8.3.79 OfficialJournaloftheEuropeanCommunities NoL57/9
COMMISSION REGULATION (EEC)No448/79
of7March1979
fixingtheexportrefundsonwhitesugarandrawsugar,exportedinthenatural
state
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion;
Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalinstruments ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastherefundmustbefixedeverytwoweeks;
whereasitmaybealteredintheinterveningperiod;
Whereasitfollowsfromapplyingtherulessetout
abovetothepresentsituationonthemarketinsugar
andinparticulartoquotationsorpricesforsugar
withintheCommunityandontheworldmarketthat
therefundshouldbeassetoutintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(!),aslastamendedby
Regulation(EEC)No1396/78(2),andinparticularthe
firstsentenceofthelastsubparagraphofArticle19(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle19ofRegulation (EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(l)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation (EEC)No766/68of18
June1968layingdowngeneralrulesforgranting
exportrefundsonsugar(3),aslastamendedbyRegula­
tion(EEC)No1489/76(4),providesthatwhenrefunds
onwhiteandrawsugar,undenaturedandexportedin
thenaturalstate,arebeingfixedaccountmustbe
takenofthesituationontheCommunityandworld
marketsinsugarandinparticularofthepriceand
costfactorssetoutinArticle3ofthatRegulation ;
whereasthesameArticleprovidesthattheeconomic
aspectoftheproposedexportsshouldalsobetaken
intoaccount;
Whereastherefundonrawsugarmustbefixedin
respectofthestandardquality;whereasthelatteris
definedinArticle1ofCouncilRegulation(EEC)No
431/68of9April1968determiningthestandard
qualityforrawsugarandfixingtheCommunityfron­
tiercrossingpointforcalculatingcifpricesfor
sugar(5);whereas,furthermore ,thisrefundshouldbe
fixedinaccordancewithArticle5(2)ofRegulation
(EEC)No766/68;whereascandysugarisdefinedin
CommissionRegulation (EEC)No394/70of2March
1970ondetailedrulesforgrantingexportrefundson
sugar(6),asamendedbyRegulation (EEC)No
1467/77(7);HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1
(1)(a)ofRegulation(EEC)No3330/74,undenatured
andexportedinthenaturalstate,shallbeassetoutin
theAnnexhereto.
1)OJNoL359,31.12.1974,p.1
2)OJNoL170,27.6.1978,p.1.
3)OJNoL143,25.6.1968,p.6.
")OJNoL167,26.6.1976,p.13.
5)OJNoL89,10.4.1968,p.3.
<•)OJNoL50,4.3.1970,p.1.
AOJNoL162,1.7.1977,p.6.Article2
ThisRegulationshallenterintoforceon8March
1979.

NoL57/10 OfficialJournaloftheEuropeanCommunities 8.3.79
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7March1979.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof7March1979fixingtheexportrefundsonwhitesugar
andrawsugar,exportedinthenaturalstate
(tut./100kg)
CCT
heading
NoDescription Refund
17.01 Beetsugarandcanesugar,solid:
A.Whitesugar;flavouredorcolouredsugar 2000
B.Rawsugar:I
(a)Candysugar 20-67(i)
(b)Otherrawsugar 17-00(!)
(l)Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,therefundapplicableiscalculatedinaccordancewith
theprovisionsofArticle5(})ofRegulation (EEC)No766/68.