CELEX: 51987PC0073
Language: en
Date: 1987-02-27
Title: Proposal for a COUNCIL REGULATION (EEC) amending Regulation (EEC) No 1676/85 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (presented by the Commission)

ARCHIVES HISTORIQUES
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COM (87) 73
Vol. 1987/0030
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 ---pagebreak---       COMMISSION OF THE EUROPEAN COMMUNITIES
                                                    COM(87 ) 73 final
                                                    Brussels , 27 February 1987
i
                                       Proposal for a
                                  COUNCIL REGULATION ( EEC )
               amending Regulation ( EEC ) No 1676 / 85 on the value of the
                unit of account and the conversion rates to be applied
                   for the purposes of the common agricultural policy
  I
    !
                              ( presented by the Commission )
      C0M(87 ) 73 final
 ---pagebreak---                                        г
                                EXPLANATORY MEMORANDUM
1. When Regulation ( EEC ) No 652 / 79 ( OJ No L 84 , 4.4.1979 , p.l ) introduced the
   ECU as unit of account for common agricultural policy purposes it did so
   only provisionally . The second paragraph of Article 5 of the Regulation
   set a time limit on the new arrangement . The terminal date has been
   altered on a number of occasions , on the last occasion being changed by
   Regulation ( EEC ) No 3657 / 84 ( OJ No L 340 , 28.12.1984 , p.9 ) to 31 March
   1987 .
   When the agri-monetary arrangements were codified in 1985 this date was
   again laid down in Article 15 of Regulation ( EEC ) No 1676 / 85 ( OJ No L 164 ,
   24.6.1985 , p.l ) fixing the ECU as the agricultural unit of account .
2. The preamble to Regulation ( EEC ) No 3657 / 84 stated that the use of the ECU
   for fixing prices and other amounts applicable to agricultural products
   and products derived therefrom had proved a useful instrument for the
   management of the common agricultural policy and that this positive
   experience argued in favour of its continued use .
   Expérience since then has made this assessment even more valid .
   The date for termination of the use of the ECU should therefore be deleted
   from the Regulation and its use as agricultural unit of account thus made
   permanent .
3. This is the substance of the present proposal .
 ---pagebreak---                                   Proposal for a
                             COUNCIL REGULATION ( EEC )
                            amending Regulation ( EEC ) No 1676 / 85
            on the value of the unit of account and the conversion rates
          to be applied for the purposes of the common agricultural policy
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community , and
in particular Article 43 thereof ,
Having regard to the proposal from the Commission ( 1 ),
Having regard to the opinion of the European Parliament ( 2 ),
Whereas Article 1(1 ) of Council Regulation ( EEC ) No 1676 / 85 ( 3 ) stated that the unit
account to be used in the legal instruments relating to the common
agricultural policy was to be the ECU as defined by Council Regulation ( EEC )
No 3180 / 78 of 18 December 1978 changing the value of the unit of account used
by the European Monetary Cooperation Fund ( 4 ), as last amended by Regulation
( EEC ) No 2626 / 84 ( 5 ); whereas however Article 15(2 ) of Regulation ( EEC )
No 1676 / 85 stated that the said Article 1(1 ) was to be valid until 31 March
1987 only ;
Whereas on the basis of the functioning of the agri-monetary arrangements
since the introduction of the ECU as agricultural unit of account/ that
 time limit may now be abandoned ,
(1)
(2)
( 3 ) OJ No L 164 , 24 . 6.1985 , P·    1.
( 4 ) OJ No L 179 , 30.12.1978 , P·     1.
( 5 ) OJ No L 247 , 16 . 9.1984 , P·    1.
 ---pagebreak--- HAS ADOPTED THIS REGULATION :
                                       Article 1
Article 15(2 ) of Regulation ( EEC ) No 1676 / 85 is hereby deleted .
                                       Article 2
This Regulation shall enter into force on the day of its publication in the
Official Journal of the European Communities .
       This Regulation shall be binding in its entirety and directly
       applicable in all Member States .
Done at Brussels ,                   1987 .                  For the Council
 ---pagebreak---                                 5
                      FICHE P.M.E.
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