CELEX: 51974PC0884
Language: en
Date: 1974-06-19
Title: Proposal for a REGULATION (EEC) OF THE COUNCIL amending Regulation (EEC) No 1968/73 laying down general rules to be applied in the event of the cereals market being disturbed (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
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DOCUMENTS "COM"
COM (74) 884
Vol. 1974/0135
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                            COM(74)884 final
                                            Brussels , 19 June 1974
                                 Proposal for a
                        REGULATION ( EEC ) OF THE COUNCIL
                amending Regulation ( EEC ) No 1968/ 73 laying down
                 general rules to "be applied in the event of the
                        cereals market "being disturbed
                   ( submitted to the Council "by the Commission)
   COK(74 ) 8C4 final
 ---pagebreak---                            EXPIRATORY STATE!IElfr
In its draft Regulation entitled " amending Regulation Ho 120/ 67/ESC on the
conimon organisation of the market in cereali;" the Commission proposed , inter
alia , an amendment of Article 19 • There it was proposed to base the triggering
of measures ( to be taken in case of disturbance on the market ) on prices which
conformed more closely to the aim of Article 19 t instead of considering the
c.i.f . price and the threshold price .
The intervention price and the quotations or prices on the world market viere
considered more suited to this purpose * The amendment of Article 19 necessi­
tates a corresponding change in Council Regulation (EEC ) ITo 1968/73 ? this
change is the principal aim of the attached draft Regulation .
 ---pagebreak---                             Proposai far a
                   REGULATTOK (EEC) 0^ THE COUHCIL . .
        amending Regulation (EEC ) No 19^8/73 laying down general rules
        to be applied in the event of the cereals market being distur­
                                          bed
THE COUNCIL OP THE EUROPEAN COI MU1TITIE3 ,
Having regard to the Treaty establishing the European Economic Community!
Having regard to Council Regulation No 120/67/EEC           of 13 June I967 » on
the common organisatr. on of the market in cereals , as last amended "by Regu­
lation (EEC) No         /74 ^       and in particular Article 19(2) thereof|
Having regard to the proposal from the Commission;
Whereas Article 1 of Council Regulation (EEC ) No 1963/73          of 19 July 1973j
laying down general rules to be applied in the event of the cereals market
being disturbed , as last amended by Regulation (EI/.' ) No 676/74        ^xes
in particular the criteria xvhich must be met in order to trigger the measures
provided for in the event of the market being disturbed ; whereas the amendment
of Article 19 of Regulation No 120/f7 /'E3C as provided for in Regulation (EEC )
             ( 5. »)
No       /74         ne oesri":ates a corresponding change in the provisions of the
afore-mentioned Article I5
HAS ADOPTED THIS REGULATION :
                                      Article 1
Article 1 of Regulation (EEC ) No 1968/73 is replaced by the following !
"1 . Within the meaning of Article 19 of Regulation No I20/67/SEC , a signi­
       ficant excess over the intervention price shall exist when quotations
       or prices on the world market exceed the intervention price applicable
       at the ports or e::it points for surplus areas of the Community by at
       least two per cent .
  2 . This excess shall be regarded as being likely to continue where an im­
       balance between supply and demand is established and where this imba­
       lance is likely to persist , having regard to forseeable production and
       market price trends .
(1)   OJ No 117 , 19 . 6.1967 , p. 2269/67 .
(2)   x Draft Regulation "amending Regulation No I20/67/ESC on the common orga­
        nisation of the market in cereals ."
( 3)  OJ No L 201 , 21 . 7.1973 , p. 10 .
( 4)  OJ No L 33 f 28 . 3.1974 » P * 3.            (* a) Regulation cited in footnote 2 .
 ---pagebreak---  3.  The Connunity uarket shall be remarried as "beirig disturbed as a result
     of the situation referred to in paragraphs 1 and 2 , where international
     trade prices are so high as to inpede importation of products mentioned
     in Article 2 of Regulation Ho 120/57/SEC into the Comir,unity , or provoke
     exportation of such products froiu the Community , such as to put at risk
     the stability of the market or the security of supplies ,"
                                Article 2
This Regulation shall enter into force on the third day following its publi­
cation in the Official Journal of the European Connunities .
This Regulation shall be binding in its entirety and directly applicable
in all Ileraber St at 33 .
Bone at Brussels ,                                 For the Council
                                                    The President