CELEX: 31988R0460
Language: en
Date: 1988-02-19 00:00:00
Title: Commission Regulation (EEC) No 460/88 of 18 February 1988 fixing the export refunds on malt

No L 46/28                                Official Journal of the European Communities                                  19 . 2. 88
                                      COMMISSION REGULATION (EEC) No 460/88
                                                       of 18 February 1988
                                               fixing the export refunds on malt
THE COMMISSION OF THE EUROPEAN                                      specific criteria to be taken into account when the refund
COMMUNITIES,                                                        on these products is being calculated ;
Having regard to the Treaty establishing the European               Whereas it follows from applying these detailed rules to •
Economic Community,                                                 the present situation on the market in products processed
                                                                    from cereals and rice that the export refund should be
                                                                    fixed at an amount which will cover the difference
Having regard to the Act of Accession of Spain and                  between Community prices and world market prices ;
Portugal,
                                                                    Whereas the world market situation or the specific
Having regard to Council Regulation (EEC) No 2727/75                 requirements of certain markets may make it necessary to
of 29 October 1975 on the common organization of the                vary the refund for certain products according to destin­
                                                                     ation :
market in cereals ('), as last amended by Regulation (EEC)
No 3989/87 (2), and in particular the fourth subparagraph
of Article 16 (2) thereof,
                                                                    Whereas, if the refund system is to operate normally,
                                                                     refunds should be calculated on the following basis :
Having regard to the opinion of the Monetary Committee,
                                                                    — in the case of currencies which are maintained in rela­
                                                                         tion to each other at any given moment within a band
Whereas Article 16 of Regulation (EEC) No 2727/75                        of 2,25 % , a rate of exchange based on their central
provides that the difference between quotations or prices                rate, multiplied by the corrective factor provided for in
on the world market for the products listed in Article 1 of            , the last paragraph of Article 3 (1 ) of Council Regula­
those Regulations and prices for those products within                   tion (EEC) No 1676/85 (*), as last amended by Regula­
the Community may be covered by an export refund ;                       tion (EEC) No 1636/87 0,
                                                                     — for other currencies, an exchange rate based on the
                                                                         arithmetic mean of the spot market rates of each of
Whereas Article 2 of Council Regulation (EEC) No                         these currencies recorded for a given period in rela­
2746/75 of 29 October 1975 laying down general rules for                 tion to the Community currencies referred to in the
granting export refunds on cereals and criteria for fixing               previous indent and the aforesaid coefficient ;
the amount of such refunds (3), provides that when
refunds are being fixed account must be taken of the
existing situation and the future trend with regard to
                                                                     Whereas, following the introduction of the combined
prices and availabilities of cereals on the Community
market on the one hand and prices for cereals and cereal             nomenclature'      by   Council     Regulation   (EEC)     No
                                                                     2658/87 (8), the nomenclature applicable from 1 January
products on the world market on the other ; whereas the
                                                                     1988 to export refunds on agricultural products was
same Article provides that it is also important to ensure            established by Regulation (EEC) No 3846/87 (9) ;
equilibrium and the natural development of prices and
trade on cereal markets and, furthermore, to take into
account the economic aspect of the proposed exports, and
the need to avoid disturbances on the Community                      Whereas the refund must be fixed once a month ;
market ;                                                             whereas it may be altered in the intervening period ;
Whereas Council Regulation (EEC) No 2744/75 of 29                    Whereas, pursuant to Article 275 of the Act of Accession
October 1975 on the import and export system for                     of Spain and Portugal, refunds may be granted in the case
products processed from cereals and from rice (4), as last           of exports to Portugal ; whereas, in the light of the situa­
amended by Regulation (EEC) No 1906/87 (5), defines the              tion and the level of prices no refund should be fixed in
                                                                     the case of exports to Portugal ;
(') OJ No  L 281 , 1 . 11 . 1975, p. 1 .
0   OJ No  L 377,  31 . 12. 1987, p. 1 .                             i6) OJ No L 164, 24. 6. 1985, p. 1 .
(3) OJ No  L 281 , 1 . 11 . 1975, p. 78 .                            0 OJ No L 153, 13. 6. 1987, p. 1 .
(4) OJ No  L 281 , 1 . 11 . 1975, p. 65.                             (8) OJ No L 256, 7. 9. 1987, p. 1 .
0   OJ No  L 182,  3. 7. 1987, p. 49.                                0 OJ No L 366, 24. 12. 1987, p. 1 .
 ---pagebreak--- 19. 2. 88                            Official Journal of the European Communities                        No L 46/29
Whereas the Management Committee for Cereals has not           The refund on export to Portugal has not been fixed.
delivered an opinion within the time limit set by its
Chairman,
HAS ADOPTED THIS REGULATION :
                                                                                      Article 2
                        Article 1
The export refunds on malt listed in Article 1 (d) of Regu­
lation (EEC) No 2727/75 subject to Regulation (EEC) No         This Regulation shall enter into force on 19 February
2744/75 shall be as set out in the Annex hereto.                1988 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 18 February 1988 .
                                                                       For the Commission
                                                                        Frans ANDRIESSEN
                                                                           Vice-President
                                                          ANNEX
                 to die Commission Regulation of 18 February 1988 fixing the export refunds on malt
                                                                                 (ECU/ tonne)
                                         Product code                    Refund
                             1107 10 19 000                              117,00
                             1107 10 99 000                              170,00
                             1107 20 00 000                              200,00