Commission Regulation (EC) No 408/2001 of 28 February 2001 fixing the exchange rate applicable to certain direct aids and measures of a structural or environmental nature
Date: 2001-02-28
Institutions: European Commission
Subjects: agri-monetary policy, aid system, aid to agriculture, common agricultural policy, national currency, representative rate

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EN

Official Journal of the European Communities

1.3.2001

COMMISSION REGULATION (EC) No 408/2001

of 28 February 2001

fixing the exchange rate applicable to certain direct aids and measures of a structural or environ-
mental nature

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),

Having regard to Commission Regulation (EC) No 1410/1999
of 29 June 1999 laying down detailed rules for the application
of the agrimonetary system for the euro in agriculture (2), and
in particular Article 2 thereof,

Whereas:

(1)

(2)

Under Article 42 of Commission Regulation (EC) No
2342/1999 of 28 October 1999 laying down detailed
rules for the application of Council Regulation (EC) No
1254/1999 on the common organisation of the market
of beef and veal as regards premium schemes (3), as last
amended by Regulation (EC) No 192/2001 (4) the date
of submission of the application constitutes the opera-
tive event for determining the year to which animals
covered by the premium schemes in the beef and veal
sector are allocated. Under Article 43 of that Regulation
the premium
conversion into national currency of
amounts is carried out in accordance with the average,
calculated pro rata temporis, of the exchange rates applic-
able in the month of December preceding the allocation
year.

Under Article 4(2) 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 (5), as last amended by Regulation
(EC) No 2452/2000 (6),
for the
exchange rate in the case of amounts of a structural or
environmental nature is 1 January of the year during
which the decision to grand the aid is taken. Under
Article 4(3) of that Regulation, as amended by Regula-
tion (EC) No 1410/1999, the exchange rate to be used is
the average of the exchange rates applicable during the

the operative event

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 164, 30.6.1999, p. 53.
(3) OJ L 281, 4.11.1999, p. 30.
(4) OJ L 29, 31.1.2001, p. 27.
(5) OJ L 349, 24.12.1998, p. 36.
(6) OJ L 282, 8.11.2000, p. 9.

(3)

(4)

(5)

(6)

month preceding the date of the operative event, calcu-
lated pro rata temporis.

Under Article 12 of Commission Regulation (EC) No
293/98 of 4 February 1998 determining the operative
events applicable to products in the fruit and vegetables
sector, to processed fruit and vegetable products and
partly to live plants and floricultural products and to
certain products listed in Annex I to the EC Treaty, and
repealing Regulation (EEC) No 1445/93 (7), as
last
amended by Regulation (EC) No 1410/1999, the conver-
sion rate to be applied for the conversion each year into
national currency of the maximum aid per hectare to
improve the quality and marketing of nuts and locust
beans fixed in Article 2 of Council Regulation (EEC) No
790/89 (8), as last amended by Commission Regulation
(EC) No 1825/97 (9), is the average of the exchange rates
applicable during the month before 1 January of the
annual reference period within the meaning of Article
19 of Commission Regulation (EEC) No 2159/89 (10), as
last amended by Regulation (EC) No 1363/95 (11), calcu-
lated pro rata temporis.

Under Article 6(2) of Commission Regulation (EEC) No
2700/93 of 30 September 1993 on detailed rules for the
application of the premium in favour of sheepmeat and
goatmeat producers (12), as last amended by Regulation
(EC) No 1410/1999, the conversion rate to be applied to
the amount of the balance of the premium in the sheep-
meat sector is the average of the exchange rates applic-
able during the month before the last day of
the
marketing year in respect of which the premium is
granted, calculated pro rata temporis.

Under Article 6(1) of Regulation (EEC) No 2700/93, the
conversion rate to be applied to the amount of the
advance payment in the sheepmeat sector is the average
of
the exchange rates applicable during the month
before the first day of the marketing year in respect of
which the premium is granted, calculated pro rata
temporis.

The Council has
irrevocably fixed
established the
exchange rate between the Greek drachma and the euro
in Regulation (EC) No 1478/2000 of 19 June 2000
amending Regulation (EC) No 2866/98 on the conver-
sion rate between the euro and the currencies of the
Member States adopting the euro (13). This rate is valid
with effect from 1 January 2001 and applies to the
measures having an operative event on or after that date.
Regulation (EC) No 1410/1999 no longer applies to
these measures as a result,

(7) OJ L 30, 5.2.1998, p. 16.
(8) OJ L 85, 30.3.1989, p. 6.
(9) OJ L 260, 23.9.1997, p. 9.
(10) OJ L 207, 19.7.1989, p. 19.
(11) OJ L 132, 16.6.1995, p. 8.
(12) OJ L 245, 1.10.1993, p. 99.
(13) OJ L 167, 7.7.2000, p. 1.

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Official Journal of the European Communities

L 60/25

HAS ADOPTED THIS REGULATION:

— the amounts of a structural or environmental nature
referred to in Article 5 of Regulation (EC) No 2799/98,

Article 1

is set out in Annex I.

1.

The conversion rate to be applied to:

— the amounts of premiums in the beef and veal sector
referred to in Council Regulation (EC) No 1254/1999 (1),
— the maximum aid per hectare to improve marketing in the
nuts and locust beans sector fixed in Article 2 of Regulation
(EEC) No 790/89,

— the amount of the advance payment referred to in the
second subparagraph of Article 5(6) of Council Regulation
(EC) No 2467/98 (2) and the amount of the deduction
referred to in Article 4 of Council Regulation (EEC) No
3493/90 (3), and

2.
The conversion rate to be applied to the amount of the
premium and of the balance referred to in the fourth subpara-
graph of Article 5(6) of Regulation (EC) No 2467/98 and to the
amount of the deduction referred to in Article 4 of Regulation
(EEC) No 3493/90 is set out in Annex II.

Article 2

This Regulation shall enter into force on the seventh day
following its publication in the Official Journal of the European
Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 28 February 2001.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 160, 26.6.1999, p. 21.
(2) OJ L 312, 20.11.1998, p. 1.
(3) OJ L 337, 4.12.1990, p. 7.

L 60/26

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Official Journal of the European Communities

1.3.2001

ANNEX I

Conversion rate referred to in Article 1(1)

EUR 1 = (average 1.12.1999 to 31.12.1999)

7,45834

8,68177

Danish krone

Swedish krona

0,614545

Pound sterling

ANNEX II

Conversion rate referred to in Article 1(2)

EUR 1 = (average 30.11.2000 to 30.12.2000)

7,45819

Danish krone

340,690

Greek drachma

8,67698

Swedish krona

0,613990

Pound sterling