31977R2362

29 . 10 . 77 No L 277/ 3 Official Journal of the European Communities

COUNCIL REGULATION (EEC) No 2362/77 of 28 October 1977 on the standard amount for unrefined olive oil produced entirely in Greece and transported direct from that country into the Community

THE COUNCIL OF THE EUROPEAN at such a level that it does not prejudice the realiza­ COMMUNITIES, tion of the market target price for Community produc­ tion ; Having regard to the Treaty establishing the European Economic Community, Whereas the standard amount, as established for the years during which prices on the Greek market have Having regard to Council Regulation No 162/66/EEC made it possible to export oil from Greece to the of 27 October 1966 on trade in oils and fats between Community, has ensured that this preference exists the Community and Greece ('), and in particular without creating difficulties for the marketing of Article 3 (3) thereof, Community production ; whereas the level of this amount should consequently remain unchanged for Having regard to the proposal from the Commission, the 1977/78 marketing year ; Whereas, in anticipation of the harmonization of agri­ Whereas Greece has been consulted pursuant to cultural policies, trade in olive oil between the Article 3 (3) of Regulation No 162/66/EEC, Community and Greece should be developed, taking account of the availability of olive oil on the Greek market and on the Community market and of HAS ADOPTED THIS REGULATION : marketing possibilities for this product ; Article 1 Whereas the standard amount must be based both on the present volume of trade between the Community For the 1977/78 marketing year the standard amount and Greece and on the future prospects of both referred to in Article 3 ( 1 ) of Regulation No 162/ markets ; 66/EEC shall be 0-5 unit of account per 100 kilo­ grams of imported product. Whereas the standard amount must represent a suffi­ ciently high percentage of the market target price to Article 2 ensure a preferential position for Greek oils on the Community market compared with those from third This Regulation shall enter into force on 1 November countries ; whereas, however, this amount must be set 1977 .

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

Done at Luxembourg, 28 October 1977 .

For the Council

The President G. SPITAELS

( l ) OJ No 197 , 29 . 10 . 1966, p . 3393/66 .