NoC80/18 20.3.93 OfficialJournaloftheEuropeanCommunities
Proposaifora
COUNCILREGULATION (EEC)No.../93
of...
adjusting,forthethirdtime,thesystemofaidforcottonintroducedbyProtocol4annexedtothe
ActofAccessionofGreece
(93/C80/11)
THECOUNCILOFTHEEUROPEANCOMMUNITIES , HASADOPTEDTHISREGULATION :
Article1
ThisRegulationprovidesforadjustmentstothesystemof
aidfortheproductionofcottonprovidedforinparagraph
3ofProtocol4annexedtotheActofAccessionofGreece
andadjustedbyRegulation (EEC)No1964/87.
Article2
Article2(2)ofRegulation (EEC)No1964/87isreplaced
bythefollowing:
'2.Whentheproductionofunginnedcotton,
estimatedatthebeginningofthemarketingyear,
exceedsthemaximumquantityguaranteedfortheyear
inquestion,theamountofaidshallbereducedbyan
amountobtainedbymultiplyingtheguidepricebya
coefficientwhichincreasesinlinewiththeamountby
whichestimatedproductionexceedsthemaximum
quantityguaranteed .
However,withoutprejudicetothethirdsubparagraph ,
ifthereductionintheamountofaidexceeds20%of
theguideprice,thisreductionshallbelimited,under
themarketingyearconcerned,to20%.Anyreduction
whichexceedsthislimitshallbecarriedoverinrespect
oftheguidepriceforthefollowingmarketyearuptoa
limitof7%.
Moreover,intheeventthatapplicationofthefirst
subparagraphtoactualproductioninsteadofestimated
productionbeforethebeginningofthemarketingyear
resultsinanadjustmentoftheamountofaiddifferent
fromtheadjustmentactuallymade,theamountofthe
aidforthemarketingyearconcernedshallbeadjusted
upwardsofathresholdof3%onthebasisoftheratio
between,ontheonehand,thegapbetweenthe
estimatedproductionandtheactualproductionand,
ontheotherhand,themaximumquantityguaranteed
fortheprecedingmarketingyear.'
Article3
ThisRegulationshallenterintoforceonthethirdday
followingitspublicationintheOfficialJournalofthe
EuropeanCommunities .HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraph 11ofProtocol4oncotton,aslast
amendedbyRegulation (EEC)2052/92(!),
HavingregardtoCouncilRegulation (EEC)No1964/87
of2July1987adjustingthesystemofaidforcotton
introducedbyProtocol4annexedtotheActofAccession
ofGreece(2),aslastamendedbyRegulation (EEC)No
2052/92,andinparticularArticle3(2)thereof,
HavingregardtotheproposalfromtheCommission ,
HavingregardtotheopinionoftheEuropean
Parliament ,
HavingregardtotheopinionoftheEconomicandSocial
Committee ,
WhereasArticle2(2)ofRegulation (EEC)No1964/87
providesthat,withaviewtoavoidingexcessivevariations
inthereductionoftheguidepriceappliedifthemaximum
guaranteedquantityisexceeded,thereductionshallbe
limitedto15%oftheguideprice;whereas,undercertain
conditionsorwithincertainlimits,theproportioninexcess
ofthismaximumandanydifferencebetweentheactualand
theestimatedproductionshallbecarriedforwardtothe
followingmarketingyear;
Whereasthecurrentlimitinthereductionoftheguide
pricehasnotsucceededinpreventingasubstantial
expansionofcotton-growing intheCommunity ;whereas
inordertoachievetheobjectivesought,themaximum
reductionshouldbeincreased,withproducersdulynotified
ingoodtime,from15%to20%andfrom5to7%for
thepartexceedingthemaximumreduction;
Whereascertainamendments shouldbemadetothe
existingtextofthethirdsubparagraphofArticle2(2)of
Regulation (EEC)No1964/87,
C)OJNoL215,30.7.1992,p.10.
(-)OJNoL184,3.7.1987,p.14.Itshallapplywitheffectfromthe1993/94marketing
year.

20.3.93 OfficialJournaloftheEuropeanCommunities NoC80/19
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
Doneat...
FortheCouncil