Proposal for a Council Regulation fixing the derived intervention prices for white sugar, the intervention price for raw sugar, the minimum prices for A and B beet and the amount of compensation for storage costs for the 1995/96 marketing year (COM(95)0034 - C4-0059/95 - 95/0802(CNS))

The proposal was approved with the following amendments:

(Amendment 21)

Recital 3

>Original text>

Whereas a short supply situation is to be foreseen in the areas of production in Ireland, Italy, the United Kingdom, Spain, Portugal and Finland;

>Text following EP vote>

Whereas a short supply situation is to be foreseen in the areas of production in Ireland, Italy, the United Kingdom, Spain, Portugal, Greece and Finland;

(Amendment 23)

Recital 6

>Original text>

Whereas Article 5 of Council Regulation (EEC) No. 1358/77 of 20 June 1977 laying down general rules for offsetting storage costs for sugar and repealing Regulation (EEC) No. 750/68, as last amended by Regulation (EEC) No. 3042/78, provides that the repayment in the context of the compensation for storage costs is to be fixed per month and per unit of weight, taking account of financing costs, insurance and specific storage costs; whereas, for financing costs, account should be taken of a 6% interest rate.

>Text following EP vote>

Whereas Article 5 of Council Regulation (EEC) No. 1358/77 of 20 June 1977 laying down general rules for offsetting storage costs for sugar and repealing Regulation (EEC) No. 750/68, as last amended by Regulation (EEC) No. 3042/78, provides that the repayment in the context of the compensation for storage costs is to be fixed per month and per unit of weight, taking account of financing costs, insurance and specific storage costs; whereas, for financing costs, account should be taken of a 10% interest rate.

(Amendment 27)

Article 3(2a) (new)

>Text following EP vote>

2a. The A and B quotas shall be adjusted to actual consumption in the European Union so as to keep within GATT requirements. The EAGGF shall continue to bear the cost of production refunds on the first 60 000 tonnes of sugar to be used in the chemical industry (this amount is based on past requirements).

(Amendment 28)

Article 3(2b) (new)

>Text following EP vote>

2b. The system currently used to reimburse storage costs for C sugar shall be retained and shall apply to sugar for which guarantees have been reduced to meet obligations deriving from the GATT agreement.

(Amendment 29)

Article 4

>Original text>

The reimbursement referred to in Article 8 of Regulation (EEC) No 1785/81 shall be ECU 0.41/100 kg white sugar per month.

>Text following EP vote>

The reimbursement referred to in Article 8 of Regulation (EEC) No 1785/81 shall be ECU 0.52/100 kg white sugar per month.

Legislative resolution embodying Parliament's opinion on the proposal for a Council Regulation fixing the derived intervention prices for white sugar, the intervention price for raw sugar, the minimum prices for A and B beet and the amount of compensation for storage costs for the 1995/96 marketing year (COM(95)0034 - C4-0059/95 - 95/0802(CNS))

(Consultation procedure)

The European Parliament,

- having regard to the Commission proposal to the Council, COM(95)0034 - 95/0802(CNS) ((OJ C 99, 21.4.1995, p. 10.)),

- having been consulted by the Council (C4-0059/95),

- having regard to Rule 58 of its Rules of Procedure,

- having regard to the report of the Committee on Agriculture and Rural Development and the opinions of the Committee on Budgets, the Committee on External Economic Relations, the Committee on the Environment, Public Health and Consumer Protection and the Committee on Development and Cooperation (A4-0100/95),

1. Approves the Commission proposal, subject to Parliament's amendments;

2. Calls on the Council to notify Parliament should it intend to depart from the text approved by Parliament;

3. Asks to be consulted again should the Council intend to make substantial modifications to the Commission proposal;

4. Instructs its President to forward this opinion to the Council and Commission.