CELEX: 51980PC0006
Language: en
Date: 1980-01-14
Title: Measures to be taken in application of Article 20 § 5 of the Council Decision of 29 June 1976 on the association of the overseas countries and territories with the European Economic Community concerning the System for Stabilization of Export Earnings (Stabex) (Communication from the Commission to the Council)#DRAFT COUNCIL DECISION of on the implementation of Article 20(5) of Decision 76/568/EEC on the association of the overseas countries and territories with the European Economic Community (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (80) 6
Vol. 1980/0002
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                              COM(80)6 final
                                                              Brussels - 14 January 1980
Measures to be taken in application of Article 20 § 5 of the Council
Decision of 29 June 1976 on the association of the overseas countries
                                 »
and territories with the European Economic Community concerning the
        System for Stabilization of Export Earnings ( Stabex )
           ( Communication from the Commission to the Council )
                          DRAFT COUNCIL DECISION
                          of
on the implementation of Article 20(5 ) of Decision 76/ 568 / EEC on the
association of the overseas countries and territories with the
                        European Economic Community*^
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 ---pagebreak---                                          - 2 -
  1 . In Article 20 S 5 , the Council Decision of 29 June 1976 on the association .
      of the overseas countries and territories with the European Economic Commu­
      nity ( hereinafter referred to as the " Deci sion")' provides that before the
      expiry of this Decision , the Council shall decide , on the one hand , upon
      the. al location of any balances remairiings from the total funding available
      to cover the obligations of the Community under the system for stabilization
      of export earnings ( Stabex ), set up by this Decision , as well as , on the
      other hand , upon the conditions governing the allocation of the amounts
      remaining due under Article 23 of this Decision , concerning contributions
      to the reconstitution of the resources made available to the Stabex system .
, 2 . Concerning any balances remaining , it is impossible , at present , to fore­
      cast if the operations concerning the year of application 1979 , which will
      take place from 1 April 1980 onwards , will leave such balances , and , if
      this is the case , what will be their magnitude .
      Consequently , the decision taken by the Council can consist only of a deci­
      sion in principle of which the practical effect will be dependent on the
      outcome of certain possibilities .
  3 . Taking account of this difficulty in forecasting , the Commission proposes
      that any balances are made available for the financing of projects and
      programme aid , as is the case for other over-funding in the 4th EDF .
  4 . As for the amounts remaining to Tse paid by countries and territoires under
      Article 23 of the Decision , the probability of reconstitution . and the con­
      sequent amounts will remain equally unknown at the time of the expiry of
      the Decision . Article 23 § 2 of this Decision stipulates that the relevant
      authority of the countries and territories concerned which have benefitted
      from a transfer shall contribute , during the five years following the
      payment of each transfer , to the reconstitution of the resources made
      available to the system . It will thus only be at the beginning of 1985
      that the Commission w^ill be in a position to observe , for the last time ,
      on the basis of the 1984 figures , if a transfer4 made under the 1979 opera­
      tion will give rise , completely or partially , to a reconstitution of
      resources .
  6 . In order to remain faithful to the idea of " revolving funds ", an idea which
      is one of the essential foundations of the Stabex system , and which reflects
      the letter and the spirit of Article 23 of the Decision , the Commission
      proposes that the Council take the decision that the resources to be paid
      back into the system under Articte 23 of the Decision will be added , as
      and when they are made available , to the resources available to the Stabex
      system set up by the future Council Decision on the association of the -
      overseas countries and territories with the European Economic Community .
                                           ι
 ---pagebreak---                                      - 3 -                    ANNEX
                            DRAFT COUNCIL DECISION
on the implementation of Article 20(5 ) of Decision 76/ 568 / EEC on the
association of the overseas countries and territories with the European
                              Economic Community
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to Council Decision 76/ 568/ EEC of 29 June 1976 on the
association of the 1 overseas countries and territories with the European
Economic Community , and in particular Article 20(5 ) thereof ;
Whereas that Article calls for a decision before the expiry of the said
Deci sion ;
Whereas at the moment this decision must be adopted , the amounts referred
to in Article 20(5 ) of the said Decision cannot be known ;
HAS DECIDED AS FOLLOWS    :
                                    Article 1
If , after termination of operations relating to the final year of
application of the system of stabilization of export earnings set up by
the Decision 76/ 568/ EEC , there is a remaining balance from the total
funding mentioned in Article 20(1 ) of the said Decision , this remaining
balance shall be used to finance projects and action programmes .
                                    Article 2
If , during the period mentioned in Article 23(2 ) of the said Decision
76/ 568/ EEC , payments are made by the competent authorities of the overseas
countries and territories concerned under the reconstitution of the
resources made available to the system by the Community , the amounts thus
repaid shall be added to the amount made available to the system of
stabilization of export earnings under the future Council Decision on the
association of the overseas countries and territories with the European
Economic Community .
     No L 176, 1.7.1976, p. 8 .