Commission Regulation (EC) No 1062/1999 of 21 May 1999 amending Regulation (EEC) No 1858/93 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing in the banana sector

COMMISSION REGULATION (EC) No 1062/1999
of 21 May 1999
amending Regulation (EEC) No 1858/93 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing in the banana sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 404/93 of 13 February 1993 on the common organisation of the market in bananas(1), as last amended by Regulation (EC) No 1637/98(2), and in particular Articles 12(4) and (6) and 14 thereof,
(1) Whereas Commission Regulation (EEC) No 1858/93(3), as last amended by Regulation (EC) No 796/95(4), lays down detailed rules for applying the system of compensatory aid for loss of income from the marketing of bananas;
(2) Whereas, in accordance with the Commission's undertaking when the Council adopted decisions concerning various agricultural products for the 1998/99 marketing year and the new import arrangements were adopted for bananas, the flat-rate reference income should be increased in order to fix compensation for 1998 and from 1999 onwards; whereas the new amounts should be inserted into Regulation (EEC) No 1858/93;
(3) Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Bananas,