Commission Regulation (EEC) No 1250/87 of 5 May 1987 amending for the second time Regulation (EEC) No 3749/83 as regards the amounts expressed in ECU
Date: 1987-05-05
Institutions: European Commission
Subjects: currency adjustment, generalised preferences, originating product, value of trade













EUR-Lex - 31987R1250 - EN






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31987R1250

Commission Regulation (EEC) No 1250/87 of 5 May 1987 amending for the second time Regulation (EEC) No 3749/83 as regards the amounts expressed in ECU  


Official Journal L 118 , 06/05/1987 P. 0007 - 0008 





*****COMMISSION  REGULATION (EEC) No 1250/87  of 5 May 1987  amending for the second time Regulation (EEC) No 3749/83 as regards the amounts expressed in ECU  THE COMMISSION OF THE EUROPEAN COMMUNITIES,  Having regard to the Treaty establishing the European Economic Community,  Having regard to Council Regulation (EEC) No 3924/86 of 16 December 1986 applying generalized tariff preferences for 1987 in respect of certain industrial products originating in developing countries (1), and in particular Article 1 (4) thereof,  Having regard to Council Regulation (EEC) No 3925/86 of 16 December 1986 applying generalized tariff preferences for 1987 in respect of certain industrial products originating in developing countries (2), and in particular Article 1 (3) thereof,  Having regard to Council Regulation (EEC) No 3926/86 of 16 December 1986 applying generalized tariff preferences for 1987 in respect of certain industrial products originating in developing cuntries (3), and in particular Article 1 (2) thereof,  Whereas Decision 86/638/ECSC of the representatives of the Governments of the Member States of the European Coal and Steel Community, meeting within the Council, of 16 December 1986 applying for 1987 the generalized tariff preferences for certain steel products originating in developing countries (4) provides that the concept of originating products is to be defined under the procedure laid down in Article 14 of Council Regulation (EEC) No 802/68 of 27 June 1968 concerning the common definition of the concept of the origin of goods (5); whereas the rules to be applied for this purpose should be the same as those laid down for other products;  Whereas, to take account of monetary evolution, it is necessary to modify for the second time the amounts in ECU in Articles 7 and 10 of Commission Regulation (EEC) No 3749/83 of 23 December 1983 on the definition of the concept of originating products for the purposes of the application of tariff preferences granted by the European Economic Community in respect of certain products from developing countries (6), as amended by Regulation (EEC) No 1061/85 (7);  Whereas the measures provided for in this Regulation are in accordance with the opinion of the Committee on origin,  HAS ADOPTED THIS REGULATION:  Article 1  Regulation (EEC) No 3749/83 is hereby amended as follows:  1. In Article 7 (2), '2 355 ECU' is replaced by '2 590 ECU'.  2. The footnote to Article 7 (2) is replaced by the following:  'The equivalent in national currencies of the ECU is as follows:  1.2.3 //  // 43,7750   // Belgian franc / Luxembourg franc  //   // 2,09022   // German mark   //   // 2,36146   // Dutch florin   //   // 0,713486   // Pound sterling   // 1 ECU  // 7,88477   // Danish krone   //   // 6,84430   // French franc   //   // 1440,90   // Italian lira   //   // 0,762246  // Irish pound   //   // 139,754   // Greek drachma   //  // 137,629   // Spanish pesetas   //   // 151,505  // Portuguese escudos  The amounts in the national currencies which result from the conversion of the amounts expressed in ECU may be rounded up or down'.  3. In the second subparagraph of Article 10 (2), '165 ECU' and '470 ECU' are replaced by '180 ECU' and '515 ECU' respectively.  Article 2  This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.  It shall apply from 1 May 1987.  This Regulation shall be binding in its entirety and directly applicable in all Member States.  Done at Brussels, 5 May 1987.  For the Commission  COCKFIELD  Vice-President  (1) OJ No L 373, 31. 12. 1986, p. 1.  (2) OJ No L 373, 31. 12. 1986, p. 68.  (3) OJ No L 373, 31. 12. 1986, p. 126.  (4) OJ No L 373, 31. 12. 1986, p. 162.  (5) OJ No L 148, 28. 6. 1968, p. 1.  (6) OJ No L 372, 31. 12. 1983, p. 1.  (7) OJ No L 113, 26. 4. 1985, p. 10.