ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)4
Vol.1980/0001

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COMMISSION OFTHE EUROPEAN COMMUNITIES
...... .. . ,COM(80)4 final
Brussels ,14January 1980
COMMUNICATION TO THE COUNCIL BY THE COMMISSION
Measures tobetaken inapplication of
Article 18§5ofthe Lomé Convention concerning
the System forStabilization ofExport Earnings (Stabex )
Draft Decision ACP-EEC ofthe ACP-EEC Council ofMinisters
onthe implementation ofArticle 18(5 )ofthe ACP-EEC Convention of Lomé
(submitted tothe Council bythe Commission )
C0M(80 )4final:•,Av>'
j•*;;
'■Sv.:;. '1

1.InArticle 18§5,the ACP/EEC Lome Convention provides that before the
expiry ofthis Convention ,the ACP/EEC Council ofMinisters shall decide /
onthe one hand ;upon theallocation ofany balances remaining from the
total funding available tocover theobligations of >the Community under ; .
the .system -forstabilization ofexport earnings (Stabex ),set upbythis
Convention ,aswell as,onthe other hand,upon the conditions governing
theallocation ofthe amounts remaining due under Article 21ofthis Con­
vention ,concerning contributions tothereconstitution of(the resources .
'made available tothe Stabex system . »
2.Itis,mosj :unlikely that,atthe time ofthe expiry ofthe present Lome
Convention ,the second Convention ,signed 31October 1979 atLome,will
yet beinforce .Atthat time,Article 187 ofthis second Convention ,
which provides that the powers conferred upon the ACP/EEC Council of
Ministers bythe Lome Convention a,reexercised bythe ACP/EEC Council of
Ministers set upbythe second Lome Convention ,cannot beapplied .-
Itfollows that the ACP/EEC Council ofMinisters ofthe Lome Convention „
should take adecision ,by29February 1980 atthe latest ,onthe two
problems mentioned inArticle 18§5ofthe Lome Convention .
•. ' . ' v-- ;
-3.Concerning any balances remaining ,itisimpossible ,atpresent ,tofore­
cast iftheoperations concerning the'year "ofapplication 1979,which will
take place from TApril 1980 onwards ,will leave such balances ,and,if
this isthe case,what will betheir ;magnitude ; - ,
Consequently ,the decision taken bythe ACP/EEC Council ofMinisters can .
consist only ofadecision' inprinciple ofwhich thepractical effect will
bedependent onthe outcome ofcertain possibilities . ., .
4.Taking account ofthis difficulty inforecasting ,the Commission proposes
that any balances are made available for the financing ofprojects and
programme aid,asisthe case for other over-funding inthe 4th EDF.,
f ^ .... _ »
5,Asforthe^amounts remaining tobepaid bythe ACPStates under Article 21ofthe Lome Convention ,•theprobability ofreconstitution and the consequent
amounts will remain equally unknown atthe time ofthe expiry ofthe
Convention .Article 21§'2ofthis Convention stipulates that the ACP
•States which have benefitted from atransfer shall contribute ,during the
five years following the payment of .each transfer ,tothe -reconstitution of
the resources made avai lable tothe system .Itwill thus only beatthe
beginning of1985 that the Commission will beinaposition toobserve ,
for the last time,orlthebasis ofthe 1984 figures ,ifatransfer made "
under the 1979 operation will give rise,completely *orpartially ,toa
reconstitution ofresources .
6.Inorder toremain faithful tothe idea of"revolving funds ",anidea
, which isone oftheessential foundations ofthe Stabex system ,and which
reflects theletter and thespirit ofArticle 21ofthe Lome Convention ,
the Commission proposes that the ACP/EEC Council of .Ministers -take the
decision that the resources tobepaid back into the system under Article 21
ofthe Lome Convention will beadded ,asand when they are made available ,
tothe resources available tothe Stabex system set upbythe second Lome
Convention .  

ANNEX
DRAFT DECISION ACP-EEC
ofthe ACP-EEC Council OfMinisters " ■
onthe -implementation ofArticle 18(5 )ofthe ACP-EEC Convention ofLome
THE ACP-EEC COUNCIL OFMINISTERS ,
Having regard tothe ACP-EEC Convention of Lome ,and inparticular Article
18(5 )thereof ;
Whereas that Article calls fo'r adecision before the expiry ofthe said
Convention ;
Whereas ,consequently ,this decision cannot b£taken under Article 187 of'
the second ACP-EEC Convention ofLome ,signed atLome on31October 1979 ;
Whereas ,atthe moment this decision must.be adopted ,the amounts referred
toinArticle 18(5 )ofthe Convention ofLome cannot beknown ;
HAS DECIDED AS FOLLOWS :
Ν -λ
Article 1
If,after termination ofoperations relating tothe final year ofapplication
ofthe system ofstabilization ofexport earnings set upbythe ACP-EEC
Convention ofLome,there isaremaining balance from thetotal funding
mentioned inArticle 18(1 )ofthe said Convention ,this remaining balance
shall beused tofinance projects and action programmes .
Article 2
If,during the period mentioned inArticle 21(2 )ofthe ACP-EEC Convention of
Lome ,payments are made byACP States under the reconstitution ofthe
resources made available tothe system bythe Community ,the amounts thus -,
repaid shall beadded tothe amount mentioned under Article 31ofthe second
ACP-EEC Convention signed atLome on31October 1979 .