Article 1 
1. Structural adjustment aid intended to accelerate its modernization is hereby instituted in favour of businesses in the Portugese food industry sectors affected by the premature demobilization of transitional measures for accession meeting the criteria laid down by the Portuguese authorities in accordance with paragraph 3. 2. The aid provided for in paragraph 1 shall be granted to businesses in the sectors concerned: - gradually decreasing over three years, and - in terms of capacities established on the basis of the amount produced during a historic reference period. 3. The Portuguese authorities shall determine: - the sectors meeting the requirements provided for in paragraph 1, - the criteria to be met by the beneficiary businesses. These shall be established on an objective basis, - the amount of aid. This amount shall be determined on the basis of objective criteria, in particular the degree of difficulty created for each sector by the premature abolition of transitional accession mechanisms, - the reference period provided for in paragraph 2, which may in no case go beyond 31 December 1992. 4. The aid provided for in this Article shall be limited to ECU 60 million. It shall constitute an intervention measure within the meaning of Article 1 (2) of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (3). Article 2 The Portuguese authorities shall inform the Commission of the factors determined pursuant to Article 1 (3) as soon as they are adopted and only by 1 June 1993 at the latest. Article 3 This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 1 June 1993. For the Council The President J. ANDERSEN (1) OJ No C 87, 27. 3. 1993 p. 9. (2) Opinion delivered on 28 May 1993 (not yet published in the Official Journal). (3) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EEC) No 2048/88 (OJ No L 185, 15. 7. 1988, p. 1).
Article 2 
The Portuguese authorities shall inform the Commission of the factors determined pursuant to Article 1 (3) as soon as they are adopted and only by 1 June 1993 at the latest. Article 3 This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 1 June 1993. For the Council The President J. ANDERSEN (1) OJ No C 87, 27. 3. 1993 p. 9. (2) Opinion delivered on 28 May 1993 (not yet published in the Official Journal). (3) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EEC) No 2048/88 (OJ No L 185, 15. 7. 1988, p. 1).
Article 3 
This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 1 June 1993