ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)586
Vol.1981/0178

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(81)586 final
Brussels .20October 1981
COMMISSION REPORT TOTHE COUNCIL
ontheoperation in1980 oftheexport earnings stabilization
system setupbythedecision ontheassociation of
ofthe OCT with the EEC
/$>y' V"-:.
|criM
V; rl-"_\V ■^Ϊ ■
Ύ
-V
C0M(81 )586 final

1--
1.UnderArticle27oftheInternalAgreementonthefinancingandadministra­
tionofCommunityaid/theCommissionisrequiredtodrawupeachyearfor
theMemberStatesacomprehensive reportontheoperationoftheexport
earningsstabiItzationsystemandtheusemadebytheOCTofthefunds
transferred,indicatinginparticulartheeffectofthesystemontheeco­
nomicdevelopment oftherecipientcountriesandonthetrendofexternal
trade.
2.Thisreportrelatestotheapplication/inrespectof1980/oftheexport
earningsstabilization systemsetupbytheCouncilDecisionof16December
1980ontheassociation oftheoverseascountriesandterritories withthe\
EuropeanEconomicCommunity.
Thereportwilldescribe:: v
(i)generaldevelopments sincethepreviousreport;■
(ii)theresultsofthefirstyearofapplication ofthe.system;
(iii)theeffectofthetransfersontheeconomi^developmentofthereci­
pientcountriesandonthetrendofexternaltrade.
GENERALDEVELOPMENTS
-* . ,
3.1980wasthefirstyearofapplicationofthenewsystem/allthechange^introducedbytheDecisionof.16December1980havingenteredintoforce.
Thesechangeshavebeensetoutinconsiderable detailinearlierACPre-r
ports;itisnotconsiderednecessarythereforetodescribethemagainirjj
•thisreport. -
Withregard-to'theoverseascountriesandterritories,the1979Internal
Agreement 1retainstheprovisionsoftheprecedingAgMementinrespectof
theACPStateswhichwereformerlyOCTandbecameindependent subsequent
tothesigningoftheLom§Convention.
-i ,
UnderArticle1(5)ofthatAgreement/thesecountrieswillcontinuetobe
eligibleforthefundsprovidedforinArticle1.(3)(c)forstabilization
oftheOCT'sexportearnings. ',
Theseprovisionscurrentlyapplytotwocountries :SaintVincentandthe
Grenadines andVanuatu.However,anumberofACPstateswhichwereformer­
lyeligibleforthefundsinquestionduringtheperiodofapplication of
the1976Decisionare.nowsignatoriestotheSecondLomeConventionand
arethereforenolongercoveredbytheDecisionof16December .1980.
4.Themechanismofcooperation withtheoverseascountriesandterritories ,
asdescribedintheannualreportsfor1975to1979hascontinuedtofunc­
tionsatisfactorily .
5.UnderArticle38(3)oftheDecision/information concerningthe-usemade
oftheresourcestransferred in1980WillbesenttotheCouncilatalater
date.
FIRSTYEAROFAPPLICATION OFTHESYSTEMSETUPBYTHEDECISIONOF16DECEMBER1980
6.TheCommissionhasreceived/for1980,fourrequestsfortransfersfrom-the
OCTallocation.ThreeoftheserequestsweresubmittedbyACPStates:,
SaintVincentandtheGrenadinesforbananasandVanuatuforcopraproducts
andcocoabeans. ' -

-2-
Thefourthrequestwassubmittel byFrenchPolynesiainrespectofexport
earningsfromcoconutoil.
7.Thisrequesthadtoberejectedbecauseofthesurplusinexportsofthe
pfoductinquestiontoaildestinations .
8.Theotherthreerequestswereadmissible underthetermsofthesecond
LomeConvention .
However,Vanuatu'srequestinrespectofcocoawasonlyacceptedonthe
basisofalossofearningsincurredonexportsofthisproducttoall
destinations . *
9.ByaCommission Decisionof28October1980,anadvanceof700,000ECU,
tobedeductedfromthefinaltransfer,wasgrantedtoSaintVincentand
theGrenadines followingthedestruction ofthebananacropbyhurricane
Allen. •
10.Inall,theresultsofthefirstyearofapplication oftheDecisionare
asfollows:
OCT Product Amountoftransfer
inECU
Ff'enchPolynesia Coconutoil Requestrejected
913,286
3,776,616
410,207
5,100,009
11.ThetwoStatesinquestionreceivednon-repayable transfers.For1980,
allthetransfers weretherefore madeasgrants.
12.Thetransfersconcernedthreeproducts:bananas(185p,copraproducts
<74%)andcocoabeans(8%).
Thesethreetransfersoffsetlossesinearningsresultingfromlocalcir­
cumstances .
13.Withregardtoreplenishment ofresources,theCommission/inaccordance
withArticle23(3)oftheDecisionof29June1976andthepracticalar­
rangements setoutintheexchangeoflettersaccompanying eachtransfer,
obtainedthenecessaryinformation concerning thetransfersreceived,for
theyears1975to1979,bytheOCTwhichhadundertaken tocontributetothe
replenishment ofthoseresources.Thetransfersinquestionarethosemade
duringthisperiodtoBelizeandKiribati,Vanuatuhaving^already reple­
nishedtheentireamountofthetwotransfers whichitreceivedin1975
and1976.
14.Inthecaseofthesetwocountries,thereplenishment conditions werenot
metfor1980.
15.Withregardtotransfers madefor1975,theCouncil,actingunanimously on
aCommission proposalandtakingintoconsideration inparticular thesi-ACP
SaintVincent
VanuatuBananas
Copraproducts
Cocoabeans

-3-
tuation ofandprospects forthebalance ofpayments ,exchange reserves
andindebtedness oftheOCTconcerned ,will have todecide whether the
sums outstanding aretobereplenished wholly orpartially ,.inoneormore
instalments ,orwhether rights to'repayment are tobewaived .
These sums for1975 involve atransfer toBelize ,56%(78,577 ECU)of
which hasnotbeen replenished ,and atransfer toKiribati of1,200,321 ECU,
ofwhich only 528,240 ECU has been repaid under the replenishment terms .
TheCommission ,inaccordance with Article 23(4 )oftheDecision ,will
present aproposal tothe Council accordingly .
16.Thesituation concerning theStabex funds allocated tothe OCT forthe
year ofapplication 1980 isasfollows :
Annual instalment 1,800,000 ECU
,1980 replenishment -
Carry-over ofhalf thebalance at-theexpiry ofthe
Council Decision of29June 1976 onthe association
ofthe OCT with the EEC (Council Decision 80/679 of
15-16 December 1980 ) •. ; 4,587,997 ECU
Total available 6,387,997 ECU
Total transfers < -5,100,109 ECU
Balance 1,287,888 ECU
II.EFFECT OFTHETRANSFERS ONTHEECONOMIC DEVELOPMENT OFTHECOUNTRIES CONCERTO
AND USE OFTHE TRANSFERS
17.The impact ofthe 1980 transfers onthe economies ofthe recipient coun­
tries may -beassessed initially onthebasis ofthefollowing twocriteria :
i)thesize ofthetransfer inrelation tototal expprt earnings (all
products ,alldestinations ,for1979 ,expressed ipECU): *
Saint Vincent and the Grenadines 8.86 %
Vanuatu 13.84 %
ii)thesize ofthetransfer inrespect ofagiven product compared with
total earnings from exports toalldestinations oftheproduct con­
cerned for 1980 :
Saint Vincent and the Grenadines /bananas 20.49 %
Vanuatu /cocoa beans . - 41.62 %
Vanuatu /copra
18.These statistics confirm the volume ofthesubstitution flows ,for the sec
tors inquestion ,pr6vided bythesystem .Togain afuller idea ofthe
effects ofthetransfers ,itwill benecessary toawait theutilization
reports which thecountries concerned are due tosend totheCommission
in1982 . -
19.Itwill beremembered that ,under Article 41(2 )ofthesecond Lome Con­
vention ,prior indications concerning thetransfers have been pro­
vided andappear inthecomprehensive report ,which canbereferred to,
ontheapplication ofthesystem totheACPStates .20.49 %
41.62 %
53.90 %.

-4-
20.Withregardtothetransfers madeduringtheperiodofapplication ofthe
1976Decision,theCommissionisassembling theutilization reportscor­
respondingtethelustyearOfapplication 1979aswellasdelayedreports
concerning theprecedingyears.Thesereportswillbeforwardedtothe
CouncilatthesametimeastheotherACPreportssince,withtheexcep­
tionoftheBelizereport,theyallconcerncountries whichhavebecome
ACPStates.

ANNEX 1
Breakdown ofthe 1980 transfers bycurrency requested
ACP State covered
byOCTallocationProductAmount of
-payment
inECUFrench
francsPounds
sterling
Saint Vincent -
Vanuatu
Vanuatü ■Bananas
Copra pro -,
ducts
Cocoa beans913,286 .
3,776,616
410,207X
XX
82% 18%
100 %ofthe transfers non-repayable
100 %ofthetransfers inrespect ofproducts affected bylocal circum
stances . '

STABILIZATION OFEXPORT EARNINGS ANNEXE 2
STABILISATION DES RECETTES D'EXPORTATION :
INFORMATION OFTHE COMMISSION CONCERNING THE USE OFTHE RESOURCES TRANSFERRED
INFORMATION DELACOMMISSION SUR L'UTILISATION DES RESSOURCES TRANSFEREES
* (Article 20oftheLome Convention )
(Article 20delaConvention deLomé )
1.Under Article ..Λ...oftheTransfer
Agreement n° ?¿i§tied onΛ7Η 1·
July ,1977
......... thepresent report hastobe1.Aux termes del'article ....... ¿Lela
Convention detransfert n°...........
signée le............ leprésent rapport
sent ,laythe atthelatest , estàenvoyer pour le············ au
tothe following address : plus tard ,àl'adresse suivante :
The Director General
Directorate-General forDevelopment
200 ,rue delaLoi -
B-1049 Bruxelles
Belgium. ■ - /Monsieur leDirecteur Général
Direction Générale duDéveloppement
200 ,ruedelaLoi
B-1049 Bruxelles
Belgique .
2.Reminder ofthedata relating tothe 2.Rappel des données relatives autrans-r
transfer fert
21.Country ïBelize 21.Pays :
22.Authority entitled toinform the-
Commission ï22.Autorité habilitée àinformer la
Commission :
TheTerritorial Authorising Officer
(&Beputies )
Central Planning Unit ,
Belmopan ,Çelize ,
Central America .–r-
\ ,
23.Year ï1977 #23.Année :
24.Date ofreceipt ofthetransfer : 24.Date deréception dutransfert :
..;U£ClSt 197.Ö .' . r
25·Amount ofthe transfer : 25»Montant dutransfert :
-inEUA :202,714-enUCE :
-inBelgian francs : –enfrancs belges :
-inDanish crowns : " encouronnes danoises :
–inGerman marks : -endeutsche marks :
-inFrench francs : –enfrancs français :
-inItalian liras : -enlires italiennes :
-inDutch guilders :-enflorins :
,-inPounds sterling :100^ .> -enlivres sterling :

3.UI'ILIZATIO.:i 0?P0REIG2TCURS^/Ci^o
3.UTILISATION DISDEVISES
Date
DateAmount
MontantSpendingauthority
AutoritédépensièreUtilisationofgoodsorservicesacquired
Utilisation dubienouserviceacquis
,ûeliveryawaitiedBzC21,551.4-0
June1979
December1978
December1978BzS5l636#38
Bz$25,000
Bzfi200000TheMinistryofJTndeandIndustry,
■departmentofForestry,-"oL-io^an,
Belize,C/A.
ditto
ditto
TheananaControlBoard,Bi?Creek,
Independence ,Belize,C.A,Tosupportprogrametodeveloprevenue
generatingactivitiesftithinthe-Jepartnent
ofForestry,
TocoverdeficitofB/C.B.durin/j1978&19,9.
TOTALBzS298.187.78
Balancenotyetutilized:Bz$1812.22
Expectedutilizationofthebalance(l):
TofinancethepurchaseofsmallworkshoptoolsfortheenartmentofForestry'sworkshopinBelraopan,
(l)Theutilizationofthebalancewillformthesubject
ofacomplementary report.Reliquatnonencoreutiliseî
Utiliôationenvisagéedureliquat(l)î
(l)L'utilisationdureliquatferal'objetd'unrapportcomplé­
mentaire »-

4.DESTINATION OFPURCHASES MADEWITHFOREIGNCURRENCIES
'4.DESTINATION DESACHATSSURDEVISES .
Date
"DateUserauthority
,-AutoritéutilisatriceGoodsorservice
BienouserviceSubject(l)
Objet(l)-
^eliveryawail
June19J9
V
Dec.1979
Dec.1978'\' ■y
edMinistryofTrad-·&Industry
(departmentofForestry)
Belmopan,Belize,C.A.
TheBananaControlBoard,'
BigCreelc,Independence ,
Belize,C.A.Sawsharpeningequipment
Re-sawmachine
(StennerVHL4B)
Flatbed ·truck
(international )
Nospecificpurchases.
Transferusedtoofí-sèt
Board'sdefiæåtduring '
1978and1979.Toassistinthedevelopment of
revenuegeneratingprojectsat
theforestryiJepi\itn\ent 13workshop
In^elmonan.-roiectcurvensly
beingimplemented ;theworkshop
producesfurniturewhichissold
onthelocalparket."títoanaionis
·.envisagedinfutureandfurniture
maybeexportedtoregionalmarkets.
TheHoardisexpectedtoachieve
viabilitywithin .thenextthre'ì
yearswhenplans..fortheexpansionof
theareaundercultivation are
implemented .
'
-i
. ι
!
, !
■¡
(l)Incaseofprojects:incaseofnationalprojectsorprojectsfinancedbyaiddonors,pleasejoinasummarynoteindicating
allusefuldatarelatingtotheprojectand,inparticular ,itsstateofprogress.
S'ils'agitdeprojets:s'ils'agitdeprojetsnationauxoufinancéspardesdonneursd'aide,prieredejoindreenannexeun
résumédetouteslesdonnéesutilesrelativesauprojet,etnotammentsonétatd'avancement <»

5.IFTHEGOODSPURCHASED ARESOLD:
5.SILESBIENSAGHETESSOOTVEEDUS:
ASoIGratEir?OFC0UI7TERPART FUNDS(Fundsoriginatinginthe-saleof.goodswhichhave"beenacquiredbymeansofthe'transfers)
AFFECTATION DESFOOTSDECONTREPARTIE (FondsprovenantdelaventedesMensacquisaumoyendestransferts)
1Dat0 !Amount
Date jMontant
■
,
iAuthorityresponsible
fprthedecision
Autoritéresponsable
deladécisionUserauthority
AutoritéutilisatriceSubject(l)
Objet(1)
■
"
i
1
I
i
i''
i'-,
1,\ .
HOTAPPLICABLE :HOGOODSHAV
Jι
/ΈBEENçtíAREGOHT0·TOBESOLD/
'TOTAL'
Reliquatnonencoreutilise:
Utilisationenvisagéedureliquat(l):Balancenotyetutilized :
Expectedutilizationofthebalance(l):
Thoutilisation ofthebn.j.n.nccwillformfch»subject
ofacomplementary report.(l)L'utilisationdureliquatferal'objetd'unrapportcomplé­
mentaire.

6.LATA.CONCERltNGTHEANTICIPATED EFFECTS
6.IMDICATIOE SURLESJFIETSESCOMPTES
6lmOnthesectorwhichgaverisetothetransfer:
Surlesecteurquiaprovoquétransfert:
Productionintheforestrysectorgenerallyimprovedduring1979*Newareas <
havebeenopened,upinthefuuthofBelizeand.thisisexpectedtoatleast
enableexportstoremainattheirpresentlevelsandforoverafl^productiontoremainataround15,000netrictons. -\
Thetransfertothe-anapacontrolBoardhasprovidedvaluableassistancein
bridginga"periodduringwhichthpBoard,ismakinglosses.Thecurrenttransfer
helped-takepressureoffthecentraltreasuryduring19781979»
Whenexistingplansforimplementation are.Implemented th^eBCBisexpectedto
becomefinanciallyvialke. '
62.Ontheothersectorsofthenationaleconomy:
Surlesautressecteursdel'économienationale:
ThefyndsallocatedtotheForestryDepartment'sworkshopwillhelpcreati
employmentintheareaof-"elm..pan.'Inadditiont:iewillbeasinall
contribution totheefforttosaveforeignexchir^eas.tn-'tpiocaction in
tnev.orkshop .replacesimports.Theactivitiesofin-,workshopwillalso
.beavaluableaidto.establishing adomesticfurniturein-justryandwill
alsoserveasanimportantdemonstration centre.
.ThetransfertotheBCBhasbeenvaluablein.coveringtaeBoard'sdeficits
during19781979«Thetransferhashelpedrelievepressureonthe
centraltreasuryatatimeofacutesnortageoffunds.
63.Onforeign"exchanges:
Surleséchangesextérieurs :
AlthoughthetransfertotheForestry -isforrevenue .generatingprojectsthe
onforeignexchangebalancesoftheprojectisliice3ytobein.--ifn.ilic.niit
fortheforeseeable future.
V/nenexistingexpansionplansareimplementedintbt-"ananaindustrythev&]iJe ■
ofexportsislikelytoincreasesubstantially .Tne-fulleffectofViisis
livelytobefeltinabout3years. \
Belmopan 2b/ebruarv in60ΐ)οηεοΧ········«·············· οη··················
Fkita«••••• c^*-~l£••••••••••••••••»•• 19
SignatureoftZ^^Èuthority env2.ihed,toinform/i'fjffieCommissionde'ftiAutorité-,liabiΙΜΓΛ -.7
lr<ede'ïlÀutorité -liaTailjt^ftainformer/}/•+'*&■Cofiisiissi-oTn "I^JJ
( ·2··'ί·Β^80
^ P.-...'-.
ΟΧ