31988R0860

No L 87/46 Official Journal of the European Communities 31 . 3 . 88

COMMISSION REGULATION (EEC) No 860/88 of 30 March 1988 fixing the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN COMMUNITIES, priate, to take account of export costs for the products on the world market ; Having regard to the Treaty establishing the European Economic Community, Whereas, in accordance with Article 5 of Regulation (EEC) No 1650/86, it may be decided that the refund Having regard to the Act of Accession of Spain and shall be fixed by tender ; Portugal,

Whereas the tendering procedure should cover the Having regard to Council Regulation No 136/66/EEC of amount of the refund and may be limited to certain coun­ 22 September 1966 on the establishment of a common tries of destination, quantities, qualities and presenta­ organization of the market in oils and fats ('), as last tions ; amended by Regulation (EEC) No 3994/87 (2),

Whereas the second indent of Article 2 of Regulation Having regard to Council Regulation (EEC) No 1650/86 (EEC) No 1650/86 provides that the refund on olive oil of 26 May 1986 on export refunds and levies on olive may be varied according to destination where the world oil (3), and in particular the first sentence of Article 3 ( 1) thereof, market situation or the specific requirements of certain markets make this necessary ; Having regard to the opinion of the Monetary Committee, Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86 Whereas Article 20 of Regulation No 136/66/EEC provides that the refund must be fixed at least once every provides that, where prices within the Community are month ; whereas it may, if necessary, be altered in the higher than world market prices, the difference between intervening period ; these prices may be covered by a refund when olive oil is exported to third countries ; Whereas it follows from applying these detailed rules to the present situation on the market in olive oil and in Whereas the detailed rules for fixing and granting export particular to olive oil prices within the Community and refunds on olive oil are contained in Regulations (EEC) on the markets of third countries that the refund should No 1650/86 and (EEC) No 616/72 (4), as last amended by be as set out in the Annex hereto ; Regulation (EEC) No 2962/77 0 ; Whereas, following the introduction of the combined­ Whereas the first indent of Article 2 of Regulation (EEC) nomenclature by Council Regulation (EEC) No No 1650/86 provides that the refund must be the same 2658/87 the nomenclature applicable from 1 January for the whole Community ; 1988 to export refunds on agricultural products was esta­ blished by Regulation (EEC) No 3846/87 0 ; Whereas, in accordance with Article 4 of Regulation (EEC) No 1650/86, the refund for olive oil must be fixed Whereas, if the refund system is to operate normally, in the light of the existing situation and outlook in rela­ refunds should be calculated on the following basis : tion to olive oil prices and availability on the Community market and olive oil prices on the world market ; — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Whereas, however, where the world market situation is of 2,25 %, a rate of exchange based on their central such that the most favourable olive oil prices cannot be rate, multiplied by the corrective factor provided for in determined, account may be taken of the price of the the last paragraph of Article 3 (1 ) of Council Regula­ main competing vegetable oils on the world market and tion (EEC) No 1676/85 (8), as last amended by Regula­ the difference recorded between that price and the price tion (EEC) No l636/87 (9); of olive oil during a representative period ; — for other currencies, an exchange rate based on the Whereas the amount of the refund may not exceed the arithmetic mean of the spot market rates of each of difference between the price of olive oil in the Commu­ these currencies recorded over a given period in rela­ nity and that on the world market, adjusted, where appro­ tion to the Community currencies referred to in the previous indent, and the aforesaid coefficient ;

(') OJ No 172, 30. 9. 1966, p. 3025/66. (2) OJ No L 377, 31 . 12. 1987, p. 30. (6) OJ No L 256, 7. 9. 1987, p. 1 . (3) OJ No L 145, 30. 5. 1986, p. 8. O OJ No L 366, 24. 12. 1987, p. 1 . (4) OJ No L 78, 31 . 3. 1972, p. 1 . (8) OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 348, 30. 12. 1977, p. 53. 0 OJ No L 153, 13. 6. 1987, p. 1 .

31 . 3. 88 Official Journal of the European Communities No L 87/47

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

Whereas the measures provided for in this Regulation are Article 2 in accordance with the opinion of the Management Committee for Oils and Fats, This Regulation shall enter into force on 1 April 1988 .

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

Done at Brussels, 30 March 1988 .

For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 30 March 1988 fixing the export refunds on olive oil

(ECU/100 kg)

Product code Amount of refund (')

1509 10 90 100 53,40 1509 10 90 900 102,00 1509 90 00 100 55,85 1509 90 00 900 107,01 1509 00 90 100 13,50­ 1509 00 90 900 53,27

(') For destinations mentioned in Article 5 of Commission Regulation (EEC) No 2730/79 (OJ No L 317, 12. 12. 1979, p. 1 ), as well as for exports to third countries.