NoL108/80 OfficialJournaloftheEuropeanCommunities29.4.88
COMMISSION REGULATION (EEC)No1157/88
of28April1988
fixingtheexportrefundsonmalt
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October.1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No1097/88(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(%aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindentandtheaforesaidcoefficient;WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsandcereal
productsontheworldmarketontheother;whereasthe
sameArticleprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopmentofpricesand
tradeoncerealmarketsand,furthermore,totakeinto
accounttheeconomicaspectoftheproposedexports,and
theneedtoavoiddisturbancesontheCommunity
market:Whereas,followingtheintroductionofthe'combined
nomenclature'byCouncilRegulation (EEC)No
2658/87(8),thenomenclatureapplicablefrom1January
1988toexportrefundsonagriculturalproductswas
establishedbyRegulation(EEC)No3846/87(');
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(%definestheWhereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;
(')OJNoL281,1.11.1975,p.1.4OJNoL110,29.4.1988.
(3)OJNoL281,1.11.1975,p.78.
faOJNoL281,1.11.1975,p.65.
(*)OJNoL182,3.7.1987,p.49.(«)OJNoL164,24.6.1985,p.1.
OOJNoL153,13.6.1987,p.1.
(»)OJNpL256,7.9.1987,p.1.0OJNoL366,24.12.1987,p.1.

29.4.88OfficialJournaloftheEuropeanCommunities NoL108/81
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon1May1988.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28April1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof28April1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 117,00
11071099000 170,00
11072000000 200,00