CELEX: 21982D0123(01)
Language: en
Date: 1982-01-07 00:00:00
Title: Decision No 1/82 of the EEC-Malta Council of Association of 7. January 1982 replacing the unit of account by the ECU in the Protocol concerning the definition of the concept of 'originating products' and methods of administrative cooperation to the Agreement establishing an association between the European Economic Community and Malta

No L 17/4                         Official Journal of the European Communities                            23 . 1 . 82
                DECISION No 1 /82 OF THE EEC-MALTA COUNCIL OF ASSOCIATION
                                                of 7 January 1982
              replacing the unit of account by the ECU in the Protocol concerning the defini­
              tion of the concept of 'originating products' and methods of administrative
              cooperation to the Agreement establishing an association between the European
                                       Economic Community and Malta
THE ASSOCIATION COUNCIL,                                        Up to and including 30 April 1983 the ECU to be
                                                               used in any given national currency shall be the
Having regard to the Agreement establishing an asso­
                                                               equivalent in that national currency of the ECU as
ciation between the European Economic Community
                                                               at 1 October 1980. For each successive period of
and Malta, and in particular Title I thereof,
                                                               two years thereafter it shall be the equivalent in
Having regard to the Protocol concerning the defini­           that national currency of the ECU as at the first
tion of the concept of 'originating products' and              working day in October in the year immediately
methods of administrative cooperation, hereinafter             preceding that two year period.
called the 'Protocol', annexed to the Additional
Protocol to the Association Agreement, and in parti­           Amounts in the national currency of the exporting
cular Article 25 thereof,                                      State equivalent to the amounts expressed in this
                                                               Article and in Article 17 in ECU shall be fixed by
Whereas the unit of account is not appropriate to the          the exporting State and communicated to the other
current international monetary situation ; whereas it is       parties to the Agreement.
therefore necessary to adopt a new common value
basis for determining when EUR. 2 forms may be used            When these amounts are more than the correspon­
instead of EUR. 1 movement certificates and when no            ding amounts fixed by the importing State, the
documentary evidence of origin is required ;                   importing State shall accept them if the goods are
                                                               invoiced in the currency of the exporting State.
Whereas the European Communities introduced the
ECU as from 1 January 1981 ;                                   If the goods are invoiced in the currency of another
                                                               Member State of the Community the importing
Whereas it is convenient to use the ECU to serve as a          State shall recognize the amount notified by the
common value basis ;                                           State concerned.'
Whereas for administrative and commercial reasons           3. in Article 17 (2) the amounts '60 units of account'
the common value basis must remain fixed for periods           and '200 units of account' shall be replaced by ' 105
of at least two years, and whereas the ECU to be used           ECU' and '325 ECU' respectively.
must in consequence be exceptionally fixed at a base
date to be updated every two years,                                                Article 2
                                                            This Decision shall enter into force on 1 February
HAS DECIDED AS FOLLOWS :                                     1982.
                        Article 1
                                                             Done at Brussels, 7 January 1982.
The Protocol shall be amended as follows :
 1 . in the second subparagraph of Article 6 ( 1 ) the                            For the Association Council
     amount '1 000 units of account' shall be replaced
     by *1 620 ECU' ;
                                                                                         The President
2. in Article 6 (1 ), the third subparagraph shall be
     replaced by the following :                                                         P. FARRUGIA