Commission report to the ACP-EC Committee of Ambassadors for the 1998 year of application on progress in processing transfers under the export earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4 November 1995
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 16. 12. 1999 COM(1999) 696 final COMMISSION REPORT TO THE ACP-EC COMMITTEE OF AMBASSADORS for the 1998 year of application on progress in processing transfers under the export earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4 November 1995 1 COMMISSION REPORT TO THE ACP-EC COMMITTEE OF AMBASSADORS for the 1998 year of application on progress in processing transfers under the export earnings stabilisation system set up by the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4 November 1995 Stabex, application year 1998 Report by the Commission pursuant Convention. to Article 207(4) of the revised fourth ACP-EC 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 1998 year of application. The Commission found 13 ACP States to be eligible for 18 transfers under the export earnings stabilisation system set up by the revised fourth ACP-EC Convention. Following consultations under Articles 202 and 203 of the Convention, as appropriate, the total of eligible transfers is EUR 74 728 228. For the 1998 year of application the position regarding the financial resources available under the system is as follows: - tranche annual for the 1998 year of application - balance for 1995 to be carried over to 1998 - balance for 1996 to be carried over to 1998 - balance for 1997 to be carried over to 1998 - estimated interest up to 30 June 1999 Total EUR 360. 000. 000 271. 251. 306 286. 415. 194 295. 207. 178 33. 729. 441 1. 246. 603. 119 2 This means that all eligible transfers for 1998 can be covered. The list of individual transfers decided by the Commission on 26 July 1999 is annexed to this report. Consultations, mainly to do with statistics, are still under way with three ACP States (Mauritania, Sudan and Tanzania) and so any transfers for these countries will be decided at a later date. But whatever the case, the amount in transfers is much less than the resources available after deduction of the total concerned by this decision. 3 ANNEX STABEX – application year 1998 Country Product Reference level Actual earnings Losses Amount retained (franchise) Transfer basis after franchise Reduction after consultations Transfer basis after consultations Art. 194(2) Art. 194(4) Reduc- tio Reduction TRANS- FER Senegal Groundnut products 49 988 812 41 405 030 8 583 782 2 249 497 6 334 285 0 Togo Cocoa beans 8 498 132 7 414 132 1 084 000 0 1 084 000 589 609 Raw coffee 18 011 177 13 567 811 4 443 366 180 112 4 263 254 2 258 118 Cotton, neither carded nor combed 66 189 826 59 746 401 6 443 425 661 898 5 781 527 2 748 769 Oil cake 3 617 330 3 192 820 424 510 0 424 510 0 Cameroon Raw coffee Rwanda Raw coffee 106 162 15 87 367 520 18 794 638 4 777 297 14 017 341 2 162 876 37 490 781 35 418 717 2 072 064 72 064 2 000 000 Pyrethrum 279 032 0 279 032 Raw hides and skins 2 528 067 2 133 969 394 098 Burundi Raw hides and skins 1 230 862 154 360 1 076 502 Malawi Cotton, neither carded nor combed 307 712 160 100 147 612 0 0 0 0 279 032 394 098 139 820 232 554 73 590 1 076 502 872 699 147 612 0 Dominica Fresh bananas 25 736 206 22 508 902 3 227 304 968 191 2 259 113 671 905 St Lucia Fresh bananas 60 627 284 52 239 885 8 387 399 2 516 220 5 871 179 1 774 623 151 070 12 107 739 20 43 330 923 1 510 701 41 820 222 0 41 820 222 Solomons Wood Kiribati Copra 2 820 200 2 779 132 41 068 Vanuatu Cocoa beans 1 506 979 1 255 945 251 034 Samoa Oil cake 188 548 155 491 33 057 Haiti Cocoa beans 3 014 516 2 736 483 278 033 4 0 0 0 0 41 068 251 034 33 057 278 033 9 132 93 944 0 0 31 936 157 090 33 057 278 033 6 334 285 494 391 2 005 136 3 032 758 424 510 11 854 465 1 860 180 46 478 320 508 203 803 147 612 1 587 208 4 096 556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 334 285 494 391 2 005 136 3 032 758 424 510 11 854 465 1 860 180 46 478 320 508 203 803 147 612 1 587 208 4 096 556 41 820 222 31 936 157 090 33 057 278 033 74 728 228