) NO 652/79 OF 29 MARCH 1979 ON THE IMPACT OF THE EUROPEAN MONETARY SYSTEM ON THE COMMON AGRICULTURAL POLICY ( 6 ) , AS AMENDED BY REGULATION ( EEC ) NO 1264/79 ( 7 ) , INTRODUCED THE ECU INTO THE COMMON AGRICULTURAL POLICY ; WHEREAS , SINCE THAT TIME , PURSUANT TO EXISTING PROVISIONS , THE ECU HAS BEEN TAKEN INTO ACCOUNT IN THE FIXING OF AMOUNTS RELATING TO :
- THE APPLICATION OF THE COMMON AGRICULTURAL POLICY ,
- THE SPECIAL TRADE ARRANGEMENTS FOR GOODS RESULTING FROM THE PROCESSING OF AGRICULTURAL PRODUCTS ;
WHEREAS THE PERIOD OF VALIDITY OF THE AFORESAID REGULATION WAS LIMITED TO 31 MARCH 1980 ; WHEREAS IT HAS NOT BEEN POSSIBLE FOR A PROLONGATION OF THOSE ARRANGEMENTS , PROPOSED BY THE COMMISSION , TO BE ADOPTED IN TIME BY BY THE COUNCIL ; WHEREAS , IN ORDER TO AVOID A BREAK IN THE ARRANGEMENTS RESULTING , IN PARTICULAR , IN ALTERATIONS IN THE LEVEL OF PRICES AND OF OTHER AMOUNTS IN NATIONAL CURRENCY , IT APPEARS NECESSARY , IN THE MANIFEST PUBLIC INTEREST , AS A PRECAUTIONARY MEASURE AND PENDING A FINAL DECISION ON THE MATTER BY THE COUNCIL , TO CONTINUE THE APPLICATION OF THE ARRANGEMENTS IN THEIR PRESENT FORM ;
WHEREAS , IF THE REFUND SYSTEM IS TO OPERATE NORMALLY , REFUNDS SHOULD BE CALCULATED ON THE FOLLOWING BASIS :
- IN THE CASE OF CURRENCIES WHICH ARE MAINTAINED IN RELATION TO EACH OTHER AT ANY GIVEN MOMENT WITHIN A BAND OF 2,25 % , A RATE OF EXCHANGE BASED ON THEIR EFFECTIVE PARITY ;
- FOR OTHER CURRENCIES , AN EXCHANGE RATE BASED ON THE ARITHMETIC MEAN OF THE SPOT MARKET RATES OF EACH OF THESE CURRENCIES RECORDED FOR A GIVEN PERIOD IN RELATION TO THE COMMUNITY CURRENCIES REFERRED TO IN THE PREVIOUS INDENT ;
WHEREAS IT FOLLOWS FROM APPLYING THE DETAILED RULES SET OUT ABOVE TO THE PRESENT SITUATION ON THE MARKET IN CEREALS , AND IN PARTICULAR TO QUOTATIONS OR PRICES FOR THESE PRODUCTS WITHIN THE COMMUNITY AND ON THE WORLD MARKET , THAT THE REFUNDS SHOULD BE AS SET OUT IN THE ANNEX HERETO ;
WHEREAS THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR CEREALS ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
THE EXPORT REFUNDS ON THE PRODUCTS LISTED IN ARTICLE 1 ( A ) , ( B ) AND ( C ) OF REGULATION ( EEC ) NO 2727/75 , EXPORTED IN THE NATURAL STATE , SHALL BE AS SET OUT IN THE ANNEX HERETO .
ARTICLE 2
THIS REGULATION SHALL ENTER INTO FORCE ON 25 APRIL 1980 .
THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .
DONE AT BRUSSELS , 24 APRIL 1980 .
FOR THE COMMISSION
FINN GUNDELACH
VICE-PRESIDENT
( 1 ) OJ NO L 281 , 1 . 11 . 1975 , P . 1 .
( 2 ) OJ NO L 188 ,