CELEX: 21986D0314(01)
Language: en
Date: 1986-02-21 00:00:00
Title: Decision No 1/86 of the EEC-Morocco Cooperation Council of 21 February 1986 replacing the unit of account by the ECU in the Protocol on the definition of 'originating products' and methods of administrative cooperation to the Cooperation Agreement between the European Economic Community and Morocco

No L 71 /2                            Official Journal of the European Communities                                    14. 3 . 86
                  DECISION No 1 /86 OF THE EEC-MOROCCO COOPERATION COUNCIL
                                                     of 21 February 1986
                 replacing the unit of account by the ECU in the Protocol on the definition of
                 'originating products' and methods of administrative cooperation to the Coop­
                  eration Agreement between the European Economic Community and Morocco
THE COOPERATION COUNCIL,                                         2. In Article 6 ( 1 ), the third subparagraph shall be deleted
                                                                     and the following inserted :
Having regard to the Cooperation Agreement between the
European Economic Community and the Kingdom of                       'Up to and including 30 September 1987 the ECU to
Morocco and in particular Title I thereof,                           be used in any given national currency of a Member
                                                                     State of the Community shall be the equivalent in that
Having regard to the Protocol concerning the definition              national currency of the ECU as at 1 October 1984.
of the concept of 'originating products' and methods of              For each successive period of two years, it shall be the
administrative    cooperation,   hereinafter     called   the        equivalent in that national currency of the ECU as at
'Protocol', and in particular Article 6 ( 1 ) and Article 28         the first working day in October in the year immedi­
thereof,                                                             ately preceding that two-year period.
                                                                     Revised amounts replacing the amounts expressed in
Whereas, since the unit of account is not appropriate to             ECU in this Article and in Article 17 (2), may be intro­
the current international monetary situation, it is neces­           duced by the Community at the beginning of any
sary to find an alternative so as to continue to have a              successive two-year period, if necessary, and shall be
common value basis for determining when forms EUR. 2                 notified by the Community to the Customs Coopera­
may be used instead of movement certificates EUR. 1 and              tion Committee not later than one month before they
when no documentary evidence of origin is required ;                 shall come into force. These amounts shall, in any
                                                                     event, be such as to ensure that the value of the limits
Whereas the European Communities introduced the ECU                  as expressed in the currency of any Member State shall
as from 1 January 1981 ;                                             not decline .
Whereas it is convenient to use the ECU to serve as a                If the goods are invoiced in the currency of another
common value basis ;                                                 Member State of the Community the importing
                                                                     Member State shall recognize the amount notified by
Whereas, for administrative and commercial reasons, the              the Member State concerned.' ;
common value basis must remain fixed for periods of at
least two years, and whereas the ECU to be used must in          3 . In Article 17 (2) the amounts '60 units of account' and
consequence be exceptionally fixed at a base date to be              '200 units of account' shall be replaced by ' 165 ECU'
updated every two years,                                             and '470 ECU' respectively.
                                                                                              Article 2
HAS DECIDED AS FOLLOWS :                                         This Decision shall enter into force on 1 April 1986.
                         Article 1
                                                                 Done at Brussels, 21 February 1986.
The Protocol shall be amended as follows :
                                                                                           For the Cooperation Council
1 . In the second subparagraph of Article 6 ( 1 ) the amount                                        The President
    '1 000 units of account' shall be replaced by '2 355
    ECU';                                                                                       M. H. J. Ch . RUTTEN