NoL46/28 OfficialJournaloftheEuropeanCommunities 19.2.88
COMMISSION REGULATION (EEC)No460/88
of18February1988
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,Whereasitfollowsfromapplyingthesedetailedrulesto•
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HavingregardtotheActofAccessionofSpainand
Portugal,
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation:HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No3989/87(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,
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
equilibriumandthenaturaldevelopment ofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports,and
theneedtoavoiddisturbancesontheCommunity
market;Whereas,followingtheintroductionofthecombined
nomenclature'byCouncilRegulation (EEC)No
2658/87(8),thenomenclature applicablefrom1January
1988toexportrefundsonagriculturalproductswas
establishedbyRegulation (EEC)No3846/87(9);
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(5),definestheWhereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;
(')OJNoL281,1.11.1975,p.1.0OJNoL377,31.12.1987,p.1.
(3)OJNoL281,1.11.1975,p.78.i6)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.
(8)OJNoL256,7.9.1987,p.1.0OJNoL366,24.12.1987,p.1.(4)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.

19.2.88 OfficialJournaloftheEuropeanCommunities NoL46/29
WhereastheManagementCommitteeforCerealshasnot
deliveredanopinionwithinthetimelimitsetbyits
Chairman,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon19February
1988.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,18February1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
todieCommissionRegulationof18February1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000 117,00
11071099000 170,00
11072000000 200,00