CELEX: 31988R1476
Language: en
Date: 1988-05-31 00:00:00
Title: Commission Regulation (EEC) No 1476/88 of 30 May 1988 fixing the export refunds on olive oil

No L 134/ 17
31 . 5. 88                               Official Journal of the European Communities
                                    COMMISSION REGULATION (EEC) No 1476/88
                                                         of 30 May 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                 Whereas, in accordance with Article 5 of Regulation
 Portugal,
                                                                    (EEC) No 1650/86, it may be decided that the refund
                                                                    shall be fixed by tender ;
 Haying 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 3994/87 (2),                         amount of the refund and may be limited to certain coun­
                                                                     tries of destination, quantities, qualities and presenta­
                                                                     tions ;
 Having regard to Council Regulation (EEC) No 1650/86
 of 26 May 1986 on export refunds and levies on olive
 oil (3), and in particular the first sentence of Article 3 (1 )     Whereas the second indent of Article 2 of Regulation
 thereof,
                                                                     (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               Whereas Article 3 (1 ) of Regulation . (EEC) No 1650/86
  higher than, world market prices, the difference between
  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)             Whereas it follows from applying these detailed rules to
  No 1650/86 and (EEC) No 616/72 (4), as last amended by              the present situation on the market in olive oil and in
  Regulation (EEC) No 2962/77(0 ;                                     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 1650/86 provides that the refund must be the same
   for the whole Community ;
                                                                       Whereas, if the refund system is to operate normally,
                                                                       refunds should be calculated on the following basis :
   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              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
                                                                            the last paragraph of Article 3 (1 ) of Council Regula­
   Whereas, however, where the world market situation is                    tion (EEC) No 1676/85 (6), as last amended by Regula­
    such that the most favourable olive oil prices cannot be                tion (EEC) No . 1636/87 Q ;
    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 ;
    (2) OJ No L 377, 31 . 12. 1987, p. 30.
    (3) OJ No L 145, 30. 5. 1986, p. 8.                                 («) OJ No L 164, 24. 6. 1985, p. 1 .
    (♦) OJ No L 78, 31 . 3. 1972, p. 1 .                                Q OJ No L 153, 13. 6. 1987, p. 1 .
    f) OJ No L 348, 30. 12. 1977, p. 53.
 ---pagebreak---  No L 134/ 18                                Official Journal of the European Communities                                      31 . 5. 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 Management Committee for Oils and Fats                                                     Article 2
has not delivered an opinion within the time limit set by
its chairman,                                                                 This Regulation shall enter into force on 1 June 1988.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 30 May 1988.
                                                                                      For the Commission
                                                                                       Frans ANDRIESSEN
                                                                                          Vice-President
                                                                     ANNEX
                to the Commission Regulation of 30 May 1988 fixing the export refunds on
                                                                     olive oil
                                                                                                              (ECU/100 kg)
                                        Product code                                    Amount of refund (')
                                     1509 10 90 100                                            55,40
                                     1509 10 90 900                                           101,50
                                     1509 90 00 100                                            58,40
                                     1509 90 00' 900                                          107,40
                                     1510 00 90 100                                            15,50
                                     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.
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