Commission report to the ACP-EC Committee of Ambassadors for the 1998 year of application on progress in processing transfers under the export earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4 November 1995
Date: 1999-12-16
Institutions: European Commission
Subjects: ACP countries, Stabex, export revenue, fourth Lomé Convention

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 16.12.1999
COM(1999) 696 final

COMMISSION REPORT TO THE ACP-EC COMMITTEE OF AMBASSADORS

for the 1998 year of application on progress in processing transfers under the export
earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the
Agreement signed in Mauritius on 4 November 1995

1

COMMISSION REPORT TO THE ACP-EC COMMITTEE OF AMBASSADORS

for the 1998 year of application on progress in processing transfers under the export
earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the
Agreement signed in Mauritius on 4 November 1995

Stabex, application year 1998

Report by the Commission pursuant
Convention.

to Article 207(4) of the revised fourth ACP-EC

Article 207(4) of the revised Lomé IV Convention states:

"On 30 September ... the Commission shall report to the Committee of Ambassadors on the
progress made with the processing of all transfers."

This report covers transfers for the 1998 year of application.

The Commission found 13 ACP States to be eligible for 18 transfers under the export
earnings stabilisation system set up by the revised fourth ACP-EC Convention.

Following consultations under Articles 202 and 203 of the Convention, as appropriate, the
total of eligible transfers is EUR 74 728 228.

For the 1998 year of application the position regarding the financial resources available under
the system is as follows:

-

tranche annual for the 1998 year of application

- balance for 1995 to be carried over to 1998

- balance for 1996 to be carried over to 1998

- balance for 1997 to be carried over to 1998

-

estimated interest up to 30 June 1999

Total

EUR

360.000.000

271.251.306

286.415.194

295.207.178

33.729.441

1.246.603.119

2

This means that all eligible transfers for 1998 can be covered.

The list of individual transfers decided by the Commission on 26 July 1999 is annexed to this
report.

Consultations, mainly to do with statistics, are still under way with three ACP States
(Mauritania, Sudan and Tanzania) and so any transfers for these countries will be decided at a
later date. But whatever the case, the amount in transfers is much less than the resources
available after deduction of the total concerned by this decision.

3

ANNEX

STABEX – application year 1998

Country

Product

Reference
level

Actual
earnings

Losses

Amount
retained
(franchise)

Transfer
basis after
franchise

Reduction
after
consultations

Transfer basis
after consultations

Art.194(2)

Art.194(4)

Reduc-
tio

Reduction

TRANS-
FER

Senegal

Groundnut products

49 988 812

41 405 030

8 583 782

2 249 497

6 334 285

0

Togo

Cocoa beans

8 498 132

7 414 132

1 084 000

0

1 084 000

589 609

Raw coffee

18 011 177

13 567 811

4 443 366

180 112

4 263 254

2 258 118

Cotton, neither carded nor
combed

66 189 826

59 746 401

6 443 425

661 898

5 781 527

2 748 769

Oil cake

3 617 330

3 192 820

424 510

0

424 510

0

Cameroon Raw coffee

Rwanda

Raw coffee

106 162 15

87 367 520 18 794 638

4 777 297

14 017 341

2 162 876

37 490 781

35 418 717

2 072 064

72 064

2 000 000

Pyrethrum

279 032

0

279 032

Raw hides and skins

2 528 067

2 133 969

394 098

Burundi

Raw hides and skins

1 230 862

154 360

1 076 502

Malawi

Cotton, neither carded nor
combed

307 712

160 100

147 612

0

0

0

0

279 032

394 098

139 820

232 554

73 590

1 076 502

872 699

147 612

0

Dominica Fresh bananas

25 736 206

22 508 902

3 227 304

968 191

2 259 113

671 905

St Lucia

Fresh bananas

60 627 284

52 239 885

8 387 399

2 516 220

5 871 179

1 774 623

151 070 12

107 739 20 43 330 923

1 510 701

41 820 222

0

41 820 222

Solomons Wood

Kiribati

Copra

2 820 200

2 779 132

41 068

Vanuatu

Cocoa beans

1 506 979

1 255 945

251 034

Samoa

Oil cake

188 548

155 491

33 057

Haiti

Cocoa beans

3 014 516

2 736 483

278 033

4

0

0

0

0

41 068

251 034

33 057

278 033

9 132

93 944

0

0

31 936

157 090

33 057

278 033

6 334 285

494 391

2 005 136

3 032 758

424 510

11 854 465

1 860 180

46 478

320 508

203 803

147 612

1 587 208

4 096 556

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

6 334 285

494 391

2 005 136

3 032 758

424 510

11 854 465

1 860 180

46 478

320 508

203 803

147 612

1 587 208

4 096 556

41 820 222

31 936

157 090

33 057

278 033

74 728 228