CELEX: 31988R4126
Language: en
Date: 1988-12-29 00:00:00
Title: Commission Regulation (EEC) No 4126/88 of 28 December 1988 fixing the monetary coefficient applicable on imports of dried grapes

29 . 12. 88                            Official Journal of the European Communities                           No L 361 /47
                                      COMMISSION REGULATION (EEC) No 4126/88
                                                    of 28 December 1988
                        fixing the monetary coefficient applicable on imports of dried grapes
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      countervailing charges to be imposed where that price is
                                                                  not observed ; whereas the import prices as set out in
 Having regard to the Treaty establishing the European
                                                                  Annex II of that Regulation are calculated as specific
 Economic Community,
                                                                  percentages of the minimum import price ; whereas as a
                                                                  result the monetary coefficient should apply both to the
 Having regard to Council Regulation (EEC) No 426/86 of           minimum import prices and the import prices,
 24 February 1986 on the common organization of the
 market in products processed from fruit and vegetables ('),
 as last amended by Regulation (EEC) No 2247/88 (2), and          HAS ADOPTED THIS REGULATION :
 in particular Article 9 (6) thereof,
 Having regard to Commission Regulation (EEC) No                                            Article 1
 2237/85 of 30 July 1985 laying down detailed rules for
 the application of the minimum import price system for           After having converted the minimum import prices and
 dried grapes (3), and in particular Article 4 thereof,           the import prices as set out in Annexes I and II of Regu­
Whereas Article 4(1 ) of Regulation (EEC) No 2237/85              lation (EEC) No 2303/88 into one of the following
 provides that the Commission shall fix a monetary coeffi­        national currencies by applying the agricultural . conver­
 cient equal to the real monetary gap between the agricul­        sion rate, the resulting amount shall be multiplied by the
 tural conversion rate for the currency of a Member State         following coefficient :
 and the central rate, or, where applicable, the market rate      — for the Greek drachma :                1,298
 when that gap is equal to or more than 2,5 percentage
 points ;                                                         — for the pound sterling :               1,074
                                                                  — for the French franc :                 1.050
 Whereas Article 4(2) of Regulation (EEC) No 2237/85
 provides that the monetary coefficient shall be fixed            — for the Irish pound :                  1.051
 before the commencement of the marketing year and,               — for the Italian lira :                 1,025
 subsequently, on the first Monday of the months of               — for the Spanish peseta :               0,970
 November, January, March, May and July ;
Whereas Commission Regulation (EEC) No 2303/88 (4)                                          Article 2
 fixes the minimum import price applicable to dried
grapes during the marketing year 1988/89 as well as the           This Regulation shall enter into force on 2 January 1989.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 28 December 1988 .
                                                                           For the Commission
                                                                             Frans ANDRIESSEN
                                                                                Vice-President
(') OJ  No  L 49, 27. 2. 1986, p. 1 .
(2) OJ  No  L 198, 26. 7. 1988, p. 21 .
O   OJ  No  L 209, 6. 8. 1985, p. 24.
(4) OJ  No  L 201 , 27. 7. 1988, p. 43.