CELEX: 51974PC1873
Language: en
Date: 1974-11-15
Title: PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL amending Regulation (EEC) No 2737/73 laying down general rules to be applied in the event of the rice market being disturbed (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
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COM (74) 1873
Vol. 1974/0296
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                          COM(74)1873 final
                                                          Brussels , 15 November 1974
                                  PROPOSAL FOR A
                        REGULATION (EEC) OF THE COUNCIL
    amending Regulation (EEC) Ho 2737/73 laying down general rules to "be
            applied in the errant of the rice market "being disturbed
                  ( submitted to the Council by the Commission)
  COM (74) 1373 final
 ---pagebreak---                             EXPLANATORY I-ETIORANDUI1
In its draft Regulation entitled "amending Regulation No 359/67/eEC on the
common organisation of the market in rice " the Commission proposed , inter
alia , an amendment of Article 21 , It was proposed to base the triggering of
measures to be taken in case of disturbance of the market on data which con­
formed more closely to the aims of Article 2 , instead of considering cif and
threshold prices .
A level near the threshold price and quotations and prices on the world market
were considered more suitable for this purpose . The amendment of Article 21
necessitates a corresponding change in Council Regulation (EEC ) No 2737/741
this change is the principal aim of the attached draft Regulation .
                                                                               t
 ---pagebreak---                                   PROPOSAL FOR A
                           RTJJUIATIQJT (EEC) OP THE CCDITCIL
           amending Regulation (ESC) Ho 2737/ 73 laying down general
           rules to be applied in the event of the rice market being •
                                          disturbed
THE COUNCIL OP THE EUROPEAN COJEIuHITIES ,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation No 359/67/SEC ^ of 25 July 19^7 on the
common organisation of the market in rice , as last amended by Regulation (EEC )
Ho        /74          and in particular Article 19(2 ) thereof|
Having regard to the proposal from the Commissions
Whereas Article 1 of Council Regulation (EEC) No 2737/73 ^ of 8 October 1973
laying down general rules to be applied in the event of the rice market being
disturbed    specifics in particular the circumstances which must obtain before
the measures to be applied in the event of a disturbance are put into effoot |
whereas , following the amendment by Regulation (EEC ) No              of Article
21 of Regulation No 359/67/EEC , it has become necessary to amend the abovemcn–
tioned Article 1 also , particularly in order to apooify the exact level at which
the measures may be takons
                                          Article 1
              Article l(l ) and ( 2) of Regulation (EEC ) No 2737/73 are placed
by the following :
"1 . For the purposes of Article 21 of Regulation Ho 359/^7/SEC , quotations and
      prices on the world market shall be regarded as having reached a level- close to
     that of the threshold price when they exceed (90$ of the threshold price*
 2 . This situation shall bo regarded as being likely to continue or to deteriorate
      where an imbalance between supply and demand is established and where this
      imbalance is likely to persist having regard to foreseeable production and
      market price trends ."
      OJ No 174 , 31.7.1967 , P. 1
^'^Draft Regulation amending Regulation No 359/67/2EC on the common organisation
      of the market in rice .
      OJ No L 282 ,r 9.10.1973
                     j
                                 , p. 13–
                               - r *
 ** liP I&gSfe^on^^Lted in footnote 2.
 ---pagebreak---                                      - 2 r
                                   Article 2
This Regulation shall enter into force on the third day following its publication
in the Off&cial Journal of the European Communities*
This Regulation shall "be "binding in its entirety and directly applicable in
all Member States .
Done at Brussels ,                               For the Council
                                                  The President
                                                        /