CELEX: 31988R2688
Language: en
Date: 1988-08-31 00:00:00
Title: Commission Regulation (EEC) No 2688/88 of 30 August 1988 fixing the export refunds on olive oil

31 . 8 . 88                             Official Journal of the European Communities                              No L 240/31
                                    COMMISSION REGULATION (EEC) No 2688/88
                                                      of 30 August 1988
                                            fixing the export refunds on olive oil
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        Whereas the amount of the refund may not exceed the
                                                                   difference between the price of olive oil in the Commu­
                                                                   nity and that on the world market, adjusted, where appro­
Having regard to the Treaty establishing the European              priate, to take account of export costs for the products on
Economic Community,                                                the world market ;
Having regard to the Act of Accession of Spain and
Portugal,                                                          Whereas, in accordance with Article 5 of Regulation
                                                                   (EEC) No 1650/86, it may be decided that the refund
                                                                   shall be fixed by tender ;
 Having regard to Council Regulation No 136/66/EEC of
22 September 1966 on the establishment of a common
organization of the market in oils and fats ('), as last           Whereas the tendering procedure should cover the
 amended by Regulation (EEC) No 2210/88 (2),                       amount of the refund and may be limited to certain coun­
                                                                   tries of destination, quantities, qualities and presenta­
 Having regard to Council Regulation (EEC) No 1650/86              tions ;
 of 26 May 1986 on export refunds and levies on olive
 oil (3), and in particular the first sentence of Article 3 (1 )
 thereof,                                                          Whereas the second indent of Article 2 of Regulation
                                                                   (EEC) No 1650/86 provides that the refund on olive oil
                                                                    may be varied according to destination where the world
 Having regard to the opinion of the Monetary Committee,            market situation or the specific requirements of certain
                                                                    markets make this necessary ;
 Whereas Article 20 of Regulation No 136/66/EEC
 provides that, where prices within the Community are
 higher than world market prices, the difference between            Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86
 these prices may be covered by a refund when olive oil is          provides that the refund must be fixed at least once every
 exported to third countries ;                                      month ; whereas it may, if necessary, be altered in the
                                                                    intervening period ;
 Whereas the detailed rules for fixing and granting export
  refunds on olive oil are contained in Regulations (EEC)
  No 1650/86 and (EEC) No 616/72 (4), as last amended by            Whereas it follows from applying these detailed rules to
  Regulation (EEC) . No 2962/77(0 ;                                 the present situation on the market in olive oil and in
                                                                    particular to olive oil prices within the Community and
                                                                    on the markets of third countries that the refund should
  Whereas the first indent of Article 2 of Regulation (EEC)         be as set out in the Annex hereto ;
  No %1 650/86 provides , that the refund must be the same
  for the whole Community ;
                                                                    Whereas, if the refund system is to operate normally,
  Whereas, in accordance with Article 4 of Regulation               refunds should be calculated on the following basis :
  (EEC) No 1650/86, the refund for olive oil must be fixed
  in the light of the existing situation and outlook in rela­       — in the case of currencies which are maintained in rela­
  tion to olive oil prices and availability on the Community             tion to each other at any given moment within a band
  market and olive oil prices on the world market ;                      of 2,25 %, a rate of exchange based on their central
                                                                         rate, multiplied by the corrective factor provided for in
  Whereas, however, where the world market situation is                  the last paragraph of Article 3 (1 ) of Council Regula­
  such that the most favourable olive oil prices cannot be               tion (EEC) No 1676/85 (6), as last amended by Regula­
                                                                         tion (EEC) No 1636/87 0 ;
  determined, account may be taken of the price of the
   main competing vegetable oils on the world market and            — for other currencies, an exchange rate based on the
   the difference recorded between that price and the price              arithmetic mean of the spot market rates of each of
   of olive oil during a representative period ;                          these currencies recorded over a given period in rela­
                                                                          tion to the Community currencies referred to in the
   (') OJ No 172, 30. 9. 1966, p. 3025/66.                                previous indent, and the aforesaid coefficient ;
   0 OJ No L 197, 26. 7. 1988, p. 1 .
   (3) OJ No L 145, 30. 5. 1986, p. 8.
   (4) 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.                               f) OJ No L 153, 13. 6. 1987, p. 1 .
                    I
 ---pagebreak--- No L 240/32                                 Official Journal of the European Communities                                    31 . 8 . 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 .
                                                                                                       Article 2
Whereas the measures provided for in this Regulation are
in accordance with the opinion of the Management                             This Regulation shall enter into force on 1 September
Committee for Oils and Fats,                                                 1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 30 August 1988 .
                                                                                      For the Commission
                                                                                       Frans ANDRIESSEN
                                                                                          Vice-President
                                                                     ANNEX
                to the Commission Regulation of 30 August 1988 fixing the export refunds on
                                                                     olive oil
                                                                                                              (ECU/100 kg)
                                        Product code                                    Amount of refund (')
                                      1509 10 90 100                                           55,44
                                      1509 10 90 900                                          102,85
                                      1509 90 00 100                                           58,35
                                      1509 90 00 900                                          108,00
                                      1510 00 90 100                                           13,50
                                      1510 00 90 900                                           54,50
                (') 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.
                NB : The product codes and the footnotes are defined in Regulation (EEC) No 3846/87 as amended.