftheEuropeanCommunities 31.5.86
COMMISSION REGULATION (EEC)No1678/86
of30May1986
fixingtheexportrefundsonoliveoil
naturaldevelopment ofpricesandtradeonthis
market,
—theneedtoavoiddisturbancesontheCommunity
market,and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore,Article4ofRegulationNo171/
67/EECprovidesthatthesaidrefundmustbefixedin
accordancewiththefollowingcriteria:
—theoliveoilpricesinthemainproducingareasofthe
Community ,
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountries,and
—themarketingcostsandthemostfavourabletransport
chargesfromCommunitymarketsinthemainprodu­
cingareastoportsorotherpointsofexportinthe
Community,aswellascostsincurredinplacingthe
goodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EECprovides
thattherefundonoliveoilmaybevariedaccordingto
destinationwheretheworldmarketsituationorthe
specificrequirementsofcertainmarketsmakethisneces­
sary;
WhereasArticle7ofRegulationNo171/67/EECprovides
thattherefundmustbefixedatleastonceeverymonth;
whereasitmay,ifnecessary,bealteredintheintervening
period;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinoliveoilandin
particulartooliveoilpriceswithintheCommunityand
onthemarketsofthirdcountriesthattherefundshould
beassetoutintheAnnexhereto:THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulationNo136/66/EECof
22September1966ontheestablishment ofacommon
organizationofthemarketinoilsandfats('),aslast
amendedbyRegulation(EEC)No3768/85(2),
HavingregardtoCouncilRegulationNo171/67/EECof
27June1967onexportrefundsandleviesonoliveoil(3),
aslastamendedbyRegulation(EEC)No2429/72(4),and
inparticularthefirstsentenceofArticle7thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifferencebetween
thesepricesmaybecoveredbyarefundwhenoliveoilis
exportedtothirdcountries;
Whereasthedetailedrulesforfixingandgrantingexport
refundsonoliveoilarecontainedinRegulationsNo
171/67/EECand(EEC)No616/72Q,aslastamendedby
Regulation(EEC)No2962/77(*);
WhereasArticle2ofRegulationNo171/67/EECprovides
thattherefundmustbethesameforthewholeCommu­
nity;
WhereasArticle3ofRegulationNo171/67/EECprovides
thatwhentherefundonoliveoilisbeingfixedaccount
mustbetakenof:
—theexistingsituationandthefuturetrendwithregard
topricesandavailabilitiesofoliveoilontheCommu­
nitymarketandpricesforoliveoilontheworld
market,
—theaimsofthecommonorganizationofthemarket
inoliveoilwhicharetoensureequilibriumandtheWhereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofRegulation(EEC)
No1676/850,(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL362,31.12.1985,p.8.
(3)OJNo130,28.6.1967,p.2600/67.
(4)OJNoL264,23.11.1972,p.1.
(*)OJNoL78,31.3.1972,p.1.
(*)OINoL348,30.12.1977,p.53. 0OJNoL164,24.6.1985,p.1.

31.5.86 OfficialJournaloftheEuropeanCommunities NoL146/17
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ;whereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforOilsandFats,
HASADOPTED THISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1(2)
(c)ofRegulationNo136/66/EECshallbeassetoutin
theAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1June1986.Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30May1986.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommission Regulationof30May1986fixingtheexportrefundson
oliveoil
(ECU/100kg)
CCTheadingNo Description Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:
I Untreated :
(a)Virginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless,fordestinationsmentionedinArticle
5ofCommissionRegulation(EEC)No2730/79('),aswellasonexporttothirdcountries 54,47
II Other:
(a)Obtainedbyprocessingoilsfallingwithinsubheading 15.07AIa)or15.07AIb),whetheror
notblendedwithvirginoliveoil:IInimmediatepackingsofanetcapacityof5kgorless,fordestinationsmentionedinArticle
5ofCommissionRegulation(EEC)No2730/79('),aswellasonexporttothirdcountries 54,47
(')OJNoL317,12.12.1979,p.1.