CELEX: 31988R1169
Language: en
Date: 1988-04-30
Title: Commission Regulation (EEC) No 1169/88 of 29 April 1988 fixing the export refunds on olive oil

No L 111 / 18                           Official Journal of the European Communities                                   30 . 4. 88
                                        COMMISSION REGULATION (EEC) No 1169/88
                                                       . of 29 April 1988
                                            fixing the export refunds on olive oil
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         priate, to take account of export costs for the products on
                                                                     the world market ;
 Having regard to the Treaty establishing the European
 Economic Community,                                                 Whereas, in accordance with Article 5 of Regulation
                                                                     (EEC) No 1650/86, it may be decided that the refund
 Having regard to the Act of Accession of Spain and                  shall be fixed by tender ;
 Portugal,
                                                                     Whereas the tendering procedure should cover the
 Having regard to Council Regulation No 136/66/EEC of                amount of the refund and may be limited to certain coun­
 22 September 1966 on the establishment of a common
                                                                     tries of destination, quantities, qualities and presenta­
 organization of the market in oils and fats ('), as last            tions ;
 amended by Regulation (EEC) No 3994/87 (2),
 Having regard to Council Regulation (EEC) No 1650/86                Whereas the second indent of Article 2 of Regulation
 of 26 May 1986 on export refunds and levies on olive                (EEC) No 1650/86 provides that the refund on olive oil
 oil (3), and in particular the first sentence of Article 3 (1 )     may be varied according to destination where the world
 thereof,                                                            market situation or the specific requirements of certain
                                                                     markets make this necessary ;
 Having regard to the opinion of the Monetary Committee,
                                                                     Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86
 Whereas Article 20 of Regulation No 136/66/EEC                      provides that the refund must be fixed at least once every
 provides that, where prices within the Community are                month ; whereas it may, if necessary, be altered in the
 higher than world market prices, the difference between             intervening period ;
 these prices may be covered by a refund when olive oil is
 exported to third countries ;                                      Whereas it follows from applying these detailed rules to
                                                                     the present situation on the market in olive oil and in
Whereas the detailed rules for fixing and granting export            particular to olive oil prices within the Community and
 refunds on olive oil are contained in Regulations (EEC)             on the markets of third countries that the refund should
 No 1650/86 and (EEC) No 616/72 (4), as last amended by             be as set out in the Annex hereto ;
 Regulation (EEC) No 2962/77 (*) ;
                                                                    Whereas, following the introduction of the combined­
Whereas the first indent of Article 2 of Regulation (EEC)
 No 1650/86 provides that the refund must be the same                nomenclature by Council Regulation (EEC) No
 for the whole Community ;                                           2658/87 (*), the nomenclature applicable from 1 January
                                                                     1988 to export refunds on agricultural products was esta­
                                                                    blished by Regulation (EEC) No 3846/87 Q ;
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         Whereas, if the refund system is to operate normally,
tion to olive oil prices and availability on the Community          refunds should be calculated on the following basis :
market and olive oil prices on the world market ;
                                                                    — in the case of currencies which are maintained in rela­
Whereas, however, where the world market situation is                    tion to each other at any given moment within a band
such that the most favourable olive oil prices cannot be                 of 2,25 % , a rate of exchange based on their central
determined, account may be taken of the price of the                     rate, multiplied by the corrective factor provided for in
main competing vegetable oils on the world market and                    the last paragraph of Article 3 (1 ) of Council Regula­
the difference recorded between that price and the price                 tion (EEC) No 1676/85 (8), as last amended by Regula­
of olive oil during a representative period ;                            tion (EEC) No 1636/87 (9);
                                                                    — for other currencies, an exchange rate based on the
Whereas the amount of the refund may not exceed the                      arithmetic mean of the spot market rates of each of
difference between the price of olive oil in the Commu­                  these currencies recorded over a given period in rela­
nity and that on the world market, adjusted, where appro­                tion to the Community currencies referred to in the
                                                                         previous indent, and the aforesaid coefficient ;
(') OJ    No 172, 30. 9. 1966, p. 3025/66.
(2) OJ    No L 377, 31 . 12. 1987, p. 30.                           (*) OJ   No L  256, 7. 9. 1987, p. 1 .
O   OJ    No L 145, 30. 5. 1986, p. 8 .                             f)  OJ   No L  366, 24. 12. 1987, p. 1
(4) OJ    No L 78, 31 . 3. 1972, p. 1 .                             (8) OJ   No L  164, 24. 6. 1985, p. 1 .
0   OJ    No L 348, 30. 12. 1977, p. 53.                            O   OJ   No L  153, 13. 6. 1987, p. 1 .
 ---pagebreak--- 30 : 4. 88                                  Official Journal of the European Communities                                    No L 111 / 19
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 measures provided for in this Regulation are                                               Article 2
in accordance with the opinion of the Management
Committee for Oils and Fats,                                                 This Regulation shall enter into force on 1 May 1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 29 April 1988 .
                                                                                      For the Commission
                                                                                       Frans ANDRIESSEN
                                                                                          Vice-President
                                                                     ANNEX
                to the Commission Regulation of 29 April 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                                           57,87
                                      1509 90 00 900                                          107,40
                                      1510 00 90 100                                           15,50
                                      1510 00 90 900                                           54,37
                (') 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.