MEMBER STATE WHOSE CURRENCY DEPRECIATES BELOW THE MARGIN OF FLUCTUATION IS TO CHARGE ON EXPORTS AND GRANT ON IMPORTS
MONETARY COMPENSATORY AMOUNTS FOR THE PRODUCTS SPECIFIED IN PARAGRAPH 2 OF THAT ARTICLE ;
WHEREAS , PURSUANT TO PARAGRAPH 1A OF THE SAID ARTICLE , WHERE A RATE OF EXCHANGE OTHER THAN THAT CORRESPONDING TO THE PARITY OF THE CURRENCY IN QUESTION IS USED FOR CONVERSIONS BETWEEN THE UNIT OF ACCOUNT AND THE CURRENCY OF A MEMBER STATE , PARAGRAPH 1 AFORESAID APPLIES EQUALLY WHEN THE MEAN OF THE SPOT MARKET RATES FOR THAT CURRENCY DURING A PERIOD TO BE DETERMINED VARIES BY AT LEAST 1 % FROM THE CONVERSION RATE USED FOR THE PURPOSES OF CALCULATION ;
WHEREAS IT IS NECESSARY , FOR THE PURPOSE OF APPLYING ARTICLES 1 ( 1A ) , 2 ( 1 ) ( B ) AND 2A OF REGULATION ( EEC ) NO 974/71 TO DETERMINE THE PERIOD DURING WHICH ARE TO BE RECORDED THE SPOT MARKET RATES WHOSE ARITHMETICAL MEAN IS TO BE USED IN PARTICULAR FOR CALCULATING COMPENSATORY AMOUNTS ; WHEREAS THE PERIOD MUST BE SUFFICIENTLY REPRESENTATIVE TO SHOW TRENDS IN RATES AND MUST YET ALLOW THOSE RATES TO BE REFLECTED AS QUICKLY AS POSSIBLE IN THE FIXING OF THE COMPENSATORY AMOUNTS ; WHEREAS A PERIOD OF SEVEN DAYS FIXED FOR THE PURPOSES OF TECHNICAL ADMINISTRATIVE REQUIREMENTS SHOULD THEREFORE BE USED ;
WHEREAS THE MOST REPRESENTATIVE SPOT MARKET RATES SHOULD BE USED FOR THE PURPOSE OF CALCULATION ;
WHEREAS THE COMMON PRICE LEVEL SHOULD BE USED AS A BASIS FOR THE CALCULATION OF MONETARY COMPENSATORY AMOUNTS , BEARING IN MIND THE FACT THAT THE NEW MEMBER STATES DO NOT YET APPLY THE COMMON PRICE IN THE CASE OF CERTAIN PRODUCTS AND THAT THE DIFFERENCE BETWEEN THE TWO PRICE LEVELS IS EXPRESSED BY THE ACCESSION COMPENSATORY AMOUNT ;
WHEREAS ACCESSION COMPENSATORY AMOUNTS , FIXED COMPONENTS AS REFERRED TO IN ARTICLE 61 OF THE ACT OF ACCESSION ( 5 ) , IMPORT CHARGES , EXPORT REFUNDS AND ALL OTHER AMOUNTS CHARGED OR GRANTED IN UNITS OF ACCOUNT IN RESPECT OF TRADE WITH THIRD COUNTRIES ARE , LIKE THE PRICES IN THE MEMBER STATES CONCERNED , CONVERTED INTO THE CURRENCIES OF THOSE MEMBER STATES BY APPLYING THE EXCHANGE RATES PROVIDED FOR UNDER THE COMMON AGRICULTURAL POLICY ; WHEREAS , THEREFORE , IN CALCULATING THE MONETARY COMPENSATORY AMOUNT ONLY THE DIFFERENCE BETWEEN THE PRICE LEVEL AND THE AMOUNT IN QUESTION EXPRESSED IN UNITS OF ACCOUNT NEED BE TAKEN INTO CONSIDERATION ; WHEREAS , IN ORDER TO SIMPLIFY THE SYSTEM SO THAT THE SAME COMPENSATORY AMOUNT MAY BE APPLIED IN RESPECT OF THE TRADE OF A GIVEN MEMBER STATE WITH EVERY OTHER MEMBER STATE AND WITH THIRD COUNTRIES , ACCESSION COMPENSATORY AMOUNTS , FIXED COMPONENTS , IMPORT CHARGES , EXPORT REFUNDS AND ALL OTHER AMOUNTS CHARGED OR GRANTED IN RESPECT OF TRADE WITH THIRD COUNTRIES SHOULD BE CORRECTED BY A COEFFICIENT EXPRESSING THE POSITION OF THE CURRENCY OF THE MEMBER STATE WHICH IS TO APPLY THE MONETARY COMPENSATORY