COUNCIL REGULATION (EEC) No 2108/92  of 13 July 1992  reducing the variable components applicable to certain goods originating in the Republic of Hungary resulting from the processing of agricultural products referred to in the Annex to Regulation  (EEC) No 3033/80 (1992)
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 proposal from the Commission,
Whereas Council Regulation (EEC) No 3033/80 of 11 November 1980 laying down the trade arrangements applicable to certain goods resulting from the processing of agricultural products (1), which establishes the method of calculation of variable components  applicable to goods referred to in its Annex;
Whereas Article 4 (3) of Protocol No 3 to the Interim Agreement between the European Economic Community and the European Coal and Steel Community, of the one part, and the Republic of Hungary of the other part (2), on trade and trade related matters  provides for reductions in the variable components for certain goods referred to in Annex II to the said Protocol within the limit of quotas fixed in Annex I to the same Protocol;
Whereas under Article 1 (2) of Protocol No 3 of the Interim Agreement the Joint Committee can extend the lists of processed agricultural products referred to by the said Protocol;
Whereas Council Regulation (EEC) No 521/92 of 27 February 1992 opening and providing for the administration of Community tariff quotas and tariff ceilings for certain agricultural and industrial products, originating in Hungary, Poland and the Czech and  Slovak Federal Republic (CSFR) (1992) (3), establishes the rules necessary to administer the quotas referred to in this Regulation;
Whereas Regulation (EEC) No 519/92 (4) adopted in particular detailed rules of application of Articles 24 and 25 of the Interim Agreement; whereas safeguard measures need to be made applicable to the transformed agricultural products not covered by  Annex II of the Treaty referred to by this Regulation;
Whereas Article 8 of Protocol No 3 of the Interim Agreement provides for the application of the reduced variable components as from 1 May 1992,
1. From 1 May to 31 December 1992, goods originating in Hungary listed in the Annex shall be subject to a reduced variable component determined in accordance with Article 2 within the limits of the quotas set in Annex II of Regulation (EEC)  No 521/92.
2. For the purposes of this Regulation, 'originating goods' means goods meeting the conditions established by Protocol No 4 to the Interim Agreement on trade and trade-related matters between the European Economic Community and the European Coal and  Steel Community, of the one part, and the Republic of Hungary, of the other part.
The reduced variable components applicable for the three-monthly periods 1 May to 31 July and 1 August to 31 October and the period 1 November 1992 to 31 December 1992 shall be calculated as follows.
(a) The difference, established in accordance with Article 6 (2) of Regulation (EEC) No 3033/80, between the average threshold price and the average cif price or free-at-frontier price for each basic product shall be reduced by 10 %, except that the  difference established for common wheat shall be reduced by 20 %.
(b) The amounts thus obtained shall apply to the quantities of basic products considered to have been used in the manufacture of the goods concerned in accordance with Article 4 (1) (b) of Regulation (EEC) No 3033/80.
The variable components applicable to goods listed in the Annex to Regulation (EEC) No 3033/80 but not listed in the Annex to this Regulation and to the goods referred to in that Annex for quantities exceeding the quotas fixed in Annex II to  Regulation (EEC) No 521/92 shall be those established directly pursuant to Article 6 of Regulation (EEC) No 3033/80.
Those quotas shall be administered in accordance with Regulation (EEC) No 521/92.
For the purposes of applying safeguard measures to goods referred to in Annex I to this Regulation in accordance with Articles 24 and 25 of the Interim Agreement, Articles 5 and 6 of Regulation (EEC) No 519/92 shall apply to the goods  referred to in the Annex, notwithstanding the terms of Article 8 thereof.
If the Joint Committee decides to add other processed agricultural products to the Annexes to Protocol No 3 to the Interim Agreement pursuant to Article 1 (2) of the said Protocol, the Council, acting by a qualified majority, shall take the  measures necessary for the implementation of such decisions.
This Regulation shall enter into force the day of its publication in the Official Journal of the European Communities.
It shall apply from 1 May 1992. This Regulation shall be binding in its entirety and directly applicable in all Member States.