CELEX: 51988PC0575
Language: en
Date: 1988-10-21
Title: Draft Council Decision reducing the amounts of STABEX transfers calculated pursuant to the Decision of 30 June 1986 on the association of the OCT with the EEC (presented by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (88) 575
Vol. 1988/0195
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                    COM ( 88 ) 575   final
                                                    Brussels , 21 October 1988
                                             Draft
                                     Council Decision
            reducing the amounts of STABEX transfers calculated
              pursuant to the Decision of 30 June 1986
             on the association of the OCT with the EEC
                  ( presented by the Commission )
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I. SUBJBCT
1. Tne purpose of tills communication is to propose that pursuant to
   Article 91(3 ) of the Council Decision of 30 June 1986 on the
   association of the overseas countries and territories with the
   European Economic Gainrtrunity , the Council should reduce the amount of
   the transfer to be made to an overseas territory for the 1987 year of
   application because the amount concerned exceeds the total resources
   available .
2. The resources available for the 1987 year of application are
   600 000 ECU , consisting of the unused balance for that year .
3. Details of the transfer request which has been received for the 1987
   year of application are as follows :
   OCT                 Product            Transfer basis
                                           (Article 94(2) 1
   French Polynesia copra oil             11 595
                                             595 721
                                                 721
4. As the transfer basis of 1 595 721 ECU exceeds the 600 COO ECU
   available it is necessary to resort to the measure laid down in
   Article 91(1 ) of the Council Decision of 30 June 1986 , which allows
   for automatic advance use , for each year except the last , of a maximum
   of 25% of the following year 's instalment . This increases the
   resources available by 200 000 ECU , 25% of the instalment for the 1988
   year of application , to a total of 800 000 ECU . However , this amount
   remains insufficient to cover the system 's commitments for the 1987
   year of application .
5. Therefore the transfer basis must be reduced in accordance with the
   provisions of Article 91(2) which reads as follows :
   " If , after the measure referred to in paragraph 1 , the amount of
   resources available is still less than the total amount of the
   transfer bases for the same year of application , the amount of each
   transfer basis shall be reduced by an amount calculated by applying to
   the reference level in question a percentage equal to that referred to
   in Article 98 applicable to the country or territory concerned . "
1  Article 94(2) reads as follows :
   "The difference between the reference level and actual earnings , plus
   2% for statistical errors and omissions , shall constitute the basis of
   the transfer . "
                                                                            h
 ---pagebreak---   6. On the basis of the calculation described above , the reduced transfer
     basis is as follows :
     OCT                Product           Reduced transfer basis
     French Polynesia copra oil           1 348 954 EOT
  7. The amount payable , 1 348 954 ECU , still exceeds the resources
     available . Article 91(3 ) of the Council Decision of 30 June 1986
     allows the Council , on a proposal from the Commission , to reduce
     further the amounts to be transferred .
;
                                                                            3
 ---pagebreak--- II .  EXPLANATORY MEMORANDUM
8.    The decision which the Counoil is requested to take under
      Article 91(3 ) of the Council Decision of 30 June 1986 must be based on
      the resources available for the 1987 year of application .
9.    It is therefore proposed that the transfer basis be farther reduced in
      accordance with -the percentage difference between the sum due after
      application of Article 91(2) of the above-mentioned Council Decision
      and the resources available (800 000 ECCJ). This difference has been
      calculated to be 40.6948% .
10 .  After this final reduction , the definitive amount to be transferred
      will be the following :
      OCT                Product          Amount.to.be transferred
                                                     ECU
      French Polynesia copra oil                   800 000
III . PROPOSAL
11 .  In the light of the above , the Commission requests the Council to
      adopt the attached proposal for a Decision .
 ---pagebreak---                   PROPOSAL FOR A COUNCIL DECISION OF
on the amount of the transfer to be paid, to French Polynesia under the
export earnings stabilization system for the 1987 year of application in
accordance with Decision 86/ 283/EEC
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ,
Having regard to Council Decision 86/ 283/EEC of 30 June 1986 on the
association of the overseas countries and territories with the European
Economic Community , and in particular Article 91(3 ) thereof ,
Having regard to the proposal from the Commission ,
Whereas pursuant to Articles 88 , 90 and 91 of the above-mentioned Decision ,
a sum of 800 000 ECU is available to cover all the commitments of the
export earnings stabilization system for the 1987 application year for the
overseas countries and territories ;
Whereas French Polynesia has requested a transfer under the system for the
1987 year of application concerning copra oil , and the transfer basis
calculated in accordance with Article 94(2) of the above-mentioned Decision
and reduced in accordance with Article 91(2) of the same Decision is
1 348 954 ECU ;
Whereas the transfer amount of 1 348 954 ECU exceeds the 800 000 ECU
available for the 1987 year of application ;
Whereas it will therefore be necessary to reduce further the transfer basis
by 40.6948% ;
 ---pagebreak--- HAS DECIDED AS FOLLOWS :
                                  Artlolfl 1
The transfer due to French Polynesia to compensate for losses of export
earnings on copra oil during the 1987 year of application, which totals
1 348 954 EOT , shall be reduced by 40.6948% , resulting in a final payment
of 800 000 BCD .
                                  Article 2
This Decision shall enter into force on the day of its adoption .
Done at Brussels ,                        For the Council
                                          The President