OfficialJournaloftheEuropeanCommunitiesNoL168/105
1,7.88
COMMISSION REGULATION (EEC)No1907/88
of30June1988
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(*),definesthe
specificcriteriatobetakenint6accountwhentherefund
ontheseproductsisbeingcalculated;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No1097/88(*),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforcertainproductsaccordingtodestin­
ation;
HavingregardtotheopinionoftheMonetaryCommittee,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),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:Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal; WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
(4)OJNoL281,1.11.1975,p.65.
Is)OJNoL182,3.7.1987,p.49.
(«)OJNoL164,24.6.1985,p.1.nOJNoL153,13.6.1987,p.1.(■)OJNoL281,1.11.1975,p.1.
(2)OJNoL110,29.4.1988.0OJNoL281,1.11.1975,p.78.

NoL168/106 OfficialJournaloftheEuropeanCommunities 1.7.88
WhereastheCouncilhasnottodateadoptedtheprices
forthe1988/89marketingyear,whichcommences
on1July1988;whereasthepricefactorsdetermined
byCommissionRegulation(EEC)No1914/88(')should
accordinglybetakenintoaccountforthecalculationof
therefundsinordertoensurethattheexportarrange­
mentscontinuetooperateinthesectorconcerned ;HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
TherefundonexporttoPortugalhasnotbeenfixed.
Article2
ThisRegulationshallenterintoforceon1July1988.whereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof30June1988fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund
11071019000
11071099000
1107200000070,00
80,00
100,00
NB:TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No
3846/87asamended.
(')Seepage119ofthisOfficialJournal.