PROPOSAL FOR A COUNCIL DECISION ON ACCEPTANCE OF THE TERMS OF REFERENCE OF THE INTERNATIONAL COPPER STUDY GROUP
Date: 1990-02-09
Institutions: European Commission
Subjects: UNO, copper, international organisation, legal status, market supervision

COMMISSION  OF  THE  EUROPEAN  COMMUNITIES 

C0MC90) 53 final 

Brussels, 9 February  1990 

Proposal  for a 

COUNCIL  DECISION 

on acceptance of the Terms of Reference of the 

International  Copper  Study Group 

(presented  by the  Commission) 

Explatatory  Memorandum 

1.  After  more  than  ten  years  of  various  forms  of 
discussion  and  negotiation,  discussion  was  resumed  In 
1987  on  the  establishment  of  a Copper  Study  Group.  A 
negotiating  conference  was  convened  following  the 
consensus  reached  In November  1987  and  after  two  sessions 
(13  to  24  June  1988  and  20  to  24  February  1989)  It  proved 
possible  to  adopt  the  text  of  the  terms  of  reference  of 
the  International  Copper  Study  Group. 

During  the  paragraph-by-paragraph  approval  of  the  text, 
the  United  Kingdom  entered  a  formal  reservation  regarding 
paragraph  4(f)  (functions  of  the  Group)  and  the  United 
Kingdom  and  Germany  entered  a  formal  reservation 
regarding  paragraph  18  (the  Group's  activities  with  a 
bearing  on  market  development) 

2.  The  terms  of  reference  approved  by  the  Conference 
provide  for  the  establishment  of  an  International  Copper 
Study  Group  responsible  for  major  tasks  of  analysis  and 
monitoring  of  the  copper  market  and  trade  In  copper, 
conducting  consultations  on  the  International  copper 
economy,  Improving  access  to  and  availability  of 
statistics,  carrying  out  relevant  studies  and  undertaking 
activities  aimed  at  developing  the  copper  market. 

3.  Membership  of  the  Group  Is open  to  a I I States 
interested  In  the  production  of,  the  consumption  of,  or 
the  International  trade  In, copper  and  to  any 
Intergovernmental  organization  having  responsibilities  In 
respect  of  the  negotiation,  conclusion  and  application  of 
international  agreements,  In particular  commodity 
agreements. 

The  Group's  activities  fall  under  the  common  commercial 
policy.  The  Community's  participation  is  therefore 
necessary  in order  to  prevent  It and  its Member  States 
from  being  excluded  from  such  an  International 
initiative.  However,  only  the  participation  of  States  is 
taken  Into  account  In determining  the  entry  Into  force  of 
the  Group's  terms  of  reference.  It  is  therefore 
necessary  that  the Member  States  take  part  in  the  Group's 
formation  alongside  the  Community. 

4.  The  Group's  terms  of  reference  will  enter  into  force 
definitively  when  States  together  accounting  for  at  least 
80%  of  trade  in copper  have  notified  the  Secretary-
General  of  the  United  Nations  of  their  acceptance  of  the 
terms  of  reference.  The  terms  of  reference  may  also 
ent.v  into  force  provisionally  when  accepted  by  States 
together  accounting  for  at  least  60% of  trade  in  copper 
have  notified  the  Secretary-General  of  the  United  Nations 
of  thslr  accept-1  ce  of  the  terms  of  reference.  If  the 
requirements  ro.*  entry  into  force  have  not  been  met  by  30 
Ju  3  !390,  :h-;_ Secretary-General  of  the  United  Nations 
VY i i • i  •)"• ; ':e those  States  which  have  notified  their 

acceptance  to  decide  whether  or  not  to  put  the  terms  of 
reference  Into  force  among  themselves. 

5.  It  should  be  noted  that  under  paragraph  22  of  the 
terms  of  reference  only  States  count  for  the  entry  Into 
force.  If  the  Commission  were  to  claim  exclusive 
Community  powers  under  Article  113  of  the  EEC  Treaty, 
thereby  preventing  Member  States  from  participating,  It 
would  be  Impossible  to  establish  the  Group. 

6.  In  these  circumstances,  and  since  It  Is  In  the 
Interest  of  a I I Member  States  that  the  Group  be 
established,  it  seems  appropriate  to  conclude  a  political 
agreement  with  the  Member  States  to  ensure  their 
part icI pat ion. 

7.  The  draft  terms  of  reference  have  been  negotiated  by 
the  Community  and  Its Member  States  In accordance  with 
the  common  position  established  by  the  Council*). 

8.  The  acceptance  of  the  terms  of  reference  Involves 
both  Community  action  and  Joint  action  by  the  Member 
States  and  it  is  therefore  Important  that  the  Community 
and  Its Member  States  deposit  their  instruments  of 
acceptance  simultaneously  on  the  basis  of  a  common 
pos11 ion. 

9.  The  attached  proposal  for  a Council  Decision  has  been 
drafted  in  the  above  sense,  any  individual  Independent 
initiative  being  an  infringement  of  the  EEC  Treaty. 

)  See  doc.  6626/88  Proba  24. 

Proposal  for a Council  Decision  on acceptance o"  the To. m.-
of  Reference of  the  International  Copper  Study  Group 

THE COUNCIL OF  THE EUROPEAN  COMMUNITIES 

Having  regard  to the Treaty establishing  the European 
Economic Community,  and  in particular  Articles  113 and  116 
thereof, 

Having  regard  to the proposal  of  the Commission, 

Whereas  the Terms of  Reference of  the  International  Copper 
Study Group were adopted  at Geneva on 24 February  1989 by 
the United Nations Conference on Copper; 

Whereas  the States and  International  Organizations that 
were  Invited  to the Conference  have been asked  to notify 
the United  Nations Secretary-General  of  their  acceptance of 
the Terms of  Reference  In accordance with Article 20; 

Whereas  the European  Community  and  its Member  States  have 
participated  in the Conference; 

Whereas  the Study Group will  develop an  Important  activity 
of analysis and  surveillance of  the market  and of  trade for 
copper ; 

Whereas acceptance of  the Terms of Reference  requires both 
Community  action and concerted  action by the Member  States; 

Whereas,  the Community  and  Its Member  States should 
therefore, on  the basis of a common  position,  lodge their 
instruments of acceptance at  the same time. 

HAS DECIDED AS FOLLOWS: 

A r t i c le  1 

The Terms of  Reference of  the  International  Copper  Study 
Group are hereby  accepted  by the European  Community. 

The Community  and  the Member  States  that  have  completed 
their  internal  procedures shall  lodge their  instruments of 
acceptance with  the Secretary-General  of  the United 
Nations.  The text of  the Terms of Reference  is annexed 
hereto. 

A r t i c le  2 

The  President  of  the  Council  Is hereby  authorized  to 
designate  the  persons  empowered  to  lodge  the  Instrument  of 
acceptance  on  behalf  of  the  Community. 

Done  at  Brussels, 

For  the Council 

The  President 

ANNEX 

TERMS OF REFERENCE OF THE 
INTERNATIONAL COPPER STUDY GROUP 

Establishment 

1. 
the provisions and supervise the operation of these terms of reference. 

The  International Copper Study Group is hereby established  to administer 

Objective 

2. 
To  ensure  enhanced  international  co-operation  on  issues  concerning 
copper,  by  improving  the  information  available  on  the  international  copper 
economy and by providing a forum for intergovernmental consultations on copper. 

Definitions 

3. 
constituted  in these terms of reference. 

(a)  "The  Group"  means  the  International  Copper  Study  Group  as 

(b)  "Copper'"  means  ores  and  concentrates  of  copper;  unrefined  and 
refined  copper  metal,  including  secondary  copper;  copper  alloys;  scrap, 
wastes  and  residues  of  copper;  semi-manufactured  products  and  such  other 
products of copper as the Group may determine. 

(c)  "Members"  means  all  States  and  intergovernmental  organizations  as 
provided  for  in paragraph  5 which  have  notified  their acceptance  pursuant  to 
paragraph 22. 

Functions 

4. 
functions : 

In  pursuance  of  its  objective,  the  Group  shall  have  the  following 

(a)  To  conduct  consultations  and  exchanges  of  information  on  the 

international copper economy; 

(b)  To improve-statistics on copper; 

(c)  To  undertake  regular  assessments  of  the  market  situation  and 

outlook for the world copper  industry; 

(d)  To undertake studies on issues of interest to the Group; 

(e)  To  undertake  activities  related  to  efforts  pursued  by  other 
organizations  aimed  at  developing  the  market  for  copper  and  contributing  to 
the demand  for copper; 

- 2 -

if)  To  consider  special  problems  or  difficulties  which  exist  or  may 

arise in the international copper economy. 

The  Group  shall  carry  out  the  above  functions  without  derogating  from  the 
right of every member  to manage all aspects of its domestic copper economy and 
without  prejudice  to  the  competence  of  other  international  organizations  in 
matters falling within their jurisdiction. 

Membership 

5. 
Membership of the Group shall be open to all States which are interested 
in the production or consumption of, or international  trade in, copper, and to 
any  intergovernmental  organization  having  responsibilities  in  respect  of  the 
negotiation,  conclusion  and  application  of  international  agreements,  in 
particular commodity agreements. 

Powers of the Group 

6. 
(a)  The Group shall exercise such powers and take action or arrange for 
action to be taken as may be necessary  to carry out and ensure the application 
of the provisions of these terms of reference. 

(b)  The  Group  shall  not  have  the  power,  directly  or  indirectly,  to 
enter  into any  contract  for  the  purposes of  trade  in copper  or  in any other 
commodity or product, or any contract  for  futures transactions;  nor shall it 
have the power to enter into any financial obligations for such purposes. 

(c)  The  Group  shall  adopt  such  rules  of  procedure  as  are  considered 
necessary  to carry  out  its  functions  and which  shall  be subject  to, and not 
inconsistent with, these terms of reference. 

(d)  The Group  shall  not  have  the power  and shall not be taken to have 
been  authorized  by  its  members  to incur  any obligation  outside  the  scope of 
these terms of reference or the rules of procedure. 

Headquarters 

7. 
The Headquarters  of  the Group  shall be at a location selected  by  it in 
the  territory  of  a  member  State,  unless  the Group  decides  otherwise.  The 
Group shall negotiate  a Headquarters Agreement with  the host Government  to be 
concluded  as soon as possible after these terms of reference have entered into 
force. 

-  3 -

Decision-making 

8. 
reference  shall  be vested  in  the General  Session. 

(a)  The  highest  authority  of  the Group  established  under  these  terms of 

(b)  The  Group,  the  Standing  Committee  referred  to  in  paragraph  9,  and 
such  committees  and  subsidiary  bodies  as  may  be  established,  shall  take 
decisions  by  consensus  and without  a vote,  except  in  the case of decisions  for 
which  a  specific  voting  majority  is  specified  in  these  terms  of  reference  or 
in the rules of procedure. 

(c)  Each member  State shall be entitled  to one vote. 

Standing  Committee 

9. 
(a)  The  Group  shall  establish  a Standing  Committee,  which  shall  consist 
of  those members  of  the Group  which  have  indicated  their  desire  to participate 
in its work. 

(b)  The  Standing  Committee  shall  undertake  such  tasks  as  may  be 
assigned  to  it  by  the Group  and  shall  report  to  the Group  on completion,  or on 
the progress, of  its work. 

Committees  and  subsidiary  bodies 

10. 
The  Group  may  establish  committees  or  other  subsidiary  bodies,  in 
addition  to  the  Standing  committee,  on  such  terms  and  conditions  as  it  may 
determine. 

Secretariat 

11. 
Secretary-General  and  such  staff  as may  be  required. 

(a)  The 

Group 

shall 

have 

Secretariat 

a 

consisting 

of 

a 

(b)  The  Secretary-General  shall  be  the  chief  administrative  officer  of 
the  Group  and  shall  be  responsible  to  it  for  the administration  and  operation 
of  these  terms of  reference  in accordance with  the decisions of  the Group. 

Co-operation  with others 

(a)  The  Group  may  make  arrangements  for  consultations  or  co-operation 
12. 
with  the  United  Nations,  its  oigans  or  specialized  agencies,  and  with  other 
intergovernmental  institutions, as appropriate. 

(b)  The  Grout  may  also  make  arrangements  as  it  considers  appropriate 
for  maintaining  oontact  with  interested  non-participating  Goveraments,  with 
other  international  non-governmental  organizations,  or  with  private  sector 
institutions, a.~ appropriate. 

•.'.":?  OhTî::-v--r? rcr.y bs  i.-.vited  to  attend, meetings  of  the  Group  or  its 
sobs•':. -:\\ -.-;- ' .^ji = s  ci  îfuoh  ter;?*-, r :"•••'" -•-n.'.ii tior.j as  the  Group  or  those  bodies 
ma'-' ô"20 iif . 

- 4 -

Relationship with  the Common Fund 

The  Group  may  apply  to  be  designated  as  an  International  Commodity  Body 
13. 
(ICB)  under  article  7  (9)  of  the  Agreement  establishing  the  Common  Fund  for 
Commodities,  for  the  purpose  of  sponsoring,  in  accordance  with  the  provisions 
of  these  terms  of  reference,  projects  on  copper  to  be  financed  by  the  Fund 
Decisions  on  the  sponsoring  of  such  projects 
through  its  Second  Account. 
If  consensus  cannot  be  reached, 
shall  normally  be  taken  by  consensus. 
decisions  shall  be  taken  by  a  two-thirds  majority  vote. 
The Group  shall  not 
incur  any  financial  obligations  in respect  of  such  projects;  nor  shall  it act 
as executing  agency  for  any  such project. 

Legal  status 

(a)  The  Group  shall  have  legal  personality. 

14. 
It  shall,  in  particular, 
but  subject  to  paragraph  6  (b)  above,  have  the  capacity  to  enter  into 
contracts,  to acquire  and  to dispose  of movable  and  immovable  property, and  to 
institute  legal proceedings. 

(b)  The  status  of  the  Group  in  the  territory  of  the  host  Government 
shall  be  governed  by  a  Headquarters  Agreement  between  the  host  Government  and 
the Group. 

Budget  contributions 

15. 
(a)  Each  member  shall  contribute  to  an  annual  budget  which  shall  be 
approved  by  the  Group  in  accordance  with  the  provisions  of  the  rules  of 
procedure.  For  the  purpose  of  assessing  the  contributions  of  members, 50 per 
cent of  the budget  shall  be apportioned  equally  among  them; 25 per  cent  shall 
be  apportioned  among  member  States  in  proportion  to  their  shares  in  the  total 
exports  and  imports  of  member  States of  copper  ores  and  concentrates, measured 
in  copper  metal  content,  and  unrefined  and  refined  copper;  and  the  remaining 
25  per  cent  shall  be  apportioned  among  member  States  in  proportion  to  their 
shares  in  a  total  which  shall  consist  of  the  mine  production  or  refined 
consumption  of  copper  of  each  member  State,  whichever  is  the  higher.  The 
calculation  of  these  shares  shall  be  based  on  the  latest  three  calendar  years 
for which  statistics  are available. 

(b)  The  Group  shall  determine  the  contribution  of  each  member  for  each 
financial  year  in a currency  to be decided  by  the Group and  in accordance with 
the  provisions  for  contributions  specified  in  the  rules  of  procedure.  The 
payment  of  the  contribution  by  each  member  shall  be  made  in  accordance  with 
its constitutional  procedures. 

(c)  In  addition  to  the  budget  contributions,  the  Group  may  accept 

donations  from external sources. 

- 5 -

Statistics and information 

16.  (a)  The Group shall collect, collate and make available  to members such 
statistical  information  on  production,  trade,  stocks  and  consumption  of 
copper,  including  consumption  by  specific  markets  and  end-use  industries, as 
it deems appropriate  for  the effective operation of  these  terms of reference, 
as well as the information referred  to in subparagraph  (b) below. 

(b)  The Group  shall make such arrangements as  it considers appropriate 
by  which  information  may  be  exchanged  with  interested  non-participating 
Governments  and  with  appropriate  non-governmental  and  intergovernmental 
organizations  in  order  to  avoid  duplication  of  work  and  to  ensure  the 
availability  of  recent,  reliable  and  complete  information  on  production, 
consumption, stocks, international  trade, internationally recognized published 
prices  of  copper, technology,  research and development  activities  relating to 
copper and other factors that influence the demand for and supply of copper. 

(c)  The Group shall endeavour  to ensure that information made available 
by  it does not  prejudice  the confidentiality of the operations of Governments 
or persons or enterprises producing, processing, marketing or consuming copper. 

Annual assessment and reports 

17. 
(a)  The Group shall undertake  an annual  assessment  of  the world copper 
situation  and  related  matters  in the  light of  information supplied by members 
and  supplemented  by  information  from  all other  relevant  sources.  The annual 
assessment  shall  include  a  review  of  anticipated  copper  production  capacity 
for  future  years  and  an outlook  for  copper  production, consumption and  trade 
for the following calendar year, for the purpose of assisting members in their 
individual assessments of the evolution of the international copper economy. 

(b)  The Group  shall  prepare  a report  incorporating  the  results of  the 
If  the  Group  deems  it 
annual  assessment  and  distribute  it  to  members. 
appropriate, this report, as well as other  reports and studies distributed to 
members, may be made available  to other  interested  parties  in accordance with 
the rules of procedure. 

Market development 

18.  (a)  The Group  shall  hold  discussions among members  and between members 
and  third  parties,  such,  as  copper  research  and  market  development 
organizations, on ways and means of increasing the demand and developing the 
market  for  copper.  Within  this  framework  the  studies  done  by  the Group  in 
support  of  market  development  will  be  disseminated  to  copper  development 
organizations  for  their use  in preparing market  development  project proposals 
to be  submitted  to the Group  for  consideration.  Execution of  these projects 
will  be undertaken  by market  development  organizations.  The Group may select 
and  sponsor  projects  to  be  financed  by  the  Common  Fund  through  its  Second 
Account. 

(b)  The  Group  shall  offer  to  facilitate  co-ordination  between  market 
development  organizations  and  support  the  extension  of  market  development 
activities. 

- 6 -

Studies 

19.  (a)  The  Group  shall  undertake  or  make  appropriate  arrangements  to 
undertake ad hoc studies related  to the international copper economy as may be 
agreed by the Group. 

(b)  The  studies  may  contain  general  recommendations  or  suggestions  to 
the Group  but  such  recommendations or suggestions shall not  derogate from the 
right of every member  to manage all aspects of its domestic copper economy and 
shall  be  without  prejudice  to  the  competence  of  other  international 
organizations : in matters falling within their jurisdiction. 

Obligations of members 

20.  Members shall use their best endeavours to co-operate and to promote the 
attainment  of  the objective of  the Group, in particular by providing  the data 
referred to in paragraph 16 (a). 

Amendment 

21.  These terms of reference may be amended only by consensus of the Group. 

Entry into force 

(a)  These  terms  of  reference  shall  enter  into  force definitively  when 
22. 
States together accounting  for at least 80 per cent of trade in copper, as set 
out  in  the  annex  to  these  terms  of  reference,  have  notified  the 
Secretary-General  of  the  United  Nations  (hereinafter  referred  to  as  "the 
depositary") pursuant  to subparagraph  (c) below of their definitive acceptance 
of these terms of reference. 

(b)  These  terms of reference shall enter  into force provisionally when 
States together accounting  for at least 60 per cent of  trade in copper, as set 
out  in  the  annex  to  these  terms  of  reference, have  notified  the  depositary 
pursuant  to  subparagraph  (c)  below  of  their  provisional  or  definitive 
acceptance of these terms of reference. 

(c)  Any  State  or  any  intergovernmental  organization  referred  to  in 
paragraph  5 which  desires  to become  a member  of  the  Group  shall  notify  the 
depositary  that  it  accepts  these  terms  of  reference  either  provisionally, 
pending  the conclusion of its internal procedures, or definitively.  Any State 
or  intergovernmental  organization  which  has  notified  its  provisional 
acceptance  of  these  terms  of  reference  shall  endeavour  to  complete  its 
procedures within  36 months of  the date of entry  into force of these  terms of 
reference or  the date of its notification of provisional acceptance, whichever 
is  the  later, and  shall  notify  the depositary  accordingly.  Where  a State or 
intergovernmental  organization  is not able  to complete  its procedures  within 
the  time  limit  referred  to above, the Group may grant an extension of time to 
the State or intergovernmental organization concerned. 

- 7 -

(d)  If  the  requirements  for  entry  into  force  of  these  terms  of 
reference have not been met on 30 June  1990. the depositary shall invite those 
States  and  intergovernmental  organizations  that  have  notified  their 
provisional  or  definitive  acceptance  of  these  terras of  reference  to  decide 
whether  or  not  to put  these  terms  of  reference  into  force  provisionally  or 
definitively among themselves. 

(e)  When  these  terms  of  reference  enter  into  force,  the  depositary 
shall  convene  an  inaugural  meeting  of  the  Group  as  soon  as  possible 
thereafter.  Members  shall  be  notified  at  least  one  month,  where  possible, 
prior to that meeting. 

Withdrawal 

23. 
(a)  A member may withdraw  from  the Group at any  time by giving written 
notice  of  withdrawal  to  the  depositary  and  to  the  Secretary-General  of  the 
Group. 

(b)  withdrawal  shall  be without  prejudice  to any  financial obligations 
already  incurred  by  the withdrawing  member  and  shall  not  entitle  it  to any 
rebate of its contribution for the year in which the withdrawal occurs. 

(c)  Withdrawal  shall  become  effective  60  days  after  the  notice  is 

received by the depositary. 

(d)  The  Secretary-General  of  the  Group  shall  promptly  notify  each 

member of any notification received under this paragraph. 

Termination 

(a)  The Group may  at  any  time decide by a two-thirds majority vote of 
24. 
member  States  to  terminate  these  terms of  reference.  Such  termination  shall 
take effect on such date as the Group shall decide. 

(b)  Nothwithstanding  the  termination  of  these  terms  of  reference, the 

Group shall continue  in being  for as long as it is necessary  to carry out its 
liquidation, including the settlement of accounts. 

Reservations 

25.  No  reservations may  be made  to any of  the provisions of  these  terras of 
reference. 

Annex 

- 8 -

TRADE IN COPPER  S a/ 

IIDliQLiii 

T o t al 
) 
t o n n e s) 

t r a de 

-  -  - 

Share 
( p er  c e n t) 

Count rjy 

Kxpor toj 

Australia 
Austria 
Belgium-Luxembourg 
Bolivia 
Brazil 
Bulgaria 
Canada 
Chile 
China 
Cuba 
Denmark 
Finland 
France 
German Democratic  Republic 
Germany, Federal Republic of 
Greece 
Hungary 
India 
Indonesia 
Iran  (Islamic Republic of) 
Ireland 
Italy 
Japan 
Madagascar 
Mexico 
Netherlands 
Norway 
Panama 
Papua New Guinea 
Peru 
Philippines 
Poland 
Portugal 
Republic of Korea 
Spain 
Sweden 
Thailand 
Turkey 
Union of Soviet  Socialist 

Republics 

United  Kingdom of Great  Britain 

and Northern  Ireland 
United  States of America 
Yugoslavia 
Zaire 
Zambia 

150 
24 
222 
1 
2 
1 
635 
1308 

7 .0 
2 .7 
2 
21 
15 
13 
7 0 .7 

90.4 
41.7 
0.9 
13.1 
55.4 

122.0 
7.6 
53.5 

171.5 
343.4 
217.1 
177.1 
3.1 
4.2 
86.4 
8 1 .6 

103.3 

3 2 .1 
187.9 
16.5 
508.4 
500.5 

(thousand 

13.3 
430.9 

153.8 
2.0 
78.7 

358 
6 
1, 
54 
358 

6 2 .5 
713.0 
23.7 
34.0 
6 4 .6 
17.4 

0 .2 
355.7 
1217.1 

5.0 
2 3 .1 
12.0 

18 
16 
177 
97, 
81 
17 
46 

2 3 .6 

324.5 
529.1 
34.5 
. 
20.0 

150.7 
3 7 .5 
6 5 3 .5 
1.0 
156.1 
3.0 
713.8 
1308.0 
365.9 
9.2 
4 .3 
7 6 .4 
3 7 3 .8 
7 6 .0 
7 8 3 .7 
2 3 .7 
3 4 .0 
6 4 .6 
107.8 
4 1 .7 
1.1 
368.8 
1272.5 

127.0 
3 0 .7 
6 5 .5 

171.5 
343.4 
217.1 
195.5 
19.8 
182.1 
183.4 
163.5 
17.6 
46.3 

126.9 

356.6 
717.0 
51.0 
508.4 
520.5 

1.41 
0.35 
6.12 
0.01 
1.46 
0.03 
6.69 
12.26 
3.43 
0.09 
0.04 
0.72 
3.50 
0.71 
7 . 34 
0 . 22 
0 . 32 
0.61 
1.01 
0.39 
0 . 01 
3.46 
11.92 

1.19 
0.29 
0.61 

1.61 
3.22 
2.03 
1.83 
0.19 
1.71 
1.72 
1.53 
0.16 
0.43 

1.19 

3.34 
6.72 
0.48 
4.76 
4.88 

L-OTAL 

5296.0 

5374.9 

10670.9 

100.00 

a/  Annual  average  for the period  1984-1986 of  imports and exports of ores and 
concentrates,  measured  in  copper  metal  content,  and  unrefined  and  refined 
copper  for  "ountrie?  which  participated  in the United  Nations  Conference  on 
Copper,  1438. 

INTERNATIONAL  COPPER  STUDY  GROUP 

FINANCIAL  STATEMENT 

1. 

Budget  heading:  B  7730 

Operations  relating  to  industry 
(Non-differentiated appropriations) 

2. 

Legal basis: 

Articles  113  and  116  of  the  EEC  Treaty. 

3. 

Proposed  classification 

Not  applicable. 

4. 

Description  of  the  opération  and  grounds 

4.1. 

4.2. 

Objectives: 

International  Copper  Study  Group 

Those  concerned: 

copper  producers  and  consumers 

5. 

Nature  of  expenditure  and  method  of  calculation 

Contribution  to  the  annual  budget  of  the  Group  in  the  form  of  a 
share  equal  to  50%  of  the  budget  (see  paragraph  15  of  the  Terms 
the  Study  Group  will  have  a 
of  Reference). 
membership  of  about  20  and  that 
the  budget  should  be  some 
ECU  750  000,  the  calculation  is  as  follows: 

Assuming 

that 

(ECU  750  000  f  2)  =  20  =  ECU  18  750  or  ECU  20  000  in  round 
figures 

6. 

The  operation's  financial  implications  on  running  costs 

Approximately  ECU  20  000  annually. 

7. 

Comments 

None. 

lk 

ISSN 0254-1475 

COM(90) 53 final 

DOCUMENTS 

EN 

16 

Catalogue number : CB-CO-90-019-EN-C 

ISBN 92-77-56825-9 

Office for Official Publications of the European Communities 
L-2985 Luxembourg 

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