Report from the Commission to the ACP-EC Committee of Ambassadors on the operation in 1996 of the export earnings stabilisation system under the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4.11.1995
COMMISSION OF THE EUROPEAN COMMUNITIES it * Brussels, 01. 12. 1997 COM(97) 641 final REPORT FROM THE COMMISSION TO THE ACP-EC COMMITTEE OF AMBASSADORS On the operation in 1996 of the export earnings stabilisation system under the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4. 11. 1995 Stabex. application year 199t Report by the Commission pursuant to Article 207(4) of the revised fourth ACP-EC Convention Article 207(4) of the revised Lomé IV Convention states: "On 30 September. the Commission shall report to the Committee of Ambassadors on the progress made with the processing of all transfers. " This report covers transfers for the 1996 year of application. The Commission found 20 ACP States to be eligible for 27 transfers under the system in respect of 1996. Following consultation under Articles 202 and 203 of the Convention, as appropriate, the total of eligible transfers is ECU 73 584 806. For the 1996 year of application the position regarding the financial resources available under the system is: ECU - allocation application in respect of the 1996 year of 360 000 000 - balance for 1995 to be carried over to 1996 283 758 176 - estimated interest up to 30 June 1997 18 528 392 Total $02 38$ 508 This means that all transfers eligible in 1996 can be covered, but the funds will not be available until the revised Convention comes into force, which will not be until the Financial Protocol is ratified. For the 1995 year of application a Decision of the ACP-EC Council of Ministers (No 2/96 of 28. 6. 1996) allowed funds unused under the first Financial Protocol to be used to advance the transfers approved in respect of that year. As a similar solution is not possible for 1996, the Commission decision determining Stabex transfers for that year had to be adopted subject to the revised Convention entering into force and having being ratified by the ACP State due to receive a transfer. This Decision was taken on 18 July 1997. The transfer agreements referred to in the Commission Decision will have to be signed, and the transfers paid out, immediately after the revised Convention enters into force and has been ratified by the ACP State due to receive the transfer. The list of transfers for the 1996 year of application is annexed to this report. STABEX- 1996 YEAR OF APPLICATION Annex l e c i t r A 3 0 2 / 2 0 2 * s n o i t a t l u s n o c r e f s n a r T r e t f a i s s a b n o i t a t l u s n o c CM •<" o. 2 co •C <-< "- o < Amount transferred Country Product CD T3 O CJ C 3 O O 224 236 248 252 Sudan Burkina Faso Senegal Gambia 257 264 280 306 324 Guinea-Bissau Sierra Leone Togo Central African Republic Rwanda 328 Burundi 352 370 375 Tanzania Madagascar Comoros 386 Malawi 460 465 467 473 812 816 Dominica Saint Lucia Saint Vincent and Grenadines Grenada Kiribati Vanuatu IN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Gum arabic Beans Groundnut products Cotton, neither carded nor combed Shrimps Wood Green or roasted coffee Green or roasted coffee Wood Tea Pyrethrum saps and other extracts Uncured skins Green or roasted coffee Uncured skins Tea Vanilla Vanilla Cloves Essential oils Green or roasted coffee Tea Green bananas Green bananas Green bananas Green bananas Copra Cocoa beans Reference level Earnings in year of application Loss of earnings t n u o m A i d e n a t e r i " e s h c n a r f " 44. 588. 431 5. 742. 997 68. 840. 017 1. 231. 825 1. 833. 275 1. 137. 372 4. 859. 389 14. 740. 715 10. 977. 955 2. 940. 718 451. 215 2. 495. 512 42. 564. 238 1. 979. 515 24. 715. 674 14. 370. 540 4. 832. 432 729. 792 3. 577. 138 10. 253. 156 41. 513. 187 30. 498. 935 66. 571. 595 36. 419. 452 3. 452. 470 2. 300. 210 1. 670. 915 24. 545. 800 5. 642. 210 53. 833. 025 688. 170 1. 227. 510 1. 012. 882 2. 677. 801 8. 331. 925 6. 457. 550 1. 283. 480 0 2. 087. 148 34. 667. 200 1. 077. 610 21. 417. 493 11. 424. 680 1. 453. 750 235. 830 2. 747. 520 9. 428. 210 39. 901. 525 21. 633. 150 61. 982. 100 25. 477. 270 1. 043. 827 1. 935. 520 1. 342. 430 20. 042. 631 100. 787 10. 006. 992 543. 655 605. 765 124. 490 2. 181. 588 6. 408. 790 4. 520. 405 1. 657. 238 451. 215 408. 364 7. 897. 038 901. 905 3. 298. 181 2. 945. 860 3. 378. 682 493. 962 829. 618 824. 946 1. 611. 662 8. 865. 785 4. 589. 495 10. 942. 182 2. 408. 643 364. 690 328. 485 445. 884 0 3. 002. 098 0 0 0 48. 594 147. 407 109. 780 0 0 0 425. 642 0 247. 157 143. 705 48. 324 0 0 0 0 1. 372. 452 1. 376. 848 1. 638. 875 155. 361 0 0 Transfer basis after amount retained 19. 596. 747 100. 787 7. 004. 894 543. 655 605. 765 124. 490 2. 132. 994 6. 261. 383 4. 410. 625 1. 657. 238 451. 215 408. 364 7. 471. 396 901. 905 3. 051. 024 2. 802. 155 3. 330. 358 493. 962 829. 618 824. 946 1. 611. 662 7. 493. 333 3. 212. 647 9. 303. 307 2. 253. 282 364. 690 328. 485 0 0 0 77. 384 277. 341 36. 326 1. 216. 233 2. 525. 216 0 0 228. 377 0 4. 288. 507 499. 168 0 0 1. 723. 900 290. 582 0 161. 813 0 0 0 905. 491 1. 510. 826 115. 140 129. 817 19. 596. 747 100. 787 7. 004. 894 466. 271 328. 424 88. 164 916. 761 3. 736. 167 4. 410. 625 1. 657. 238 222. 838 408. 364 3. 182. 889 402. 737 3. 051. 024 2. 802. 155 1. 606. 458 203. 380 829. 618 663. 133 1. 611. 662 7. 493. 333 3. 212. 647 8. 397. 816 742. 456 249. 550 198. 668 Total: 445. 288. 670 348. 555. 616 96. 733. 054 9. 162. 127 87. 570. 927 13. 986. 121 73. 584. 806 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 b 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 0 I)1 0 6 0 0 0 0 0 0 0 0 0 19. 596. 747 100. 787 7. 004. 894 466. 271 328. 424 88. 164 916. 761 3. 736. 167 4. 410. 625 1. 657. 238 222. 833 408. 364 3. 182. 889 402. 737 3. 051. 024 2. 802. 155 1. 606. 458 203. 380 829. 618 663. 133 1. 611. 662 7. 493. 333 3. 212. 647 8. 397. 816 742. 456 249. 550 198. 668 0 73. 584. 806 ISSN 0254-1475 COM(97) 641 final DOCUMENTS EN 09 17 11 Catalogue number : CB-CO-97-696-EN-C ISBN 92-78-28940-X Office for Official Publications of the European Communities L-2985 Luxembourg