CELEX: 31988R3392
Language: en
Date: 1988-11-01 00:00:00
Title: Commission Regulation (EEC) No 3392/88 of 28 October 1988 fixing the export refunds on olive oil

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      1 . 11 . 88                               Official Journal of the European Communities                               No L 299/23
                                            COMMISSION REGULATION (EEC) No 3392/88
                                                             of 28 October 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
     Having regard to the Treaty establishing the European                  nity and that on the world market, adjusted, where appro­
     Economic Community,                                                   priate, to take account of export costs for the products on
                                                                           the world market ;
     Having regard to the Act of Accession of Spain and
     Portugal,
                                                                           Whereas, in accordance with Article 5 of Regulation
                                                                           (EEC) No 1650/86, it may be decided that the refund
     Having regard to Council Regulation No 136/66/EEC of                  shall be fixed by tender ;
    22 September 1966 on the establishment of a common
    organization of the market in oils and fats ('), as last
    amended by Regulation (EEC) No 2210/88 (2),                            Whereas the tendering procedure should cover the
                                                                           amount of the refund and may be limited to certain coun­
    Having regard to Council Regulation (EEC) No 1650/86                   tries of destination, quantities, qualities and presenta­
                                                                           tions :
    of 26 May 1986 on export refunds and levies on olive
    oil (3), and in particular the first sentence of Article 3 (1 )
    thereof,
                                                                          Whereas the second indent of Article 2 of Regulation
                                                                          (EEC) No 1650/86 provides that the refund on olive oil
    Having regard to the opinion of the Monetary Committee,               may be varied according to destination where the world
                                                                          market situation or the specific requirements of certain
    Whereas Article 20 of Regulation No 136/66/EEC                        markets make this necessary ;
    provides that, where prices within the Community are
    higher than world market prices, the difference between
    these prices may be covered by a refund when olive oil is             Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86
   exported to third countries ;                                          provides that the refund must be fixed at least once every
                                                                          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 Regulation (EEC) No
    1650/86 and Commission Regulation (EEC) No
   616/72 (4), as last amended by Regulation (EEC) No                     Whereas it follows from applying these detailed rules to
   2962/77 H ;                                                            the present situation on the market in olive oil and in
                                                                          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,
  Whereas, in accordance with Article 4 of Regulation                     refunds should be calculated on the following basis :
  (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
  Whereas, however, where the world market situation is                        the last paragraph of Article 3 (1 ) of Council Regula­
  such that the most favourable olive oil prices cannot be                     tion (EEC) No 1676/85 (*), as last amended by Regula­
  determined, account may be taken of the price of the                         tion (EEC) No 1636/87Q ;
  main competing vegetable oils on the world market and
  the difference recorded between that price and the price               — for other currencies, an exchange rate based on the
                                                                               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 197, 26. 7. 1988, p. 1 .
  (3)   OJ   No  L 145, 30. 5. 1986, p. 8.
  (4)   OJ   No  L 78, 31 . 3. 1972, p. 1 .                              (*) OJ No L 164, 24. 6. 1985, p. 1 .
  0 OJ No L 348, 30. 12. 1977, p. 53.                                    0 OJ No L 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- No L 299/24                                 Official Journal of the European Communities                                      1 . 11 . 88
                                                                               HAS ADOPTED THIS REGULATION :
Whereas pursuant to Article 275 of the Act of Accession
of Spain and Portugal, refunds may be granted in the case
                                                                                                        Article 1
of exports to Portugal ; whereas, in the light of the situa­
tion and the level of prices no refund should be fixed in                      The export refunds on the products listed in Article 1 (2)
the case of exports to Portugal ;                                              (c) of Regulation No 136/66/EEC shall be as set out in
                                                                               the Annex hereto.
                                                                                                        Article 2
Whereas the measures provided for in this Regulation are
in accordance with the opinion of the Management                               This Regulation shall enter into force on 1 November
 Committee for Oils and Fats,                                                   1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                 Done at Brussels, 28 October 1988 .
                                                                                        For the Commission
                                                                                         Frans ANDRIESSEN
                                                                                            Vice-President
                                                                      ANNEX
                 to the Commission Regulation of 28 October 1988 fixing the export refunds on
                                                                       olive oil
                                                                                                                (ECU/100 kg)
                                         Product code                                      Amount of refund (')
                                     .  1509 10 90 100                                            51,00
                                        1509 10 90 900                                           100,00
                                        1509 90 00 100                                            55,00
                                        1509 90 00 900                                           105,00
                                        1510 00 90 100                                            10,00
                                        1510 00 90 900                                            52,00
                  (') 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 Commission Regulation (EEC) No 3846/87
                         as amended (OJ No L 366, 24. 12. 1987, p. 1).