CELEX: 31988R0595
Language: en
Date: 1988-03-04 00:00:00
Title: Commission Regulation (EEC) No 595/88 of 3 March 1988 fixing the monetary coefficient applicable on imports of dried grapes

No L 59/ 10                           Official Journal of the European Communities                                4. 3. 88
                                    COMMISSION REGULATION (EEC) No 595/88
                                                      of 3 March 1988
                      fixing the monetary coefficient applicable on imports of dried grapes
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      subsequently, on the first Monday of the months of
                                                                 November, January, March, May and July ;
 Having regard to the Treaty establishing the European
 Economic Community,                                             Whereas Commission Regulation (EEC) No 21 84/87 (4),
                                                                 fixes the minimum import price applicable to dried
                                                                 grapes during the marketing year 1987/88 as well as the
                                                                 countervailing charges to be imposed where that price is
 Having regard to Council Regulation (EEC) No 426/86 of          not observed ; whereas the import prices as set out in
24 February 1986 on the common organization of the               Annex II of that Regulation are calculated as specific
market in products processed from fruit and vegetables ('),      percentages of the minimum import price ; whereas as a
as last amended by Regulation (EEC) No 3909/87 (2), and          result the monetary coefficient should apply both to the
in particular Article 9(6) thereof,                              minimum import prices and the import prices,
Having regard to Commission Regulation (EEC) No
2237/85 of 30 July 1985 laying down detailed rules for           HAS ADOPTED THIS REGULATION :
the application of the minimum import price system for
dried grapes (3), and in particular Article 4 thereof,                                       Article 1
Whereas Article 4(1 ) of Regulation (EEC) No 2237/85             After having converted the minimum import prices and
provides that the Commission shall fix ^ monetary coeffi­        the import prices as set out in Annexes I and II of
cient equal to the real monetary gap between the agricul­        amended Regulation (EEC) No 2184/87 into one of the
tural conversion rate for the currency of a Member State         following national currencies by applying the agricultural
and the central rate, or, where applicable, the market rate      conversion rate, the resulting amount shall be multiplied
when that gap is equal to or more than 2,5 percentage            by the following coefficient :
points ;                                                              for the Greek drachma :                         1,438
Whereas there is a mistake in the coefficient for the                 for the pound sterling :                        1,200
pound sterling for the preceding two periods ; whereas                for the Portuguese escudo :                     1,109
account should be taken of that situation for the future              for the French franc :                          1,050
and the correct basis for calculation should accordingly be           for the Irish pound :                           1,051
reestablished ;                                                       for the Italian lira :                          1,050
Whereas Article 4(2) of Regulation (EEC) No 2237/85                                          Article 2
provides that the monetary coefficient shall be fixed
before the commencement of the marketing year and,               This Regulation shall enter into force on 7 March 1988.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                  Done at Brussels, 3 March 1988 .
                                                                           For the Commission
                                                                            Frans ANDRIESSEN
                                                                               Vice-President
(') OJ No L 49, 27. 2. 1986, p. 1 .
0 OJ No L 370, 30. 12. 1987, p. , 20.
(3) OJ No L 209, 6. 8. 1985, p. 24.                              (4) OJ No L 203, 24. 7. 1987, p. 16.