III B ) 1 BB ) , COMMUNITY PARTICIPATION IN INTERNATIONAL TRADE MAY BE ENSURED BY GRANTING A REFUND WHICH TAKES ACCOUNT OF THE REFUND HITHERTO GRANTED TO EXPORTERS ;
WHEREAS , IN THE CASE OF OTHER BEEF AND VEAL PRODUCTS , A REFUND NEED NOT BE FIXED SINCE COMMUNITY PARTICIPATION IN WORLD TRADE IN THESE PRODUCTS IS NOT SIGNIFICANT ;
WHEREAS COUNCIL REGULATION ( EEC ) NO 652/79 OF 29 MARCH 1979 ON THE IMPACT OF THE EUROPEAN MONETARY SYSTEM ON THE COMMON AGRICULTURAL POLICY ( 5 ) , AS AMENDED BY REGULATION ( EEC ) NO 1264/79 ( 6 ) , 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 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 THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR BEEF AND VEAL ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
THE LIST OF PRODUCTS ON WHICH THE EXPORT REFUND REFERRED TO IN ARTICLE 18 OF REGULATION ( EEC ) NO 805/68 IS GRANTED AND THE AMOUNT OF THAT REFUND SHALL BE AS SET OUT IN THE ANNEX HERETO .
ARTICLE 2
THIS REGULATION SHALL ENTER INTO FORCE ON 16 APRIL 1980 .
THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .
DONE AT BRUSSELS , 14 APRIL 1980 .
FOR THE COMMISSION
FINN GUNDELACH
VICE-PRESIDENT
( 1 ) OJ NO L 148 , 28 . 6 . 1968 , P . 24 .