31988R0460

No L 46/28 Official Journal of the European Communities 19 . 2. 88

COMMISSION REGULATION (EEC) No 460/88 of 18 February 1988 fixing the export refunds on malt

THE COMMISSION OF THE EUROPEAN specific criteria to be taken into account when the refund COMMUNITIES, on these products is being calculated ;

Having regard to the Treaty establishing the European Whereas it follows from applying these detailed rules to • Economic Community, the present situation on the market in products processed from cereals and rice that the export refund should be fixed at an amount which will cover the difference between Community prices and world market prices ; Having regard to the Act of Accession of Spain and Portugal,

Whereas the world market situation or the specific requirements of certain markets may make it necessary to Having regard to Council Regulation (EEC) No 2727/75 vary the refund for certain products according to destin­ of 29 October 1975 on the common organization of the ation : market in cereals ('), as last amended by Regulation (EEC) No 3989/87 (2), and in particular the fourth subparagraph of Article 16 (2) thereof, Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Having regard to the opinion of the Monetary Committee, — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Whereas Article 16 of Regulation (EEC) No 2727/75 of 2,25 % , a rate of exchange based on their central provides that the difference between quotations or prices rate, multiplied by the corrective factor provided for in on the world market for the products listed in Article 1 of , the last paragraph of Article 3 (1 ) of Council Regula­ those Regulations and prices for those products within tion (EEC) No 1676/85 (*), as last amended by Regula­ the Community may be covered by an export refund ; tion (EEC) No 1636/87 0,

— for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each of Whereas Article 2 of Council Regulation (EEC) No these currencies recorded for a given period in rela­ 2746/75 of 29 October 1975 laying down general rules for tion to the Community currencies referred to in the granting export refunds on cereals and criteria for fixing previous indent and the aforesaid coefficient ; the amount of such refunds (3), provides that when refunds are being fixed account must be taken of the existing situation and the future trend with regard to Whereas, following the introduction of the combined prices and availabilities of cereals on the Community nomenclature' by Council Regulation (EEC) No market on the one hand and prices for cereals and cereal 2658/87 (8), the nomenclature applicable from 1 January products on the world market on the other ; whereas the 1988 to export refunds on agricultural products was same Article provides that it is also important to ensure established by Regulation (EEC) No 3846/87 (9) ; equilibrium and the natural development of prices and trade on cereal markets and, furthermore, to take into account the economic aspect of the proposed exports, and Whereas the refund must be fixed once a month ; the need to avoid disturbances on the Community market ; whereas it may be altered in the intervening period ;

Whereas Council Regulation (EEC) No 2744/75 of 29 Whereas, pursuant to Article 275 of the Act of Accession October 1975 on the import and export system for of Spain and Portugal, refunds may be granted in the case products processed from cereals and from rice (4), as last of exports to Portugal ; whereas, in the light of the situa­ tion and the level of prices no refund should be fixed in amended by Regulation (EEC) No 1906/87 (5), defines the the case of exports to Portugal ;

(') OJ No L 281 , 1 . 11 . 1975, p. 1 . 0 OJ No L 377, 31 . 12. 1987, p. 1 . i6) OJ No L 164, 24. 6. 1985, p. 1 . (3) OJ No L 281 , 1 . 11 . 1975, p. 78 . 0 OJ No L 153, 13. 6. 1987, p. 1 . (4) OJ No L 281 , 1 . 11 . 1975, p. 65. (8) OJ No L 256, 7. 9. 1987, p. 1 . 0 OJ No L 182, 3. 7. 1987, p. 49. 0 OJ No L 366, 24. 12. 1987, p. 1 .

19 . 2. 88 Official Journal of the European Communities No L 46/29

Whereas the Management Committee for Cereals has not The refund on export to Portugal has not been fixed. delivered an opinion within the time limit set by its Chairman,

HAS ADOPTED THIS REGULATION : Article 2 Article 1 The export refunds on malt listed in Article 1 (d) of Regu­ lation (EEC) No 2727/75 subject to Regulation (EEC) No This Regulation shall enter into force on 19 February 2744/75 shall be as set out in the Annex hereto. 1988 .

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

Done at Brussels, 18 February 1988 . For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to die Commission Regulation of 18 February 1988 fixing the export refunds on malt

(ECU / tonne) Product code Refund

1107 10 19 000 117,00 1107 10 99 000 170,00 1107 20 00 000 200,00