Report from the Commission to the ACP-EC Committee of Ambassadors on the processing in 1999 of all transfers under the export earnings stabilisation system set up by the Fourth ACP-EC Convention revised by the Agreement signed in Mauritius on 4 November 1995
Date: 2000-12-12
Institutions: European Commission
Subjects: ACP-EU Convention, Stabex, balance sheet

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 12.12.2000
COM(2000) 823 final

REPORT FROM THE COMMISSION
TO THE ACP-EC COMMITTEE OF AMBASSADORS

on the processing in 1999 of all transfers under the export earnings stabilisation system
set up by the Fourth ACP-EC Convention revised by the Agreement signed in Mauritius
on 4 November 1995

REPORT FROM THE COMMISSION
TO THE ACP-EC COMMITTEE OF AMBASSADORS

on the processing in 1999 of all transfers under the export earnings stabilisation system
set up by the Fourth ACP-EC Convention revised by the Agreement signed in Mauritius
on 4 November 1995

STABEX (1999 year of application)

Report drawn up by the Commission pursuant
ACP-EC Convention.

to Article 207(4) of the revised Fourth

Article 207(4) of the revised Fourth ACP-EC Convention states that:

“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 in 1999.

For the 1999 year of application 21 ACP States were eligible for 29 transfers under the Stabex
arrangements introduced by the revised Fourth ACP-EC Convention.

After consultations under Articles 202 and 203 of the Convention the total amount of eligible
transfers is EUR 235 453 535.

Financial resources at the end of June 2000 for the 1999 year of application were as follows:

EUR

Annual allocation for the 1999 year of application

360 000 000

Carryover from the 1995 to the 1999 year of application

271 251 306

Carryover from the 1996 to the 1999 year of application

286 415 194

Carryover from the 1997 to the 1999 year of application

306 717 101

Carryover from the 1998 to the 1999 year of application

285 271 772

Estimated interest at 30 June 2000

Total:

66 019 805

1 575 675 178

This amount covers all transfers for the 1999 year of application. A list of individual transfers
adopted by the Commission at 24 July 2000 is attached.

Since consultations are still being held with some ACP States transfers may be adopted at a
later date.

2

of 27 July 2000

By Decision 1/2000
from
2 August 2000 to the entry into force of the ACP-EC Partnership Agreement1 the ACP-EC
Council of Ministers extended provisions of the Fourth ACP-EC Convention as revised by the
Agreement signed in Mauritius on 4 November 1995 for Stabex up to 31 December 2000. In
the light of
this decision the ACP-EC Committee of Ambassadors decided on
26 September 2000:

transitional measures

regarding

valid

– to set up a reserve to finance before 31 December 2000 Stabex transfer decisions for the
1998 and 1999 years of application (EUR 168 million) and to repay the balances under the
second Financial Protocol (EUR 72 million under Article 195a of the Convention);

– to gradually transfer the allocation balance from Stabex of over EUR 1.1 billion to the

special EDF account to finance programming activities.

1

OJ L 195, 1 August 2000, p. 46.

3

Country

Product

Reference
level

Earnings
application
year

Loss

Franchise

Transfer
basis after
"franchise"

Consultations
art. 202/203

Transfer
basis after
consultations

Reduction
Art. 194(2)

Reduction
Art. 194 (4)

ANNEX - STABEX – application year 1999

The Gambia

Guinea Bissau
Sierra Leone

Côte d'Ivoire
Togo
Benin
Central African
Republic
Rwanda

Burundi
Ethiopia
Kenya
Uganda

Cotton (carded nor combed)
Groundnuts in shell or
unshelled
Sesame seed
Wood
Cocoa beans
Coffee – raw or roasted
Coffee products
Oil cakes
Cotton seeds
Cotton not carded or
combed
Coffee – raw or roasted
Pyrethrum
Raw hides and skins
Coffee – raw or roasted
Hides and skins
Coffee – raw or roasted
Coffee – raw or roasted
Hides and skins
Coffee – raw or roasted
Coffee – raw or roasted
Coffee – raw or roasted
Coffee – raw or roasted
Bananas – fresh
Bananas – fresh
Bananas – fresh

236.770
7.428.248

130.040
6.542.650

106.730
885.598

0
0

106.730
885.598

42.404
209.240

64.326
676.358

112.747
916.508
3.354.578
3.573.805
208.182.198
3.744.900
15.719.579
3.116.668

35.927.463
125.905
2.508.023
57.645.291
34.899.764
196.194.078
376.185.938
11.925.377
100.568.878
60.147.735
8.521.335
13.925.402
23.274.657
49.553.990
55.220.748
111.414.990
11.078.727
13.926.336
151.070.128

0
0
0
35.738

82.997
623.007
736.198
2.070.485

29.750
293.501
2.618.380
1.503.320

82.997
623.007
736.198
2.034.747
127.002.080 81.180.118 9.368.199 71.811.919
1.404.448
768.199
2.389.881

2.340.452
14.951.380
695.620

1.404.448
768.199
2.421.048

0
0
31.167

0

1.081.228

359.275
0
0
576.453
348.998

3.823.459
125.905
1.593.033
9.322.785
4.874.724

32.104.004
0
914.990
48.322.506
30.025.040

3.464.184
125.905
1.593.033
8.746.332
4.525.726
148.352.190 47.841.888 8.828.734 39.013.154
345.821.990 30.363.948 3.761.859 26.602.089
10.844.149
1.081.228
73.383.218 27.185.660 1.005.689 26.179.971
601.477 11.164.388
48.381.870 11.765.865
8.157.870
0
363.465
363.465
9.608.270
139.254
4.177.878
4.317.132
0
22.366.022
908.635
908.635
39.360.658 10.193.332 2.229.930
7.963.402
5.222.978 1.566.893
49.997.770
3.656.085
0
110.831.160
583.830
583.830
3.286.136
110.787
3.396.923
7.681.804
139.263 10.204.883
3.582.190 10.344.146
135.758.706 15.311.422 1.510.701 13.800.721

0
417.053
200.378
0
5.674.578
0
0
695.211

0
88.337
462.665
0
0
0
0
0
0
0
0
1.720.573
0
1.386.349
545.232
0
1.389.214
0
0

82.997
205.954
535.820
2.034.747
66.137.341
1.404.448
768.199
1.694.670

3.464.184
37.568
1.130.368
8.746.332
4.525.726
39.013.154
26.602.089
1.081.228
26.179.971
11.164.388
363.465
2.457.305
908.635
6.577.053
3.110.853
583.830
1.896.922
10.204.883
13.800.721

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

Tanzania
Madagascar
Malawi
Haiti
Dominica
Jamaica
Saint Lucia
Papua New Guinea Coffee – raw or roasted
Solomon Islands

Coco products
Palm products
Wood

TOTAL

4

Transfer
amount
in euro

64.326
676.358

82.997
205.954
535.820
2.034.747
66.137.341
1.404.448
768.199
1.694.670

3.464.184
37.568
1.130.368
8.746.332
4.525.726
39.013.154
26.602.089
1.081.228
26.179.971
11.164.388
363.465
2.457.305
908.635
6.577.053
3.110.853
583.830
1.896.922
10.204.883
13.800.721
235.453.535

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