CELEX: 32000R0702
Language: en
Date: 2000-04-03 00:00:00
Title: Commission Regulation (EC) No 702/2000 of 3 April 2000 fixing, for March 2000, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

L 83/8                 EN                       Official Journal of the European Communities                                      4.4.2000
                                            COMMISSION REGULATION (EC) No 702/2000
                                                               of 3 April 2000
               fixing, for March 2000, the specific exchange rate for the amount of the reimbursement of storage
                                                          costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                       the introduction of the agrimonetary arrangements for
Having regard to the Treaty establishing the European                             the euro from that date, the fixing of the conversion rate
Community,                                                                        should be limited to the specific exchange rates
                                                                                  prevailing between the euro and the national currencies
Having regard to Council Regulation (EC) No 2038/1999 of 13                       of the Member States that have not adopted the single
September 1999 on the common organisation of the markets                          currency.
in the sugar sector (1),
                                                                           (2)    Application of these provisions will lead to the fixing,
Having regard to Council Regulation (EC) No 2799/98 of 15                         for March 2000, of the specific exchange rate for the
December 1998 establishing agrimonetary arrangements for                          amount of the reimbursement of storage costs in the
the euro (2),                                                                     various national currencies as indicated in the Annex to
Having regard to Commission Regulation (EEC) No 1713/93 of                        this Regulation,
30 June 1993 establishing special detailed rules for applying
the agricultural conversion rate in the sugar sector (3), as last
amended by Regulation (EC) No 1642/1999 (4), and in partic-                HAS ADOPTED THIS REGULATION:
ular Article 1(3) thereof,
                                                                                                       Article 1
Whereas:
(1)     Article 1(2) of Regulation (EEC) No 1713/93 provides               The specific exchange rate to be used for converting the
        that the amount of the reimbursement of storage costs              amount of the reimbursement of the storage costs referred to
        referred to in Article 8 of Regulation (EC) No 2038/               in Article 8 of Regulation (EC) No 2038/1999 into national
        1999 is to be converted into national currency using a             currency for March 2000 shall be as indicated in the Annex
        specific agricultural conversion rate equal to the average,        hereto.
        calculated pro rata temporis, of the agricultural conversion
        rates applicable during the month of storage; that                                             Article 2
        specific rate must be fixed each month for the previous            This Regulation shall enter into force on 4 April 2000.
        month; however, in the case of the reimbursable
        amounts applying from 1 January 1999, as a result of               It shall apply with effect from 1 March 2000.
                      This Regulation shall be binding in its entirety and directly applicable in all Member States.
                      Done at Brussels, 3 April 2000.
                                                                                       For the Commission
                                                                                          Franz FISCHLER
                                                                                    Member of the Commission
(1) OJ L  252, 25.9.1999, p. 1.
(2) OJ L  349, 24.12.1998, p. 1.
(3) OJ L  159, 1.7.1993, p. 94.
(4) OJ L  195, 28.7.1999, p. 3.
 ---pagebreak--- 4.4.2000         EN                    Official Journal of the European Communities                                   L 83/9
                                                             ANNEX
         to the Commission Regulation of 3 April 2000 fixing, for March 2000, the exchange rate for the amount of the
                                    reimbursement of storage costs in the sugar sector
                                                      Specific exchange rate
                               EUR 1 =       7,44742         Danish kroner
                                           333,843           Greek drachma
                                             8,40289         Swedish kroner
                                             0,611416        Pound sterling