31986R1277

No L 114/26 1 . 5 . 86 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1277/86 of 30 April 1986 fixing the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN COMMUNITIES, natural development of prices and trade on this market, Having regard to the Treaty establishing the European — the need to avoid disturbances on the Community Economic Community, market, and

— the economic aspect of the proposed exports ; Having regard to the Act of Accession of Spain and Portugal, Whereas, furthermore, Article 4 of Regulation No 171 / 67/EEC provides that the said refund must be fixed in Having regard to Council Regulation No 136/66/EEC of accordance with the following criteria : 22 September 1966 on the establishment of a common organization of the market in oils and fats ('), as last amended by Regulation (EEC) No 3768 /85 (2), — the olive oil prices in the main producing areas of the Community,

Having regard to Council Regulation No 171 /67/EEC of — the most favourable quotations recorded on the 27 June 1967 on export refunds and levies on olive oil (3), various markets of importing third countries, and as last amended by Regulation (EEC) No 2429/72 (4), and in particular the first sentence of Article 7 thereof, — the marketing costs and the most favourable transport charges from Community markets in the main produ­ cing areas to ports or other points of export in the Having regard to the opinion of the Monetary Committee, Community, as well as costs incurred in placing the goods on the world market ; Whereas Article 20 of Regulation No 136/66/EEC provides that, where prices within the Community are higher than world market prices, the difference between Whereas Article 5 of Regulation No 171 /67/EEC provides these prices may be covered by a refund when olive oil is that the refund on olive oil may be varied according to exported to third countries ; destination where the world market situation or the specific requirements of certain markets make this neces­ sary ; Whereas the detailed rules for fixing and granting export refunds on olive oil are contained in Regulations No 171 /67/EEC and (EEC) No 61 6/72 (5), as last amended by Whereas Article 7 of Regulation No 171 /67/EEC provides Regulation (EEC) No 2962/77 (6) ; that the refund must be fixed at least once every month ; whereas it may, if necessary, be altered in the intervening period ; Whereas Article 2 of Regulation No 171 /67/EEC provides that the refund must be the same for the whole Commu­ nity ; Whereas it follows from applying these detailed rules to the present situation on the market in olive oil and in Whereas Article 3 of Regulation No 171 /67/EEC provides particular to olive oil prices within the Community and that when the refund on olive oil is being fixed account on the markets of third countries that the refund should must be taken of : be as set out in the Annex hereto :

— the existing situation and the future trend with regard to prices and availabilities of olive oil on the Commu­ Whereas, if the refund system is to operate normally, nity market and prices for olive oil on the world refunds should be calculated on the following basis : market, — in the case of currencies which are maintained in rela­ — the aims of the common organization of the market in olive oil which are to ensure equilibrium and the tion to each other at any given moment within a band of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in (') OJ No 172, 30 . 9 . 1966, p. 3025/66. the last paragraph of Article 3 ( 1 ) of Regulation (EEC) (2) OJ No L 362, 31 . 12. 1985, p. 8 . (3) OJ No 130, 28 . 6. 1967, p. 2600/67. No 1676/ 85 0, (<) OJ No L 264, 23 . 11 . 1972, p. 1 . M OJ No L 78, 31 . 3 . 1972, p. 1 . (6) OJ No L 348, 30. 12. 1977, p. 53 . P) OJ No L 164, 24. 6 . 1985, p. 1 .

1 . 5 . 86 Official Journal of the European Communities No L 114/27

— for other currencies, an exchange rate based on the whereas the measures provided for in this Regulation are arithmetic mean of the spot market rates of each of in accordance with the opinion of the Management these currencies recorded over a given period in rela­ Committee for Oils and Fats, tion to the Community currencies referred to in the previous indent, and the aforesaid coefficient ; HAS ADOPTED THIS REGULATION :

Article1¶

The export refunds on the products listed in Article 1 (2) (c) of Regulation No 136/66/EEC shall be as set out in Whereas, pursuant to Article 275 of the Act of Accession the Annex hereto . of Spain and Portugal, refunds may be granted in the case of exports to Portugal ; whereas, in the light of the situa­ Article 2 tion and the level of prices no refund should be fixed in the case of exports to Portugal ; This Regulation shall enter into force on 1 May 1986.

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

Done at Brussels, 30 April 1986.

For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 30 April 1986 fixing the export refunds on olive oil

(ECU/ 100 kg) CCT heading No Description Refund

15.07 Fixed vegetable oils, fluid or solid, crude, refined or purified : A Olive oil : I Untreated : (a) Virgin olive oil : In immediate packings of a net capacity of 5 kg or less, for destinations mentioned in Article 5 of Commission Regulation (EEC) No 2730/79 ('), as well as on export to third countries 67,00 II Other : (a) Obtained by processing oils falling within subheading 15.07 A I a) or 15.07 A I b), whether or not blended with virgin olive oil : In immediate packings of a net capacity of 5 kg or less, for destinations mentioned in Article 5 of Commission Regulation (EEC) No 2730/79 ('), as well as on export to third countries 67,00

(' OJ No L 317, 12. 12. 1979 , p. 1 .