1.7.75 OfficialJournaloftheEuropeanCommunities NoL168/29
REGULATION (EEC)NoI66O/75OFTHECOMMISSION
of30June1975
fixingtheexportrefundonoliveoil
theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
theaimsofthecommonorganizationofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;
theneedtoavoiddisturbancesontheCommunity
market;and
theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—oliveoilpricesinthemainproducingareasofthe
Community ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;andTHECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo136/
66/EEC(1)of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation(EEC)No
1707/73(2);
HavingregardtoCouncilRegulationNo162/
66/EEC(3)of27October1966ontradeinoilsand
fatsbetweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo171/
67/EEC(4)of27June1967onexportrefundsand
leviesonoliveoil,aslastamendedbyRegulation
(EEC)No2429/72(5),andinparticularthefirst
sentenceofArticle7thereof;'
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle18ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle18ofRegulationNo136/
66/EECand^hemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;
Whereastherulesandotherprovisionsforfixingand
grantingexportrefundsonoliveoilarecontainedin
RegulationNo171/67/EECand(EEC)No616/72(6);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:marketingcostsandthemostfavourabletransport
chargesfromCommunitymarketsinthemain
producingareastoportsorotherpointsofexport
intheCommunity ,aswellascostsincurredin
placingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirementsofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthe^
marketinoliveoilandin.particulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothis.Regula­
tion;(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(J)OJNo197,29.10.1966,p.3393/66.
(4)OJNo130,28.6.1967,p.2600/67.
(5)OJNoL264,23.11.1972,p.1.
(*)OJNoL78,31.3.1972,p.1.

NoL168/30 OfficialJournaloftheEuropeanCommunities1.7.75
HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(2)(c)
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
I
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheCommittee
forOilsandFats,Article2
ThisRegulation 'shallenterintoforceon1July1975.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundinu.a./100kgapplicabletooliveoilfrom1July1975
CCTheadingNo Descriptionofgoods Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
AOliveoil:
IHavingundergonearefiningprocess:
a)Obtainedbyrefiningvirginoliveoil,whetherornotblendedwithvirgin
oliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthirdcountries
ontheMediterranean 3-000
—onexportstootherthirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean 5-000
IIOther:
a)Virginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
-—onexportstothirdcountriesexcludingGreece,Europeanthirdcountriesand
thirdcountriesontheMediterranean 5-000