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DOCUMENTS "COM"
COM(77)527
Vol.1977/0169

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(77 )527final .
Brussels .26October 1977
Proposal for a
COUNCIL REGULATION (EEC)
amending Regulation (EEC)NO316/77concerning theapplication
ofananti-dumping duty onchains ,forcycles andmotor cycles ,
originating inTaiwan <■
(submitted totheCouncil bytheCommission )
COM(77 )527final

EXPLANATORY MEMORANDUM
TheCouncil,byRegulation(EEC)N°316/77of14February1977»
imposedananti-dumping dutyoncycleandmotorcycleoriginatingin
Taiwan.
Theamountofthisdutycorrespondstothedifference "between
1.39unitsofaccountandthedeclaredvalue(perkilogramnet).
TheratesofconversionoftheEuropeanunitofaccountinto
nationalcurrenciesareindioatedinthefirstarticleoftheRegula­
tion.Astheserateshavebeensubjectedtoohangesbecauseofmone­
taryfluctuations ,itisdesirabletomakeaconsequentionalamendment
totheRegulation.
Itis,therefore,proposedtotheCouncilthatthefirst
articleoftheRegulationbeamendedbyreplacingtheconversion
ratesgivenbythosewhichreflectcurrentvaluesoftheEuropean
unitofaocount.
Moreover,itisdesirable,forpracticalreasons,forthe
CounciltoauthorisetheCommissiontoproceed,incaseofneed,to
makesimilaramendmentstotheseconversionrates.

Proposalfor
CouncilRegulation(EEC)
amendingRegulation(EEC)N°316/77
concerningtheapplicationofananti-dumping dutyon
chains,forcyclesandmotorcyoles,originatingin
Taiwan
THECOUNCILOPTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropeanEconomicCommunity,
HavingregardtoCouncilRegulation(EEC)N°459/68of5April1968on
protectionagainstdumpingorthegrantingofbountiesorsubsidiesby
countrieswhicharenotmembersoftheEuropeanEconomicCommunity(l),
asamendedbyRegulation(EEC)N°2011/73(2)andEECN°1411/77(3),
andinparticularArticle18thereof^
HavingregardtotheproposalfromtheCommission,madeafterhaving
heardtheopinionsexpressedintheAdvisoryCommitteeBetupunderthe
saidRegulation,
Whereas,byCouncilRegulation(EEC)N°316/77of14February1977(4)
adefinitiveanti-dumping dutywasimposedonchainsforcyclesandmotor
cyclesoriginatinginTaiwan;
Whereastheamountofsuchdutycorrespondstothedifferencebetween
thedeclaredvalueoftheseproduotsand1.39Europeanunitsofaccount
convertedintonationalcurrencies inaccordance withtheratesestablished
inRegulation(EEC)N°316/77?
Whereas,theratesofconversionoftheEuropeanunitofaccountinto
thenationalcurrencieshavechangedbecauseofmonetaryfluctuations and
theRegulationmustthereforebeamendedaccordingly ;
HASADOPTEDTHISREGULATION 1
Article1
TheratesofconversioninnationalcurrenciessetoutinArticle1of
Regulation(EEC)N°316/77arereplaoedbythefollowing;
BelgianandLuxembourgfranc 40,7860
Germanmark 2,64590
Dutchguilder 2,80321
Poundsterling 0,651768
Danishkrone 7,02736
Frenchfrano 5>61020
Italianlira 1004,91
Irishpound 0,651768
UnitedStatesdollar •1,13657
(1)OJN°L93,17.4.1968,p.l.
(2)OJN°L206,27.7.1973,p.3.
(3)OJN°L160,30.6.1977,P.4.
(4)OJNoL45,17.2.1977,p.4»

-2-
Article 2
TheCommission ishereby authorized ,iftheneed should arise ,to
take steps ,under aprocedure analogous tothat provided forin
Article 18(2 )ofRegulation 459/68,toadjust therates ofconversion
set outinArticle 1totake account offurther currency changes .
Article 3
This Regulation shall enter into force onthetenth dayfollowing its
publication intheOfficial Journal oftheEuropean Communities .
This Regulation shall bebinding initsentirety anddirectly
applicable inallMember States .
Done atBrussels For the Council
The President
\