ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)6
Vol.1980/0002

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COMMISSION OFTHEEUROPEAN COMMUNITIES
Measurestobetakeninapplication ofArticle20§5oftheCouncil
Decisionof29June1976ontheassociation oftheoverseascountries
»
andterritories withtheEuropeanEconomicCommunityconcerning the
SystemforStabilization ofExportEarnings(Stabex)
DRAFT COUNCIL DECISION
of
ontheimplementation ofArticle20(5)ofDecision76/568/EEConthe
association oftheoverseascountries andterritories withthe
EuropeanEconomicCommunity*^COM(80)6final
Brussels-14January1980
(Communication fromtheCommission totheCouncil)
(submittedtotheCouncilby-theCommission ;V;rA• •i» S/,. /\ν.^/.AVr..^-i
'i*A . ■KEH ■
■^la];Councilby-theCommission-•\af
A*/ ■
C0M(80)6final

-2-
1.InArticle20S5,theCouncilDecisionof29June1976ontheassociation .
oftheoverseascountriesandterritories withtheEuropeanEconomic Commu­
nity(hereinafterreferredtoasthe"Decision")'providesthatbeforethe
expiryofthisDecision,theCouncilshalldecide,ontheonehand,upon
the.allocationofanybalancesremairiingsfromthetotalfundingavailable
tocovertheobligations oftheCommunityunderthesystemforstabilization
ofexportearnings(Stabex),setupbythisDecision,aswellas,onthe
otherhand,upontheconditionsgoverningtheallocationoftheamounts
remainingdueunderArticle23ofthisDecision,concerningcontributions
tothereconstitution oftheresourcesmadeavailabletotheStabexsystem.
,2.Concerninganybalancesremaining,itisimpossible,atpresent,tofore­
castiftheoperationsconcerningtheyearofapplication 1979,whichwill
takeplacefrom1April1980onwards,willleavesuchbalances,and,if
thisisthecase,whatwillbetheirmagnitude.
Consequently,thedecisiontakenbytheCouncilcanconsistonlyofadeci­
sioninprincipleofwhichthepracticaleffectwillbedependentonthe
outcomeofcertainpossibilities .
3.Takingaccountofthisdifficultyinforecasting,theCommissionproposes
thatanybalancesaremadeavailableforthefinancingofprojectsand
programmeaid,asisthecaseforotherover-funding inthe4thEDF.
4.AsfortheamountsremainingtoTsepaidbycountriesandterritoires under
Article23oftheDecision,theprobability ofreconstitution .andthecon­
sequentamountswillremainequallyunknownatthetimeoftheexpiryof
theDecision.Article23§2ofthisDecisionstipulatesthattherelevant
authorityofthecountriesandterritories concernedwhichhavebenefitted
fromatransfershallcontribute,duringthefiveyearsfollowingthe
paymentofeachtransfer,tothereconstitution oftheresourcesmade
availabletothesystem.Itwillthusonlybeatthebeginningof1985
thattheCommission w^illbeinapositiontoobserve,forthelasttime,
onthebasisofthe1984figures,ifatransfer 4madeunderthe1979opera­
tionwillgiverise,completelyorpartially,toareconstitution of
resources .
6.Inordertoremainfaithfultotheideaof"revolvingfunds",anideawhich
isoneoftheessentialfoundations oftheStabexsystem,andwhichreflects
theletterandthespiritofArticle23oftheDecision,theCommission
proposesthattheCounciltakethedecisionthattheresourcestobepaid
backintothesystemunderArticte23oftheDecisionwillbeadded,as
andwhentheyaremadeavailable,totheresourcesavailabletotheStabex
systemsetupbythefutureCouncilDecisionontheassociation ofthe-
overseascountriesandterritories withtheEuropeanEconomicCommunity.
ι

-3- ANNEX
DRAFTCOUNCILDECISION
ontheimplementation ofArticle20(5)ofDecision76/568/EEConthe
association oftheoverseascountriesandterritories withtheEuropean
EconomicCommunity
THECOUNCILOFTHEEUROPEANCOMMUNITIES,
HavingregardtoCouncilDecision76/568/EECof29June1976onthe
associationofthe1overseascountriesandterritorieswiththeEuropean
EconomicCommunity,andinparticularArticle20(5)thereof;
WhereasthatArticlecallsforadecisionbeforetheexpiryofthesaid
Decision;
Whereasatthemomentthisdecisionmustbeadopted,theamountsreferred
toinArticle20(5)ofthesaidDecisioncannotbeknown;
HASDECIDEDASFOLLOWS:
Article 1
If,aftertermination ofoperationsrelatingtothefinalyearof
application ofthesystemofstabilization ofexportearningssetupby
theDecision76/568/EEC,thereisaremainingbalancefromthetotal
fundingmentionedinArticle20(1)ofthesaidDecision,thisremaining
balanceshallbeusedtofinanceprojectsandactionprogrammes.
Article2
If,duringtheperiodmentionedinArticle23(2)ofthesaidDecision
76/568/EEC,paymentsaremadebythecompetentauthorities oftheoverseas
countriesandterritories concernedunderthereconstitution ofthe
resourcesmadeavailabletothesystembytheCommunity,theamountsthus
repaidshallbeaddedtotheamountmadeavailabletothesystemof
stabilization ofexportearningsunderthefutureCouncilDecisiononthe
association oftheoverseascountriesandterritories withtheEuropean
EconomicCommunity.
NoL176,1.7.1976,p.8.