ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(79)416
Vol.1979/0149

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(79)416final
Brussels.17thJuly1979
DRAFTDECISION OFTHEACP-EECCOUNCILOFMINISTERS
ONTHEADVANCEUSEOFAPORTION OFTHE1979INSTALMENT OF
.O.'-"A
THERESOURCES ALLOCATED TOTHESYSTEMFORTHESTABILIZATION
OFEXPORTEARNINGS SETUPUNDERTHELOMECONVENTION
:ν/
(presentedbytheCommission totheCouncil)
COM(79)416final

OFDRAFT.DECISION
THEACP-EECCOUNCILOFMINISTERS
ontheadvanceuseofaportionofthe1979instalmentoftheresources
allocatedtothesystemforthestabilization ofexportearningssetup
undertheLom6Convention.
THEACP-EECCOUNCILOFMINISTERS-
HavingregardtoArticte18(2)oftheLomSConvention,
Whereas,inviewoftheamountoftheresourcesavailablefortransfers
underthesystemforthestabilization ofexportearnings,itwillnot
bepossibletoremainwithinthelimitoftheannualinstalmentfor1978;
whereastheCouncilofMinistersshouldthereforeauthorizetheadvance
useofaportionofthe1979instalment;,■■
Whereassuchadvanceusemaynotexceed15millionEUA,whichrepresents
20%oftheinstalmentfor1979.
HASDECIDEDASFOLLOWSi
Article 1
Forthepurposeofeffectingtransfersunderthesystemforthesta­
bilizationofexportearningsinrespectofthe1978financialyear,the
advanceuseofthefundsnecessarytothatend,uptothelimitof,
15millionEUA,representing 20%ofthe1979instalment,.isherebyautho­
rized.1 V
Article2..
TheCommissionisherebyauthorizedtotaketransferdecisionsin,
respectofthe1978financia.yearuptotheamountstipulatedinArticle1
DoneatBrussels,on
FortheACP-EECiCouncilofMinisters

\
EXPLANATORY MEMORANDUM
1.TheCommission responsible foradministering thesystemforthestabili­
zationofexportearningscalculatesthattransferstobemadein1979
tocompensateforlossesrecordedbycertainACPStatesin1978will
exceedtheavailable funds.
Therefore,inaccordancewithArticle18(2)oftheLom6Convention,itisnecessarytoasktheACP-EECCouncilofMinisters,theonlybody
competenttodealwiththismatter,toauthorizetheadvanceuseofa
maximumof20%ofthe1979instalmentoftheexportearningsstabili­
zationsystem.
2.Todate,outofatotal153.6millionEUA(the76.millionEUAofthe
1978instalmentplus77millionEUAleftoverfrompreviousyears),
118.5millionEUAhasbeentransferred .Tomeettheapplications lodged
byanumberofcountries,itislikelythatafurther50millionEUA
willhavetobetransferred .
Inordertoensurethatthesystemisproperlyadministered ,itwould
appearessential,inthelightoftheseforecasts,toseekauthorization
tousethe1979instalment inadvance,uptothe20Xmaximumlaiddown
inArticle18(2)amountingto15millionEUA.
3.Consequently ,theCommissiontransmitstotheCounciladecisionproposal
oftheACP-EECCouncilofMinistersinannextothepresentdocument.