2000/328/EC: Commission Decision of 17 April 2000 on the payment in euro by the United Kingdom of certain expenditure resulting from legal instruments relating to the common agricultural policy (notified under document number C(2000) 1026) (Only the English text is authentic)
Date: 2000-04-17
Institutions: European Commission
Subjects: European Monetary System, United Kingdom, common agricultural policy, exchange rate, national currency, payment

13.5.2000

EN

Official Journal of the European Communities

L 114/33

COMMISSION

COMMISSION DECISION

of 17 April 2000

on the payment in euro by the United Kingdom of certain expenditure resulting from legal
instruments relating to the common agricultural policy

(notified under document number C(2000) 1026)

(Only the English text is authentic)

(2000/328/EC)

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 2799/98 of 15 December 1998 establishing agrimonetary
arrangements for the euro (1), and in particular Article 8 thereof,

Whereas:

(1)

(2)

Article 8 of Regulation (EC) No 2799/98 requires non-participating Member States that contemplate
paying expenditure resulting from legal instruments relating to the common agricultural policy in
euro to take measures to ensure that the use of the euro does not provide a systematic advantage
compared with the use of national currency.

On 24 February 2000, the United Kingdom informed the Commission that it intended to make use
of Article 8 of Regulation (EC) No 2799/98 and communicated the measures it contemplated taking
to preventing any systematic advantage resulting from the use of the euro rather than the pound
sterling. That communication was received on 29 February 2000. A new version of the Annex to the
abovementioned communication was forwarded on 17 March 2000 and received on 21 March
2000.

(3)

The measures planned by the United Kingdom can be summarised as follows:

— operators will be paid the amounts in euro laid down in Community legislation; operators will

bear the full exchange-rate risk arising from subsequent conversion into sterling,

— operators must make a standing commitment; they must apply three months in advance to be
paid in euro; they are then bound for a minimum of one year; three months advance notice must
also be given to withdraw from the arrangement; new payments in euro are then only possible
after a one-year waiting period,

— operators may opt for payment in euro solely for export refunds or for all the measures listed in

the Annex to this Decision.

Initially the United Kingdom intends limiting payments in euro to market support measures that are
entirely financed by the EAGGF as listed in the Annex to the communication.

Article 12(4) of Commission Regulation (EC) No 2808/98 of 22 December 1998 laying down
detailed rules for the application of the agrimonetary system for the euro in agriculture (2), as last
amended by Regulation (EC) No 1410/1999 (3), states that the Commission has two months in
which to approve the measures communicated.

(4)

(5)

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 349, 24.12.1998, p. 36.
(3) OJ L 164, 30.6.1999, p. 53.

L 114/34

EN

Official Journal of the European Communities

13.5.2000

(6)

The measures that the United Kingdom contemplates taking are in line with the objective, namely to
prevent a systematic advantage resulting from the use of the euro rather than the national currency,

HAS ADOPTED THIS DECISION:

Article 1

The measures communicated by the United Kingdom concerning the payment in euro of expenditure
resulting from the legal instruments relating to the common agricultural policy listed in the Annex hereto
are hereby approved.

This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland.

Article 2

Done at Brussels, 17 April 2000.

For the Commission

Franz FISCHLER

Member of the Commission

ANNEX

Market support measures expressed and payable in euro

Scheme

Commission Regulation

Export refunds
Buying-in of beef
Private storage aid for beef
Private storage aid for pigmeat
Private storage aid for sheepmeat
Buying-in of butter
Private storage aid for butter and cream
Aid for butter supplied to non-profit-making organisations
Aid for butter manufacturing
Aid for concentrated butter for cooking
Aid for skimmed milk used in the manufacture of casein and
caseinates
Aid for school milk
Buying-in of skimmed-milk powder
Aid for skimmed-milk powder used for animal feed
Buying-in of cereals
Starch end-user refund
Whisky refunds
Aid for dehydrated fodder
Aid for the use of grape must
Aid for sugar in the chemical
Aid for refining preferential raw cane sugar
Consumption aid for apples
Dairy promotion and market expansion scheme
Promotion of quality beef
Promotion of plants and floricultural products

industry

(EC) No 800/1999
(EEC) No 2456/93
(EEC) No 3445/90
(EEC) No 3444/90
(EEC) No 3446/90
(EC) No 2771/1999
(EC) No 2771/1999
(EEC) No 2191/81
(EC) No 2571/97
(EEC) No 429/90
(EEC) No 2921/90

(EC) No 3392/93
(EC) No 322/96
(EC) No 2799/1999
(EEC) No 689/92
(EEC) No 1722/93
(EEC) No 2825/93
(EC) No 785/95
(EEC) No 2598/88
(EEC) No 1729/78
(EEC) No 3816/88
(EC) No 481/1999 and (EEC) No 2282/90
(EC) No 481/1999 and (EC) No 3582/93
(EC) No 481/1999 and (EEC) No 1318/93
(EC) No 481/1999 and (EC) No 779/1999