Commission Regulation (EC) No 654/2001 of 30 March 2001 fixing the maximum amount of compensatory aid for the appreciable revaluations of the pound sterling and the Swedish krona in 2000
Date: 2001-03-30
Institutions: European Commission
Subjects: Sweden, United Kingdom, exchange rate, monetary compensatory amount, national currency, representative rate

L 91/64

EN

Official Journal of the European Communities

31.3.2001

COMMISSION REGULATION (EC) No 654/2001

of 30 March 2001

fixing the maximum amount of compensatory aid for the appreciable revaluations of the pound
sterling and the Swedish krona in 2000

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 4(2) thereof,

Whereas:

calculating the second and third tranches that would
have been fixed if point (b) had not been applied should
therefore also be fixed.

(6)

(7)

The period referred to in the first subparagraph of
Article 8(1) of regulation (EC) No 2808/98, which must
be a stipulated period prior to the granting of compens-
atory payments, must also be laid down.

The measures provided for in this Regulation are in
accordance with the opinions of
the Management
Committees concerned,

(1)

(2)

(3)

(4)

(5)

An appreciable revaluation, as defined in Article 1(f) of
Regulation (EC) No 2799/98, occurred in 2000 for the
pound sterling and the Swedish krona.

Regulation (EC) No 2799/98 lays down that Member
States may grant compensatory aid to farmers in cases
of appreciable revaluation. Such aid must be granted
under the conditions laid down in that Regulation and
in 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
2452/2000 (3).

The maximum amounts of the first tranche of compens-
atory aid are established in accordance with Article 4 of
Regulation (EC) No 2799/98.

Under Article 4(3) and Article 4(6)(a) of that Regulation,
the amounts concerned must be reduced or cancelled for
a sector where the market price for the Member State
concerned was on average equal to or higher than the
average market prices in the Member States whose
currencies were not appreciably revalued during the
same period. Those conditions are not fulfilled for the
beef and veal, cereals and milk and milk products sectors
in the two countries concerned. The above amounts
need not therefore be adjusted.

Under Article 4(3) and Article 4(6)(b) of that Regulation,
the amount of one or more tranches may be reduced
where it is observed that the relation between the date of
the revaluation and the dates of the operative events in
the sector concerned is such that there is no justification
the revaluation had an impact
for concluding that
throughout the period considered. That condition is met
for the sugar sector for which the rate actually applied
during the 2000/01 marketing year is not yet known.
The maximum amounts of the first tranche referred to
in the penultimate subparagraph of Article 4(6) of Regu-
lation (EC) No 2799/98 and serving as the basis for

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 349, 24.12.1998, p. 36.
(3) OJ L 282, 8.11.2000, p. 9.

HAS ADOPTED THIS REGULATION:

Article 1

For the United Kingdom, the maximum amount of the first
tranche of the compensatory aid referred to in Article 4(3) of
Regulation (EC) No 2799/98 shall be EUR 224,12 million in
the case of the appreciable revaluation that occurred in 2000.

The maximum amount referred to in the penultimate subpara-
graph of Article 4(6) of Regulation (EC) No 2799/98 and
serving as the basis for calculating the second and third
tranches of compensatory aid shall be EUR 235,35 million in
the case of the appreciable revaluation that occurred in 2000.

Article 2

For Sweden, the maximum amount of the first tranche of the
compensatory aid referred to in Article 4(3) of Regulation (EC)
No 2799/98 shall be EUR 11,12 million in the case of the
appreciable revaluation that occurred in 2000.

The maximum amount referred to in the penultimate subpara-
graph of Article 4(6) of Regulation (EC) No 2799/98 and
serving as the basis for calculating the second and third
tranches of compensatory aid shall be EUR 11,84 million in
the case of the appreciable revaluation that occurred in 2000.

Article 3

The period referred to in the first subparagraph of Article 8(1)
of Regulation (EC) No 2808/98 shall end on 31 December
2000 at the latest.

Article 4

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

31.3.2001

EN

Official Journal of the European Communities

L 91/65

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

Done at Brussels, 30 March 2001.

For the Commission

Franz FISCHLER

Member of the Commission