CELEX: 31986R2677
Language: en
Date: 1986-08-28 00:00:00
Title: Commission Regulation (EEC) No 2677/86 of 28 August 1986 fixing the monetary coefficient applicable on imports of dried grapes

29 . 8 . 86                           Official Journal of the European Communities                             No L 244/23
                                  COMMISSION REGULATION (EEC) No 2677/86
                                                    of 28 August 1986
                       fixing the monetary coefficient applicable on imports of dried grapes
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                     grapes during the marketing year 1986/87 as well as the
                                                                countervailing charges to be imposed where that price is
Having regard to the Treaty establishing the European           not observed ; whereas the import prices as set out in
Economic Community,                                             Annex II of that Regulation are calculated as specific
Having regard to the Act of Accession of Spain and              percentages of the minimum import price ; whereas as a
                                                                result the monetary coefficient should apply both to the
Portugal,
                                                                minimum import prices and the import prices,
Having regard to Council Regulation (EEC) No 426/86 of
24 February 1986 on the common organization of the               HAS ADOPTED THIS REGULATION :
market in products processed from fruit and vegetables ('),
as amended by Regulation (EEC) No 1838/86 (2), and in                                      Article 1
particular Article 9 (6) thereof,
                                                                After having converted the minimum import prices and
Having regard to Commission Regulation (EEC) No                  the import prices as set out in Annexes I and II of Regu­
2237/85 of 30 July 1985 laying down detailed rules for           lation (EEC) No 2382/86 into one of the following
the application of the minimum import price system for           national currencies by applying the agricultural conver­
dried grapes (3), and in particular Article 4 thereof,           sion rate, the resulting amount shall be multiplied by the
Whereas Article 4(1 ) of Regulation (EEC) No 2237/85             following coefficient :
provides that the Commission shall fix a monetary coeffi­        — for the German mark :                 0,972
cient equal to the real monetary gap between the agricul­        — for the Dutch guilder :               0,972
tural conversion rate for the currency of a Member State
                                                                 — for the Greek drachma :                1 ,294
and the central rate, or, where applicable, the market rate
when that gap is equal for more than 2,5 percentage              — for the pound sterling :               1 ,202
points ;                                                         — for the Portuguese escudo :            1,079
                                                                 — for the Spanish peseta :               1,030
Whereas Article 4 (2) of Regulation (EEC) No 2237/85
                                                                 — for the French franc :                 1,063
provides that the monetary coefficient shall be fixed
before the commencement of the marketing year and,               — for the Irish pound :                  1,103
subsequently, on the first Monday of the months of
November, January, March, May and July ;                                                   Article 2
Whereas Commission Regulation (EEC) No 2382/86 (4)               This Regulation shall enter into force on 1 September
fixes the minimum import price applicable to dried                1986 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 28 August 1986.
                                                                           For the Commission
                                                                            Frans ANDRIESSEN
                                                                               Vice-President
 (') OJ No L 49, 27. 2. 1986, p. 1 .
 (2) OJ No L 159, 14. 6. 1986, p. 1 .
 P) OJ No L 209, 6. 8 . 1985, p. 24.
 b) OJ No L 206, 30. 7. 1986, p. 18.