CELEX: 31988R3439
Language: en
Date: 1988-11-05 00:00:00
Title: Commission Regulation (EEC) No 3439/88 of 4 November 1988 fixing the monetary coefficient applicable on imports of dried grapes

5. 11 . 88                             Official Journal of the European Communities                            No L 302/ 11
                                    COMMISSION REGULATION (EEC) No 3439/88
                                                    of 4 November 1988
                       fixing the monetary coefficient applicable on imports of dried grapes
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      grapes during the marketing year 1988/89 as well as the
                                                                 countervailing charges to be imposed where that price is
Having regard to the Treaty establishing the European            not observed ; whereas the import prices as set out in
Economic Community,                                              Annex II of that Regulation are calculated as specific
                                                                 percentages of the minimum import price ; whereas as a
Having regard to Council Regulation (EEC) No 426/86 of           result the monetary coefficient should apply both to the
24 February 1986 on the common organization of the               minimum import prices and the import prices,
market in products processed from fruit and vegetables ('),
as last amended by Regulation (EEC) No 2247/88 (2), and
in particular Article 9(6) thereof,                               HAS ADOPTED THIS REGULATION :
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 :                 1,261
when that gap is equal to or more than 2,5 percentage
points ;                                                         — for the pound sterling :                1,122
                                                                  — for the French franc :                 1,050
Whereas Article 4(2) of Regulation (EEC) No 2237/85              — for the Irish pound :                   1,051
provides that the monetary coefficient shall be fixed
before the commencement of the marketing year and,               — for the Italian lira :                  1,060
subsequently, on the first Monday of the months of
November, January, March, May and July ;                                                    Article 2
Whereas Commission Regulation (EEC) No 2303/88 (4)                This Regulation shall enter into force on 7 November
fixes the minimum import price applicable to dried                1988 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 4 November 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 .
0   OJ  No L 209, 6. 8 . 1985, p. 24.
(<) OJ  No L 201 , 27. 7. 1988, p. 43.