Council Regulation (EEC) No 1553/93 of 14 June 1993 adjusting, for the third time, the system of aid for cotton introduced by Protocol 4 annexed to the Act of Accession of Greece

COUNCIL REGULATION (EEC) No 1553/93 of 14 June 1993 adjusting, for the third time, the system of aid for cotton introduced by Protocol 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 4 on cotton, as last amended by Regulation (EEC) No 2052/92 (1),
Having regard to Council Regulation (EEC) No 1964/87 of 2 July 1987 adjusting the system of aid for cotton introduced by Protocol 4 annexed to the Act of Accession of Greece (2), and in particular Article 3 (2) thereof,
Having regard to the proposal from the Commission (3),
Having regard to the opinion of the European Parliament (4),
Having regard to the opinion of the Economic and Social Committee (5),
Whereas Article 2 (2) of Regulation (EEC) No 1964/87 provides that, with a view to avoiding excessive variations in the reduction of the norm price applied if the maximum guaranteed quantity is exceeded, the reduction shall be limited to 15 % of the  norm price; whereas, under certain conditions or within certain limits, the proportion in excess of this maximum and any difference between the actual and the estimated production are to be carried forward to the following marketing year;
Whereas the current limit in the reduction of the norm price has not succeeded in preventing a substantial expansion of cotton-growing in the Community; whereas, in order better to achieve the objective sought, the maximum reduction should be increased  from 15 to 20 % and from 5 to 7 % for the part exceeding the maximum reduction; whereas, in order for producers to be notified in good time, these increases should be postponed to the 1994/95 marketing year;
Whereas these increases in the maximum reduction may have a bearing on the income of producers; whereas provision should be made for the Commission, in the context of its proposal to the Council concerning the norm price for 1994/95, to put forward a  report on the latest situation of this market;
Whereas certain amendments should be made to the existing text of the third subparagraph of Article 2 (2) of Regulation (EEC) No 1964/87,