CELEX: 31988R0860
Language: en
Date: 1988-03-31 00:00:00
Title: Commission Regulation (EEC) No 860/88 of 30 March 1988 fixing the export refunds on olive oil

No L 87/46                                Official Journal of the European Communities                                   31 . 3. 88
                                        COMMISSION REGULATION (EEC) No 860/88
                                                        of 30 March 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 0 ;
                                                                     Whereas, following the introduction of the combined­
Whereas the first indent of Article 2 of Regulation (EEC)            nomenclature by Council Regulation (EEC) No
No 1650/86 provides that the refund must be the same                 2658/87       the nomenclature applicable from 1 January
for the whole Community ;                                             1988 to export refunds on agricultural products was esta­
                                                                     blished by Regulation (EEC) No 3846/87 0 ;
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
                                                                          tion to each other at any given moment within a band
Whereas, however, where the world market situation is                    of 2,25 %, a rate of exchange based on their central
such that the most favourable olive oil prices cannot be                  rate, multiplied by the corrective factor provided for in
determined, account may be taken of the price of the                      the last paragraph of Article 3 (1 ) of Council Regula­
main competing vegetable oils on the world market and                     tion (EEC) No 1676/85 (8), as last amended by Regula­
the difference recorded between that price and the price                  tion (EEC) No l636/87 (9);
 of olive oil during a representative period ;
                                                                     — 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.                            (6) OJ   No L  256, 7. 9. 1987, p. 1 .
(3) OJ   No  L 145, 30. 5. 1986, p. 8.                               O   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.                              0  OJ   No L  153, 13. 6. 1987, p. 1 .
 ---pagebreak--- 31 . 3. 88                                  Official Journal of the European Communities                                    No L 87/47
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                           i                                                 N
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 April 1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 30 March 1988 .
                                                                                      For the Commission
                                                                                       Frans ANDRIESSEN
                                                                                          Vice-President
                                                                     ANNEX
                to the Commission Regulation of 30 March 1988 fixing the export refunds on
                                                                     olive oil
                                                                                                              (ECU/100 kg)
                                        Product code                                    Amount of refund (')
                                      1509 10 90 100                                           53,40
                                      1509 10 90 900                                          102,00
                                      1509 90 00 100                                           55,85
                                      1509 90 00 900                                          107,01
                                      1509 00 90 100                                           13,50­
                                      1509 00 90 900                                           53,27
                (') 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.