Commission Regulation (EEC) No 492/87 of 18 February 1987 amending Regulation (EEC) No 548/86 laying down detailed rules for the application of accession compensatory amounts and Regulation (EEC) No 594/86 laying down detailed rules for the application of accession compensatory amounts applicable to trade in products covered by Regulations (EEC) No 3033/80 and (EEC) No 3035/80

COMMISSION  REGULATION (EEC) No 492/87
of 18 February 1987
amending Regulation (EEC) No 548/86 laying down detailed rules for the application of accession compensatory amounts and Regulation (EEC) No 594/86 laying down detailed rules for the application of accession compensatory amounts applicable to trade in products covered by Regulations (EEC) No 3033/80 and (EEC) No 3035/80
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Spain and Portugal,
Having regard to Council Regulation (EEC) No 467/86 of 25 February 1986 laying down general rules for the system of accession compensatory amounts for cereals (1), and in particular Article 8 thereof, and the corresponding provisions of the other Regulations establishing general rules relating to the arrangements for accession compensatory amounts applicable to agricultural products,
Whereas on account of the accession of Spain monetary compensatory amounts arrangements provide for offsetting between the monetary amounts and the export refunds or import charges; whereas one effect of this is to simplify trade operations;
Whereas intra-Community trade must enjoy the same flexibility as that applicable in trade with third countries; whereas, accordingly, Commission Regulation (EEC) No 548/86 (2) and Commission Regulation (EEC) No 594/86 (3) should provide for an offsetting mechanism between the monetary compensatory amounts and the accession compensatory amounts applicable in intra-Community trade;
Whereas the measures provided for in this Regulation are in accordance with the opinion of all the Management Committees concerned,