Council Regulation (EEC) NR. 1357/90 of 14 May 1990 amending Regulation (EEC) No 1964/87 adjusting the system of aid for cotton introduced by protocol No 4 annexed to the act of accession of Greece

COUNCIL REGULATION (EEC) Nr. 1357/90
of 14 May 1990
amending Regulation  (EEC) N° 1964/87 adjusting the system of aid for cotton introduced by Protocol N° 4 annexed to the  Act of Accession of Greece
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Greece, and in particular paragraph 11 of Protocol N° 4 on  cotton annexed to it, as amended by Protocol N° 14 attached to the Act of Accession of Spain and  Portugal,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament (1),
Having regard to the opinion of the Economic and Social Committee (2),
Whereas Regulation (EEC) N° 1964/87 (3) provides in Article 2 (2) thereof that when the production  of estimated unginned cotton exceeds the maximum guaranteed quantity, the amount of aid is to be  reduced; whereas that reduction has been limited for the 1987/88 to 1989/90 marketing years to a  certain percentage of the norm price; whereas in view of the present market situation for this  sector and taking into account the arrangements for guaranteed quantities, the limitation of the  reduction of the amount of aid should be extended by a marketing year;