ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(78)188
Vol.1978/0061

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COMMISSION OFTHEEUROPEAN COAAA*.UNITIES
COM(78)168 final.
Brussels ,11May1978.
COMMISSION COMMUNICATION TOTHECOUNCIL
REPORT
on"theoperation during1976of"thesystemforstabilizing export
earnings setup"bytheDecision ontheassociation oftheOCTwith
theESC
cc;,\78)183final.

VIII/264/78-EI
SUMMARY
Thisannualcomprehensive reportontheoperation during1976ofthe
systemforstabilizing exportearnings setupbytheDecision onthe
association oftheOCTwiththeEECispresented inaccordance with
theInternal Agreement onthefinancing andadministration ofCommunity
aid.Itdealswithgeneraldevelopments sincethefirstreport,the
resultsofthesecondyearofapplication ofthesystemandtheeconomic
effectofthetransfers .
Themaindevelopments werethedecisions toextendtheguarantee provided
"brythesystemtoincludesevennewproducts andtograntcoverunder
thesystemforexportsfromtheRepublic ofComorostoalldestinations ;
asregardsthecooperation machinery ,thefinishing touches wereadded
atthestatistical levelbuttherewasstillroomforimprovement inthe
provision ofinformation totheCommission ontheutilization ofthe
resources .
Inthesecondyearofapplication ofthesystemthereweresixapplications
involving twoproducts.Twooftheapplications weremadebyOCTwhich
hadbecomeindependent ,namelytheComorosandDjibouti ,whilethe
othersweremadebythefollowing OCT:GilbertIslands,SolomonIslands,
NewHebrides andTuvalu.
Thetransfers amountedto3300355&JAinall,allowance beingmadefor
Belize'scontribution of61133EtJAtothereconstitution ofthesystem's
resources andthebalancecarriedforwardfrom1975*Atotalof
2962470EUAwascarriedforwardto1977*
Inthecaseofthetwocountries whichprovidedinformation tothe
Commission ,theeconomiceffectofthetransfers unquestionably related
toeconomic development andtheexpansion oftrade.

-2- VIIl/264/78-EH
1.Article29oftheInternal Agreement onthefinancing and.administration
ofCommunity aidrequirestheCommission toprepareanannualcomprehensive
reportontheoperation ofthesystemforstabilizing exportearnings
asregardstheACPStatesandtheoverseascountries andterritories .
2.On12.4.78 theCommission presentedtotheCouncilthesecond
comprehensive reportontheoperationduring1976ofthesystemsetup
"bytheLomeConvention forstabilising exportearnings.
3.Thiscomprehensive reportisconcerned withtheapplication during
1976ofthesystemforstabilizing exportearningssetupbytheCouncil
Decision of29June1976ontheassociation oftheoverseascountries
andterritories withtheEuropean Economic Community .Itdealswith:
(i)generaldevelopments sincethefirstreportwasdrawnup;
(ii)theresultsofthesecond ,yearofapplication ofthesystem;
(iii)theeffectofthetransfers ontheeconomicdevelopment ofthe
recipient countries andonthedevelopment ofexternaltrade.
I.GENERAL DEVELOPMENTS
4.Themaindevelopments sincethefirstreportwerethenewdecisions
adoptedbytheCouncil,buttherewerealsodevelopments affecting
thecooperation machinery .
5.On21.12.77 .theCouncildecidedtoaddthefollowing products
tothelistinArticle19(l)oftheDecisionontheassociation ofthe
OCTwiththeEEC,witheffectfromtheyearofapplication 1976:cloves,
gumarabic,wool,mohair,pyrethrum ,vanilla,ylang-ylang .
6.Theextension ofthelistinArticle 19indicates theCommunity's
desiretomaintain asfaraspossible theparallel development ofthe
systemsforstabilizing theexportearnings oftheACPStatesandthe
OCTrespectively ,sinceatitssecondmeeting,heldinFijion
13and14April1977»theACP-EECCouncilofMinisters tookasimilar
decisiontoextendthelistofproducts coveredbythesystemforthe
ACPStates.
7.Asaconsequence ofthatdecision ,atextcontaining interaliaa
revisedlistofproducts coveredtythesystemandsubjecttosurveillance
onimportation intotheCommunity waspublished asCouncilRegulation
(EEC)No2478/77inOfficialJournalNoL287of11November1977*
Fortheyearofapplication 1976noOCTappliedforatransferinrespect
ofthenewproducts coveredtythesystem.
8.AnotherdecisionoftheACP-EECCouncilofMinistersinFijiaffectsthe
administration ofthesysteminrespectoftheOCT,namelythedecisionthat
thesystemcanapplytoexportsfromtheRepublicofComorosandfrom
Seychellesirrespective ofdestination 1.PursuanttoArticle1(5)ofthe
InternalAgreement onthefinancing andadministration ofCommunityaid,
theseACPStates,whichareformerOCTthathavebecomeindependent and
haveaccededtotheLomlConvention underArticle89.continuetobe
Seychelles wasalreadyaccorded suchtreatment asanOCT.

-3- VIIl/264/78-M
covered Toytheappropriation forstabilizing theexportearningsofthe
OCT,providedforinArticle1(3)(C)ofthatAgreement^.
9.ThisdecisionoftheACP-EECCouncilofMinisters hashadoneimmediate
consequence ,namelytheapplication submitted bytheRepublicoftheComoros
concerning itsexportsofcoprairrespective ofdestination .
10.Reference shouldalsobemadetotheexchanges ofviewsbetweenthe
MemberStatesandtheCommission which,asin1975»enabledanswerstobe
giventorequestsforinformation andprovedveryusefulandfruitful.
11.Themachinery forcooperation withthecountries andterritories ,
asdescribed inthereportfor1975»continued tofunctionsatisfactorily
onthewhole.Accordingly thereisnoneedtomakeanyspecialcomments
onanyofthepointsmentioned inthefirstreport.
12.However,althoughcooperation hasbeenprogressing satisfactorily
atthestatistical level,difficulties haveariseninrespectofthe
application ofArticle22oftheDecision.TheCommission hasbeenable
toobtainunofficial information ontheutilization oftheresources transferred
for1975,hasso^arfailedinitseffortstoobtainfromthe
BelizeandNewHebrides authorities theinformation thatshouldbe
providedannually.TheCommission stronglydeploresthisdelayin
applyingthespirit,ifnottheletter,ofArticle 22;itcanonlyharm
theexcellent reputation ofthesystem.
II.SECOND YEAROFAPPLICATION OFTHESYSTEM
13.TheCommission hasreceivedsixapplications fortransfers for1976from
theOCTappropriation .Fouroftheseapplications arefromOCTproper:
GilbertIslands,SolomonIslands,TuvaluandtheCondominium ofthe
NewHebrides ;theothertwoarefromOCTwhichhavebecomeACPStates
throughaccession totheLomeConvention underArticle 89»namelythe
Republic oftheComorosandtheRepublic ofDjibouti .
14.Thesesixapplications wereadmissible sincethedependence and
fluctuation thresholds provided fortytheDecision ontheassociation ofthe
OCTwiththeEEChadbeenexceeded undertheconditions set.
15.Examination ofthetrendoftotalexportsfromthecountries and
territories concerned didnotshowanysignificant changeandconsequently
therewasnoneedforconsultations withinthemeaningofArticle21(4)ofthe
Decision .
16.Theoverallresultsforthelatestyearofapplication oftheDecision
areasfollows :
Djibouti andSurinamaxetheothertwoACPStatesaffected bythe
provisions ofArticle1(5)oftheAgreement buttheyarenotcoveredby
theguarantee irrespective ofthedestination oftheirexports.

-4- VIII/264/78-M
OCT PRODUCT AMOUNT OPTRANSFER
INEUA
GILBERT ISLANDS
SOLOKON ISLANDS '
NEW HEBRIDES
ÏUVALÜ 1COPRA
COPRA
COPRA
COPRA1083098
1273640 .
327364
64417
ACP
COMOROS 11DJIBOUTI 12748 519
COPRA
RAWHIDES ,SKINS
AND LEATHER286508
265328
551836
3300 355
17«Four of "thesixcountries concerned received non–repayable "transfers
whereas Gilbert Islands andNewHebrides will berequired tocontribute
towards thereconstitution oftheresources made available forthesystem .
For1976 ,57$oftransfers were therefore made intheform ofgrants and
43$intheform ofloans . ^
18.Thetransfers concern only twoproducts :copra (92$)andrawhides ,
skins andleather (8$).Unlike in1975 »when thetransfers compensated
forfalls inearnings resulting from theadverse economic situation orfrom
local circumstances ,in1976 local circumstances were thedominant cause .
19.With regard tothereconstitution oftheresources ,theCommission ,
inaccordance with Article 23(3 )oftheDecision andthepractical
arrangements embodied intheexchange ofletters which takes place onthe
occasion ofeach transfer ,carried outthenecessary investigations in
connection with thetwotransfers made for1975 OCTwhich had
undertaken tocontribute tothereconstitution ofthe system 'sresources .
Theinvest igations showed that inthecase ofBelize theconditions laid
down intheDecision asnecessitating reconstitution oftheresources had
been met,whereas this wasnotthecase forNewHebrides .TheCommission
notified theOCTconcerned ofitsfindings .
20.Theauthorities ofBelize informed theCommission that they fully
agreed with thefigures arrived atandaccordingly paid back thesum
of61133 EfrAinto thesystem within theprescribed period .Thebalance
of78517SUAfrom thetransfer tothis country of139650H7Awill behandled
inthemanner provided forinArtiola 23oftheSsoision ,
21.Inaccordance with Article 20(3 )oftheDecision ,theunexpended
balance for1976 ,namely :
4000000EJA (1976 allocation )
-r2201653EUA (remaining from 1975 ) -r2201653EUA (remaining from 1975 )
+ 61133ESJA (amount paid back byBelize )
-3300316EUA (transfers for1976 )
2962470EUA
1Countries receiving non-repayable transfers .

-5- viii/264/78-EN"
willbecarriedforwardautomatically ■andadded,witheffectfrom
1Januaiy1978,totheamountavailable fortheyearofapplication 1977.
III.EFFECTOFTHETRANSFERS ONTHEECONOMIC DEVELOPMENT OFTHERECIPIENT
COUNTRIES ANDONTHEDEVELOPMENT OFEXTERNAL TRADE
22.Article29oftheInternal Agreement onthefinancing andadministration
ofCommunity aidstipulates thattheCommissions annualreportshall-
indicateinparticular theeffectofthesystemontheeconomic development
oftherecipient countries andonthedevelopment ofexternaltrade.
23.ThesameArticlealsostipulates thattheCommission shallforward
totheMemberStatesthereportsitreceives.
Theinformation obtained concerning theRepublic oftheComoros was
transmitted alongwiththeinformation fromtheotherACPStatesin
document C0M(77)02finalof19October1977.WithregardtoDjibouti ,the
reportconsistsofinformation provided bythePresident oftheCouncil
ofGovernment ofDjibouti whenhevisitedtheCommission ;thefundswere
usedforthedevelopment ofthe"redseaweed"usedinbeautypreparations ,
aproductforwhichtherearemarketsintheCommunity .
TheCommission willtransmit totheMemberStatesthereports onthe
utilization ofthefundstransferred toBelizeandtheNewHebrides assoon
astheyareinitspossession ^.
24.Thefactthatofthefourcountries receiving transfers for1975only
thetworeferredtoaboveandnottheprincipal recipient (NewHebrides :
Svfooftheamounttransferred )havesuppliedinformation (seeparagraph 13)
obviously makesitimpossible toformatrueimpression oftheeconomic
effectofthetransfers .
25.Itmaybepointedout,however,thatinthetwocasesinquestion
thetransfers werenotallocated totheproducts occasioning thetransfer
buttodiversification schemes :thePresident oftheCouncil ofGovernment
emphasized thisverypointinthecaseofDjibouti andthesameistrue
oftheComoros,wherethefundstransferred wentonaschemeforimproving
exportcrops(vanilla,clovesandbananas).
26.Itmayalsobenotedthatinbothcasesthefundswereusedforpractical
projects aimedspecifically atthepromotion ofexportcrops.Theseprojects
arebound,therefore ,tocontribute bothtotheeconomic development ofthe
recipient countries andtotheexpansion ofexternal trade.Theyare
thusfullyintunewiththespiritinwhichthesystemwasconceived .
1
ThereportfromtheBelizeauthorities hasjustreachedtheCommission .
Pendingthetransmission ofmoredetailed information ,thefollowing may
benoted:
B$150000totheBananaControlBoard,
B$100000totheForestryDepartment ,
B&68986totheMarketing Board#

VIIl/264/78–EET
1 '"... : ■
ίηηβχ1·
I
Breakdovn of"STABEX"transfers for1975anc*1976
According tonational currency requested bytheOCT
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2

CALCULATION OFTiiiiAr.Oi.iUT OFTllli i'iV.IC:iTo.^r.W:./.
Pr>,Mct.1Savnvood Refproneeporlodt1971«1974 Yo.irtinlorcxrminvtlon t1976
nfomation concerning thereference
period
nfurcation concerning theyear
nJerexaminationQuantity
exported
Ref"926
EX"1,271Exportvaluoo,
national currency
345,880
756,870Averageofmonthly
exchangeratou
<h:rxn■period
.1.88803
2.2569O +Exportvalue8
E.U.A.
183,195
335,358ExportUnitValues
UVHef"197.84
UVEX"263.B5
Article23(3)
»•57£X>
2"ça^aaof
r»rinforrr.tiont
r.ountoftranofer I139650Ano-intofreconstitution
QRef"WRef] QRefWEX
61,133 -E.U.A,
E,U»A. Dateoftranofort25February 1977Roconatitutlon asa-
proportion oftransfer I43.77$
·-»**9 ^«*.._ ..« » ν * *^^ ι "»ΛΛι» Α% Ήγ4–-–■+Calculated frommonthlyaveragerates,Jan,-Apr,anddailyrates1-10Kay,£1=Bp4}
frcn11-31KaydailyratesandJune-Dec,',monthlyrates,US2f1«B$2,<H>M
3MJ\
(9IV)
HCT\
-F:»
A)\

VI11/264/78-EÎT
Annexe2/2
Obïet:Convention detransfert Il/75/STABBCdu16.21977entre 1LeCondoniniura Franco-Britannique desNouvelles-Hebndes etlaCEE
FVincnde3conditions dereconstitution viséesau§3del'art.23delaSïïsionduConseilrelativeàl'Association desPaysetTerritoires
(TOutre-Kcr àlaCommunauté Economique Européenne ,surbasedesstatistiques
relatives 5.1976 ' •
Produit :coprah
Basederecoupement :statistiques CEE
Quantitéderéférence pourlapériodederéférence 1971à1974
27.671+29.rgQ+14.948+26.693=24.723
4
Valeurunitairederéférence pourlapériodederéférence 1971a1974
(1.000F.NH/T)
11.76+8,75♦17.22♦39,18_15>2J
4
Annéed'exaraination -1976ï-.
Quantité1976=29.302
(.tonnesmétriques )
Valeur1976 :426.492
f1.000F.NH)
Valeurunitaire :14®5ô
(1.000F.IIH/T)
I
%
Conclusion
Lapremièrecondition dereconstitution n'estparremplie,lavaleurunitaire
1976étantinférieure àlavaleurunitaire deréférence .

VIII/264/78/EN'
Annex2/3
TransferAgreement No11/75/NH/sTABEXof16February 1977betweenthe
Anglo-French Condominium oftheNewHebrides andtheEEC
Examination oftheconditions ofreconstitution inArticle23(3)of
theCouncilDecision ontheassociation oftheoverseas countries
andterritories withtheEuropean Economic Community onthebasisof
statistics for1976
Product :copra
Basisofcross-checking :EECStatistics
Reference quantity' forreference period1971to1974s
27671+29580+14948+26693-24723
4
Reference unitvalueforreference period 1971to1974
(NHF1000/tonne)
11.76+8.75+17.22+39.18«19.23
4
Yearunderexamination –1976:
(tonnes)^"29302
1?76value=426492
(NHF1000)
Unitvalue1976:14*56
(NHF1000/tonne)
Conclusion
Thefirstcondition ofreconstitution isnotfulfilled ,theunitvalue
for1976beinglowerthanthereference unitvalue.

VIIl/264/78-EU
Annex 3
Abrogate transfers for1975and1976
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HINatureoftransfers
'1975n i1976 S Total
.... i*!
i
Grants -
Loans55519830.87 188989357.26244509147.96'
1243149i
I69.13.141046242.74 265361152.04
1-798347100,00 3300355100.00 5098702I-■1 11
!100.00
1
IV.Utilization ofannualinstalments
1975*'I1976 * Total *
jis"burse-
nents
Balance
Annual
Instalment1798347
2201653
400000044.96
55.04
100.003.300355
699645
400000082.51
17.49
100.005098702
2901298
800000063.73
36.27
100.00

Ppmr»nt .itution
[OCTProduct YearofapplicationTransfer Amountrepaid As£oftransfer
BELIZESawnwood 1975 139650 61133 43.77