Council Regulation (EEC) No 1604/92 of 15 June 1992 amending Regulation (EEC) No 2504/88 on free zones and free warehouses

COUNCIL REGULATION (EEC) No 1604/92 of 15 June 1992 amending Regulation (EEC) No 2504/88 on free zones and free warehouses
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 113 thereof,
Having regard to the Commission proposal(1) ,
Having regard to the opinion of the European Parliament(2) ,
Whereas Article 8 (b) of Council Regulation (EEC) No 2504/88 of 25 July 1988 on free zones and free warehouses(3)  provides in particular that processing operations within a free zone shall be carried out in accordance with Council Regulation (EEC) No  1999/85 of 16 July 1985 on inward processing relief arrangements(4) ; whereas Article 5 of that Regulation provides that an inward processing authorization may be accorded only where the essential interests of Community producers are not affected and  the economic conditions attached to the application of the said arrangements have therefore been respected;
Whereas point 8 of the Annex to Council Decision 91/314/EEC of 26 June 1991 setting up a programme of options specific to the remote and insular nature of the Canary Islands (Poseican)(5)  provides that inward processing operations carried out in the  Canary Islands' free zones will not be subject to the economic conditions attaching to these arrangements; whereas similar provisions are made in point 11 of the Annex to Council Decision 91/315/EEC of 26 June 1991 setting up a programme of options  specific to the remote and insular nature of the Azores and Madeira (Poseima)(6) ; whereas Regulation (EEC) No 2504/88 should therefore be amended accordingly, with the application of this amendment being, however, extended to the overseas departments  which share the outlying character of the abovementioned territories,