Commission Regulation (EC) No 1477/95 of 28 June 1995 laying down certain transitional measures for the implementation of the Uruguay Round Agreement on Agriculture as regards olive oil

COMMISSION REGULATION (EC) No 1477/95 of 28 June 1995 laying down certain  transitional measures for the implementation of the Uruguay Round Agreement on Agriculture as  regards olive oil
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 3290/94 of 22 December 1994 on the adjustments and  transitional arrangements required in the agriculture sector in order to implement the agreements  concluded during the Uruguay Round of multilateral trade negotiations  (1), and in particular  Article 3 thereof,
Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a  common organization of the market in oils and fats  (2), as last amended by the Act of Accession of  Austria, Finland and Sweden and by Regulation (EC) No 3290/94, and in particular Article 38  thereof,
Whereas, having regard to the marked difference between the level of duty applicable to olive oil  resulting from the agreements concluded in connection with the Uruguay Round of multilateral trade  negotiations (hereinafter referred to as 'the Agreements`) and the levy currently applied and  having regard to the present market situation, which is characterized by high prices for Community  olive oil, it can be seen that the immediate application of the full rate of duty from 1 July 1995  would lead to market disturbance; whereas, therefore, provision should be made for the application  of a reduced of duty until the end of the current marketing year;
Whereas Council Regulation (EEC) No 3089/78  (3), as last amended by Regulation (EEC) No 3461/87   (4), lays down that the release of imported olive oil for free circulation in the Community is  subject to the provision of a security equal to the consumption aid; whereas the level of duty  resulting from the Agreements is calculated taking the said security into account; whereas olive  oil released for free circulation from 1 July 1995 after payment of the rate of duty provided for  in this Regulation should not be subject to the system of securities, given that the duty includes  a component corresponding to the level of security now applicable and whereas such oil may  therefore be regarded as qualifying for consumption aid;
Whereas it is the Commission's intention to present a proposal for an amendment to Council  Regulation (EEC) No 3089/78 to the Council shortly which would abolish the system of securities for  imported olive oil apart from oil imported from Tunisia under special arrangements; whereas these  transitional measures are necessary to ensure the smooth operation of the market organization  during the transition from the present arrangements to those resulting from the Agreements;
Whereas, for reasons of clarity and legal certainty, the conditions applicable to the use after 1  July 1995 of import licences issued before that date should be specified and the rate of duty  applicable to imports of olive oil from Tunisia under Council Regulation (EC) No 287/94 should be  laid down  (5);
Whereas the measures provided for in this Regulation are in accordance with the opinion of the  Management Committee for Oils and Fats,