1.8.79 OfficialJournaloftheEuropeanCommunities NoL193/25
COMMISSION REGULATION (EEC)No1666/79
of31July1979
fixingtheexportrefundsonoliveoil
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theComfnunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganization ofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats('),aslastamendedbyRegulation (EEC)No
590/79(2),
HavingregardtoCouncilRegulation (EEC)No
2749/78of23November1978ontradeinoilsand
fatsbetweentheCommunityandGreece(3),
HavingregardtoCouncilRegulationNo171/67/EEC
of27June1967onexportrefundsandleviesonolive
oil(4),aslastamendedbyRegulation (EEC)No
2429/72(5),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle9ofRegulation(EEC)No2749/78
providesthatArticle20ofRegulationNo136/
66/EECandthemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;
Whereasthedetailedrulesforfixingandgranting
exportrefundsonoliveoilarecontainedinRegula­
tionsNo171/67/EECand(EEC)No616/72(6),aslast
amendedbyRegulation(EEC)No2962/77(7);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:—theneedtoavoiddisturbancesontheCommunity
market;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—theoliveoilpricesinthemainproducingareasof
theCommunity ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—themarketingcostsandthemostfavourabletrans­
portchargesfromCommunitymarketsinthe
mainproducingareastoportsorotherpointsof
exportintheCommunity ,aswellascostsincurred
inplacingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinoliveoiland
inparticulartooliveoilpriceswithintheCommunity
andonthemarketsofthirdcountriesandGreecethat
therefundshouldbeassetoutintheAnnexhereto;(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL78,30.3.1979,p.1.h)OJNoL331,28.11.1978,p.1.
(4)OJNo130,28.6.1967,p.2600/67.
(5)OJNoL264,23.11.1972,p.1.
(<>)OJNoL78,31.3.1972,p.1.
(7)OJNoL348,30.12.1977,p.53.

NoL193/26 OfficialJournaloftheEuropeanCommunities1.8.79
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2.25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
WhereasCouncilRegulation (EEC)No652/79of29
March1979(J)laiddownthecoefficientfor
expressingamounts,fixedinunitsofaccount,in
ECU;WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1
(2)(c)ofRegulationNo136/66/EEC,exportedto
thirdcountriesandGreece,shallbeassetoutinthe
Annexhereto.
Article2
ThisRegulationshallenterintoforceon1August
1979.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31July1979.
FortheCommission
FinnGUNDELACH
Vice-President
(!)OJNoL84,4.4.1979,p.1.
ANNEX
totheCommissionRegulationof31July1979fixingtheexportrefundsonoliveoil
(ECU/ICO
CCTheadingNo Description Refund
15.07
A
I
(a)
II
(a)Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
Oliveoil:
Untreated :
Virginoliveoil
and
Other:
Obtainedbyprocessingoilsfallingwithinsubheading15.07AIa)or15.07AIb),
whetherornotblendedwithvirginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless,fordestinationsmentionedin
Article3ofCommissionRegulation (EEC)No192/75('),aswellasonexporttothird
countries 4.00
(')OJNoL25,17.1.1975,p.I