31975R0477

28 . 2 . 75 Official Journal of the European Communities No L 52 /33

REGULATION (EEC) No 477/75 OF THE COUNCIL of 27 February 1975 amending Regulation (EEC) No 2737/73 laying down general rules to be applied in the event of the rice market being disturbed

THE COUNCIL OF THE EUROPEAN ' 1 . Within the meaning of Article 21 of COMMUNITIES , Regulation No 359/67/EEC, quotations or prices on the world market shall be regarded as having reached the level of Community prices when they Having regard to the Treaty establishing the approach or exceed the threshold price. European Economic Community ;

Having regard to Council Regulation No 2. The situation referred to in paragraph 1 shall 359/67/EEC (*) of 25 July 1967 on the common be regarded as being likely to continue and organization of the market in rice, as last amended deteriorate when an imbalance between supply and demand is established and where this by Regulation (EEC) No 476/75 (2), and in particular Article 19 (2) thereof; imbalance is likely to persist, having regard to foreseeable production and market price trends. Having regard to the proposal from the Commission; 3 . The Community market shall be regarded as Whereas Article 1 of Council Regulation (EEC) being disturbed or threatened with disturbance, No 2737/73 (3) of 8 October 1973 laying down as a result of the situation referred to in general rules to be applied in the event of the rice paragraphs 1 and 2, where international trade market being disturbed, fixes in particular the criteria prices are so high as to impede the importation to be taken into account for triggering the measures of products mentioned in Article 1 ( 1 ) (a) and (b) provided for in the event of the market being of Regulation No 359/67/EEC into the Com­ disturbed ; whereas the amendment of Article 21 of munity, or provoke the exportation of such Regulation No 359/67/EEC introduced by Regulation products from the Community, so as to put at (EEC) No 476/75 necessitates a corresponding risk the stability of the market or the security change in the aforementioned Article 1 , of supplies.'

HAS ADOPTED THIS REGULATION : Article 2 Article 1 This Regulation shall enter into force on the third Article 1 of Regulation (EEC) No 2737/73 shall be day following its publication in the Official Journal replaced by the following: of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels , 27 February 1975 . For the Council The President

M. A. CLINTON

( J ) OJ No 174 , 31 . 7 . J 967 , p. 1 . ('-) See page 31 of this Official Journal . (3) OJ No L 282 , 9. 10 . 1973 , p. 13 .