CELEX: 31988R0542
Language: en
Date: 1988-03-01 00:00:00
Title: Commission Regulation (EEC) No 542/88 of 29 February 1988 fixing the export refunds on olive oil

1 . 3 . 88                                   Official Journal of the European Communities                               No L 54/ 13
                                         COMMISSION REGULATION (EEC) No 542/88
                                                          of 29 February 1988
                                               fixing the export refunds on olive oil
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                            priate, to take account of export costs for the products on
                                                                       the world market ;
Having regard to the Treaty establishing the European
Economic Community,                                                    Whereas, in accordance with Article 5 of Regulation
                                                                       (EEC) No 1650/86, it may be decided that the refund
Having regard to the Act of Accession of Spain and                     shall be fixed by tender ;
Portugal,
                                                                       Whereas the tendering procedure should cover the
Having regard to Council Regulation No 136/66/EEC of                   amount of the refund and may be limited to certain coun­
22 September 1966 on the establishment of a common                      tries of destination, quantities, qualities and presenta­
organization of the market in oils and fats ('), as last                tions ;
amended by Regulation (EEC) No 3994/87 (2),
Having regard to Council Regulation (EEC) No 1650/86                   Whereas the second indent of Article 2 of Regulation
of 26 May 1986 on export refunds and levies on olive                    (EEC) No 1650/86 provides that the refund on olive oil
oil (3), and in particular the first sentence of Article 3(1 )          may be varied according to destination where the world
thereof,    \                                                           market situation or the specific requirements of certain
                                                                        markets make this necessary ;
Having regard to the opinion of the Monetary Committee,
                                                                        Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86
Whereas Article 20 of Regulation No 136/66/EEC                          provides that the refund must be fixed at least once every
provides that, where prices within the Community are                    month ; \whereas it may, if necessary, be altered in the
higher than world market prices, the difference between                 intervening period ;
these prices may be covered by a refund when olive oil is
exported to third countries ;              '                            Whereas it follows from applying these detailed rules to
                                                                        the present situation on the market in olive oil and in
Whereas the detailed rules for fixing and granting export               particular to olive oil prices within the Community and
refunds on olive oil are contained in Regulations (EEC)                 on the markets of third countries that the refund should
 No 1650/86 and (EEC) No 616/72 (4), as last amended by                 be as set out in the Annex hereto ;
 Regulation (EEC) No 2962/77(0 ;
                                                                        Whereas, following the introduction of the combined­
Whereas the first indent of Article 2 of Regulation (EEC)               nomenclature by Council Regulation (EEC) No
 No 1650/86 provides that the refund must be the same                   2658/87 (*), the nomenclature applicable from 1 January
 for the whole Community ;                                               1988 to export refunds on agricultural products was esta­
                                                                        blished by Regulation (EEC) No 3846/87 f) ;
Whereas, in accordance with Article 4 of Regulation
(EEC) No 1650/86, the refund for olive oil must be fixed
 in the light of the existing situation and outlook in rela­            Whereas, if the refund system is to operate normally,
 tion to olive oil prices and availability on the Community             refunds should be calculated on the following basis :
 market and olive oil prices on the world market ;
                                                                        — in the case of currencies which are maintained in rela­
 Whereas, however, where the world market situation is                       tion to each other at any given moment within a band
 such that the most favourable olive oil prices cannot be                    of 2,25 % , a rate of ^exchange based on their central
 determined, account may be taken of the price of the                        rate, multiplied by the corrective factor provided for in
 main competing vegetable oils on the world market and                       the last paragraph of Article 3 (1 ) of Council Regula­
                                                                              tion (EEC) No 1676/85 (8), as last amended by Regula­
 the difference recorded between that price and the price                     tion (EEC) No 1636/87 f);
 of olive oil during a representative period ;
                                                                        — for other currencies, an exchange rate based on the
 Whereas the amount of the refund may not exceed the                         arithmetic mean of the spot market rates of each of
 difference between the price of olive oil in the Commu­                      these currencies recorded over a given period in rela­
 nity and that on the world market, adjusted, where appro­                    tion to the Community currencies referred to in the
                                                                              previous indent, and the aforesaid coefficient ;
  ') OJ  No   172, 30. 9. 1966, p. 3025/66.
 0   OJ  No   L 377, 31 . 12. 1987, p. 30.                               («) OJ  No  L 256, 7. 9. 1987, p. 1 .
 0   OJ  No   L 145, 30. 5. 1986, p. 8.                                  0   OJ  No  L 366, 24. 12. 1987, p. 1 .
 0   OJ  No   L 78, 31 . 3. 1972, p. 1 .                                  •) OJ  No  L 164, 24. 6. 1985, p. 1 .
 0   OJ  No   L 348, 30. 12. 1977, p. 53.                                 »  OJ  No  L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- No L 54/ 14                                Official Journal of the European Communities                                       1 . 3 . 88
Whereas pursuant to Article 275 of the Act of Accession                      HAS ADOPTED THIS REGULATION :
of Spain and Portugal, refunds may be granted in the case
of exports to Portugal ; whereas, in the light of the situa­                                           Article 1
tion and the level of prices no refund should be fixed in
the case of exports to Portugal ;                                            The export refunds on the products listed in Article 1 (2)
                                                                             (c) of Regulation No 136/66/EEC shall be as set out in
                                                                             the Annex hereto.
Whereas the measures provided for in this Regulation are                                               Article 2
in accordance with the opinion of the Management
Committee for Oils and Fats,                                                 This Regulation shall enter into force on 1 March 1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 29 February 1988 .
                                                                                      For the Commission
                                                                                       Frans ANDRIESSEN
                                                                                          Vice-President
                                                                     ANNEX
                to the Commission Regulation of 29 February 1988 fixing the export refunds on
                                                                     olive oil
                                                                                                              (ECU/100 kg)
                                        Product code                                     Amount of refund (')
                                      1509 10 90 100                                           53,45
                                      1509 10 90 900 "                                         95,00
                                      1509 90 00 100                                           54,90
                                      1509 90 00 900                                          100,60
                                      1509 00 90 100                                           13,50
                                      1509 00 90 900                                           50,00
                (') For destinations mentioned in Article 5 of Commission Regulation (EEC) No 2730/79 (OJ No L 317, 12. 12.
                    1979, p. 1 ), as well as for exports to third countries.