COMMISSION COMMUNICATION TO THE COUNCIL apportionment of Stabex balance from the second lomé ConventionDraft DECISION OF THE ACP

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In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
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COMMISSION OF THE EUROPEAN COMMUNITIES
C0MC85) 835 f i n a l
B r u s s e ls , 16 January 1986
£QÎ3 !3I§§IQN_C OMMUNI CAT!0N_T0_THE_ COUNCIL
appo r t ionm en t o f Stabex balance f rom the second Lomé Convent ion
D ra f t
D|ÇISI0N_0F_IHE_AÇP=EEÇ_Ç0UNÇIL_0£_MINISTERS
a p p o r t i o n i n g the ba lance o f the funds f rom the system f o r s t a b i l i z a t i o n
o f e x p o r t ea rn ings under the second ACP-EEC Convent ion
COM(85) 835 f i n a l
- 2 -
I ■ Background and purpose o f the Communica t i o n
1. This Communicat ion i s based on:
- A r t i c l e 35 o f the second Lomé Convent ion , which s t a t e s :
"Be fo re the e x p i r y o f the p e r io d r e f e r r e d t o i n A r t i c l e 31, the
Counci l o f M i n i s t e r s s h a l l dec ide on the use o f any ba lance remain ing
f rom the o v e r a l l amount e s ta b l i s h e d i n A r t i c l e 31, as w e l l as on the
c o n d i t i o n s f o r f u r t h e r use o f any amounts s t i l l t o be r e p le n is h e d
by the ACP S ta tes under A r t i c l e s 42 and 43, f o l l o w i n g the e x p i r y o f
the p e r io d r e f e r r e d t o i n A r t i c l e 31."
- The second paragraph o f A r t i c l e 8 o f Dec is io n 2/85 o f the
ACP-EEC Counc i l o f M i n i s t e r s o f 22 February 1985, conce rn ing
t r a n s i t i o n a l measures t o app ly f rom 1 March 1985, which p r o v id e s :
" A r t i c l e 35 o f the s a id Convent ion s h a l l c o n t in u e t o a p p l y , except
f o r the d u r a t i o n t h e r e o f , which s h a l l be extended u n t i l the t h i r d
ACP-EEC Convent ion e n te rs i n t o f o r c e . "
- Dec is ion 7/85 o f the ACP-EEC Counc i l o f M i n i s t e r s o f 21 June 1985,
which de lega ted t o the ACP-EEC Committee o f Ambassadors powers to
take a d e c i s i o n under A r t i c l e 35 o f the second Lomé Convent ion .
2. For the p a r t o f the d e c i s i o n which dea ls w i t h the use o f the Stabex
ba lance , regard shou ld be had:
(a) to A r t i c l e 2 o f D ec is ion 7/85 which s t a t e s "Any balance r e f e r r e d
to i n A r t i c l e 35 o f the second Convent ion s h a l l be rese rved f o r
the payment o f an a d d i t i o n a l share o f the amounts wh ich , a t the
end o f the f i n a n c i a l years r e l a t i n g t o the 1980 and 1981 years
o f a p p l i c a t i o n , a f t e r compensat ion o f rep len ishm ent c la im s and
t a k i n g i n t o account the m o b i l i z a t i o n o f a l l a d d i t i o n a l resources
under the s a id year o f a p p l i c a t i o n , had not been c o v e r e d . "
(b) t o the f a c t t h a t when a d o p t ing the d e c i s i o n , the Counc i l o f M i n i s t e r s
noted i n i t s c o n c lu s io n s t h a t account shou ld be t a k e n , i n d e c id in g
on a p p o r t io n m e n t , o f the ACP S ta te s ' p roposa l t o take i n t o
c o n s id e r a t i o n the s p e c ia l s i t u a t i o n and d i f f i c u l t i e s o f the
l e a s t -d e v e lo p e d ACP S ta te« on the l i s t i n A r t i c l e 1 5 5 (3 ) (a ) o f
Lomé I I .
3. The p re sen t Communicat ion c o n ta in s p roposa ls t o the Member S ta tes
re g a rd in g the p o s i t i o n t o be taken on the ACP-EEC Committee o f Ambassadors
concern ing the d e c i s i o n on:
- use t o be made o f the b a la n c e , hav ing regard t o the c o n s id e r a t i o n s in
paragraph 2;
- use t o be made subsequen t ly o f the amounts s t i l l t o be r e p a id by the
ACP S ta tes a f t e r e x p i r y o f the second Lomé Convent ion .
A d r a f t d e c i s i o n t o be su bm i t te d t o the ACP-EEC Committee o f Ambassadors
i s appended f o r app rova l t o t h i s Communicat ion.
- 3 -
I I . Al l o c a t i o n and b re a kdown o f balance
4. A number o f p o in t s need to be covered:
- the s i z e o f the balance remain ing at the end o f Lomé I I ;
- the purpose f o r which the money i s to be used;
- the fo rm u la f o r apport ionment o f the balance among e l i g i b l e ACP S ta te s ;
- the payment c o n d i t i o n s ;
- the na tu re o f payments.
(a) Size o f balance and purpose f o r which money i s t o be used
5. Annex 1 to t h i s Communication shows the f i n a l balance l e f t over from
the Lomé I I Stabex fund a f t e r a p p r a i s a l o f a l l t r a n s f e r a p p l i c a t i o n s
r e l a t i n g t o the l a s t a p p l i c a t i o n year (1984). The t o t a l i s 127 180 016 ECU.
6 . A r t i c l e 2 o f Dec is ion 7/85 o f the ACP-EEC Counci l o f M i n i s t e r s i s
c l e a r as t o the purpose f o r which t h i s money i s t o be used: the whole sum
must be used in p a r t i a l compensat ion o f the e f f e c t s o f the 1980 and 1981
s h o r t f a l l . This means:
- none o f the money can be used in any o th e r o f the ways which might
have been c ons ide red ;
- i t must be app o r t ion e d s o l e l y between ACP S tates whose j u s t i f i e d ^
t r a n s f e r a p p l i c a t i o n s f o r 1980 and 1981 were not covered i n f u l l .
There are 28 o f these c o u n t r i e s , l i s t e d i n Annex IV ; 19 o f them are
l e as t -de v e lop e d c o u n t r i e s (LLDCs) w i t h i n the meaning o f the f i r s t paragraph
o f A r t i c l e 255 o f Lomé I I I . In a l l , 43 t r a n s f e r s are i n v o l v e d , 27 o f
them to LLDCs.
(b) Formula f o r apport ionment
7. The Committee o f Ambassadors i s r e q u i re d t o a p p o r t i o n the a v a i l a b l e
127 180 016 ECU between 28 c o u n t r i e s , t a k i n g i n t o account :
- the amounts not covered by the t r a n s f e r s made i n f a v o u r o f the c o u n t r i e s
concerned ;
- the need t o g ive more generous t rea tm en t to l e a s t -d e v e lo p e d ACP S ta tes .
We t h e r e f o r e need to agree on an es t im a te o f the amounts not covered and a fo rmu la f o r
apport ionment which takes account o f the second o f these c r i t e r i a .
Note t h a t because o f the " s a f e t y n e t " f o r r e d u c t io n s some o f the
a p p l i c a t i o n s f o r the two y e a r s , t o t a l l i n g 5 124 345 ECU, were covered
i n f u l l .
- 4 -
( i ) The amounts no t covered
8. These amounts can be assessed by measur ing the d i f f e r e n c e , w h e r e a t r a n s f e r
had t o be reduced, between the j u s t i f i e d request and the a c tu a l
payment.
A r t i c l e 2 o f Dec is ion 7/85 o f the ACP-EEC Counc i l o f M i n i s t e r s o f
21 June s p e l l s ou t what i s meant by:
- j u s t i f i e d re q u e s ts : the sum o f reques ts acknowledged a f t e r a p p r a i s a l
t o be j u s t i f i e d (714 214 774 ECU), less amounts o f f s e t by rep len ishm ent
c la im s (25 787 209 ECU) and reques ts f o r which payment was made in f u l l
(5 124 345 ECU), which g iv e s a t o t a l o f 683 303 220 ECU;
- a c tu a l t r a n s f e r s : a c tu a l t r a n s f e r s app roved , i n c l u d i n g the a d d i t i o n a l
resources made a v a i l a b l e under the L i b r e v i l l e d e c i s i o n , which t o t a l
315 705 270 ECU.
9. The t o t a l sum o f the amounts not covered(see Annex I I ) i n c r e a s e s t h e r e f o r e t o
367 597 950 ECU ; i t can be p a r t i a l l y o f f s e t by the 127 180 016 ECU ba lance
l e f t a t the end o f the Conven t ion .
( i i ) A p p o r t i onment
10. Annex I I shows how the amounts not covered have v a r i e d depending on the
year (1980 o r 1981) and the ca tego ry o f c o un t ry (LLDC o r o t h e r ACP)
concerned.
The v a r i a t i o n i n t h e amounts not c o v e r e d , i n terms o f pe rcen tage r e d u c t i o n o f the
j u s t i f i e d r e q u e s t , i s shown i n the f o l l o w i n g t a b l e :
Reduct ion o f e n t i t l e m e n t :
1980 1981 1980/1981
(a) A l l t r a n s f e r s 47.8% 57.5% 53.8%
(b) LLDCs 40.5% 53.3% 45.1%
(c) Other ACP 52.6% 58.1% 56.5%
Rat io o f (b) t o (c ) 1.30 1.09 1.25
i
- 5 -
11. Note t h a t (a) the o v e r a l l re d u c t io n was l a r g e r in 1981 than in 1980,
57.5% a ga in s t 47.8%, and (b) the LLDCs' p r e f e r e n t i a l edge was c o ns id e ra b ly
less in 1981, when the cu t a p p l ie d to the o th e r ACP was o n ly 9% g r e a t e r ,
than i n 1980, when the d i f f e r e n t i a l was 30%.
As th e amounts not covered by the t r a n s f e r requests p resen ted by the l e a s t
developed ACP S ta tes are r e l a t i v e l y s m a l le r than those f o r the o r d i n a r y ACP
S ta te s , i t would be u n f a i r s im p ly t o a p p o r t i o n the balance i n p r o p o r t i o n to
the amounts not compensated f o r the c lose o f the 1980/1981 e x e r c i s e .
12. Another fo rm u la must be sought , based on the Lomé I I I n e g o t i a t i o n s
which produced A r t i c l e 1 5 5 (3 ) (c ) o f the new C o n v e n t i o n , but t a k i n g
i n t o account the l i m i t e d funds a v a i l a b l e .
13. A c c o r d in g l y , we propose the f o l l o w i n g approach, t a k i n g account o f
two f a c t o r s (see Annex I I I f o r d e t a i l e d c a l c u l a t i o n s ) :
- a v a i l a b l e cash: the 127 180 016 ECU balance w i l l reduce the o v e r a l l
cu t f o r 1980/1981 f rom 53.8% to 35.2%;
- p r e f e r e n t i a l t r e a tm e n t f o r LLDCS: the f i n a l re d u c t i o n f o r the two
c a te g o r ie s o f c o un t ry w i l l correspond t o the p re fe rence enshr ined in
A r t i c l e 1 5 5 (3 ) ( c ) o f Lomé I I I - i . e . the cu t w i l l be 30% g r e a te r f o r
o r d i n a r y ACPs than f o r LLDCS.^
14. The a c tu a l r e d u c t io n s *-L work out a t :
- 28.6% f o r LLDCs, which i s w i t h i n the 30% l i m i t se t i n A r t i c l e 1 5 5 ( 3 ) ( c ) ;
- 37.2% f o r o th e r ACPs, aga in w i t h i n the 40% l i m i t s e t .
A r t i c l e 1 5 5 (3 ) ( c ) reads : " I n no case s h a l l the r e d u c t i o n o f each
t r a n s f e r b as is r e f e r r e d t o i n (a) exceed:
- 30% f o r the ACP S ta tes l i s t e d i n A r t i c l e s 257 and 260, ( f o r the second
a r t i c l e f o o t n o t e n° 2 r e f e r s ) .
- 40% f o r the o th e r ACP S t a t e s . "
A r t i c l e 1 5 5 ( 3 ) (c ) r e f e r s t o le as t -de ve lop e d c o u n t r i e s ( A r t i c l e 257) and
land locked c o u n t r i e s ( A r t i c l e 260). This does not a f f e c t the outcome o f
apport ionment in t h i s case, s ince a l l the land locked c o u n t r i e s concerned
are a ls o LLDCs, so the two c a te g o r ie s o v e r l a p .
'The r a t i o o f 1 :3 i s the same as t h a t worked ou t f o r the 1980 a p p l i c a t i o n
yea r .
- 6 -
15. The r e s u l t s o f a p p l i c a t i o n o f the fo rm u la are se t out i n Annex IV .
They are summarized by ca tego ry o f c o u n t ry i n the t a b l e o v e r l e a f
( 6a ) , and show t h a t :
- a p p l i c a t i o n o f the Stabex ba lance r a i s e s the o v e r a l l cover r a t e f rom
46.2% to 64.8%;
- the appor t ionment fo rm u la r a i s e s the LLDCs' cover r a t e f rom 54.9% to
71.4% and the r a te f o r the o th e r ACPs f rom 43.5% to 62.8%.
(c ) C o nd i t io n s and n a tu r e o f payments
16. We propose t h a t the Lomé I I payment p rocedure be f o l l o w e d :
- c o nc lu s io n o f a f i n a n c i n g agreement between the Commission and each
ACP S ta te concerned ( A r t i c l e 4 0 ( 2 ) ) ;
- i n d i c a t i o n o f p robab le use o f t r a n s f e r , i n compl iance w i t h the o b j e c t i v e s
o f the system ( A r t i c l e 41(1) and ( 2 ) ) ;
- r e p o r t t o be su bm i t te d w i t h i n tw e lve months o f the s i g n i n g o f the t r a n s f e r
agreement ( A r t i c l e 4 1 ( 3 ) ) .
- r e c o n s t i t u t i o n o f funds t r a n s f e r r e d , a c c o r d i n g t o the r u l e s a t a r t i c l e s 42 t o 44.
17. F o l low ing the usua l Lomé I I p rocedu re , the ACP S ta tes w i l l a l s o have
t o s t a t e the European c u r re ncy o r c u r r e n c ie s i n which payment shou ld be
made, and the number o f the bank account t o be c r e d i t e d .
( d ) O f f s e t t i n g repayments
18. Some o f the ACP S ta tes r e c e i v i n g a share o f the Stabex ba lance a re r e q u i r e d
t o c o n t r i b u t e t o the r e c o n s t i t u t i o n o f t h e system i n accordance w i t h t h e p r o v i ­
s ions o f A r t i c l e s 42 and 43 o f Lomé I I .Some c o u n t r i e s have f o r c e r t a i n amounts
f u l f i l l e d th e c o n d i t i o n s l a i d down a t t h e f o r e g o in g and have thus been o b l i g e d
to r e c o n s t i t u t e . B y ana logy w i t h the ad hoc measures approved by the ACP-EEC Counc i l
a t L i b r e v i l l e and the second in d e n t o f A r t i c l e 174(2) o f Lome I I I ( 1 ) , i t i s
proposed to se t t h e repayments due f rom these c o u n t r i e s a g a in s t t h e i r
e n t i t l e m e n t t o a share o f the Stabex b a la n ce . I n so f a r as the compensat ion
w i l l be aimed a t t h e r e c o n s t i t u t i o n o b l i g a t i o n s , which have been e s t a b l i s h e d
and made known t o the ACP S ta te concerned , and which a re due s o l e l y a t a l a t e r
d a te , the s a id o b l i g a t i o n s w i l l be c a l c u l a t e d t a k i n g i n t o c o n s i d e r a t i o n the
a c tu a l va lues o f the co r re spo n d ing amounts.
19. In l i n e w i t h t h e L i b r e v i l l e d e c i s i o n and A r t i c l e 174 o f Lomé I I I , t h e r e f o r e ,
the sum i n t h e t r a n s f e r agreement would be i n t h i s case th e net sum rem a in ing a f t e r
t h e repayment i s âedubtéa, wrircn i n d i c a t e s t h a t t h e r e c o n s t i t u t i o n r u l i n g
( a r t i c l e s 42 t o 44) does no t a pp ly t o t h e amounts co r re spo n d ing t o compensat ion .
A r t i c l e 174(2) reads : "The c o n t r i b u t i o n may be made, a t the request
o f the ACP S t a t e , e i t h e r :
- d i r e c t to the sys tem, or
- by d ed u c t i on f rom i t s t r a n s f e r r i g h t s e s t a b l i s h e d b e fo re any a p p l i c a t i o n
o f A r t i c l e 155, or
- by payment i n l o c a l c u r re n c y . In t h i s case . . . "
Resu l ts o f appor t ionment by ca tegory o f c oun t ry
"
Toed l
j u s t i f i e d
reques ts
Cm ECU)
A lready
paid
Cm ECU)
S i t u a t i o n oe fo re
apport ionment o f balance Sums
o u ts ta n d in g
Cm ECU)
T o ta l pa id
i n e . share
o f balance'
Cm ECU)
S i t u a t i o n befo re j
apport ionment o f balance I
Reduct ion
53,8 X
45,1 X
5 6 ,5 %
I
Cover ra te
46,2 X
54,9 X
43,5 %
!
Reduct i on
-------------------------»
j
Cover ra te !
A l l ACP
LLDCs
Other ACP
683,303
160,154
523,149
315,TO
88,008
227,697
I
127,180
26,322
100,858
442,885
114,330
328,555
35.2 X
28,6 X
37.2 X
------------------------ _|
---------------- -------4
I
64,8 X i
71,4 % j
62,8% j
- 7 -
20. In the event t h a t the rep le n ishm en t o b l i g a t i o n i s l a r g e r than the
e n t i t l e m e n t t o a share o f the b a lance , the t r a n s f e r w i l l be zero and
the balance w i l l remain as a c la im a t the e x p i r y o f the Convent ion
(see paragraph 24 ) . The sums co r respond ing t o repayments w i l l
be c r e d i t e d by o th e r ways t o the Lomé I I I Stabex fun d .
I l l . Subsequent use o f amounts s t i l t t o be re p a id
2 1 A r t i c l e 35 o f Lomé I I does not app ly o n ly t o use o f the Stabex ba lance ,
but a l s o t o the use o f any amounts s t i l l t o be re p a id by ACP S ta tes f rom
e a r l i e r t r a n s f e r s .
Such c la im s are based on the Commission 's rev iew o f c o n d i t i o n s f o r
rep len ishment i n the seven years f o l l o w i n g payment o f the t r a n s f e r , pursuant t o
A r t i c l e 43(2) o f Lomé I I . Replenishment c la im s a l r e a d y e s t a b l i s h e d have been
n o t i f i e d to the ACP S ta tes concerned , which must pay o n e - f i f t h o f the amount
a n n u a l l y over f i v e y e a r s , a f t e r a tw o -yea r grace p e r i o d .
(a) Timing
2 2 So f a r the tw o -y e a r grace p e r io d has not e lapsed f o r any o f the
repayment o b l i g a t i o n s . The f i r s t repayment in s ta lm e n t i n respec t o f a
t r a n s f e r f o r the Lomé I I a p p l i c a t i o n p e r io d f a l l s due i n 1986, a f t e r e x p i r y
o f the Convent ion .
th repayments
i ch p ro v ide s
We can w a i t
use o f
ime o f
- 8 -
( b ) Ut i L i z a t i on
24 . A r t i c l e 33(3) o f the second Convent ion p ro v id e s t h a t sums re p a id
s h a l l be c r e d i t e d to the annual i n s ta lm e n t i n use a t the t im e .
A r t i c l e 154(3) o f Lomé I I I makes a s i m i l a r p r o v i s i o n .
We t h e r e f o r e propose t h a t repayments i n respec t o f o b l i g a t i o n s a c c ru in g
under the second Convent ion be c r e d i t e d t o the Lomé I I I annual i n s t a lm e n t
f o r the year o f payment.
IV . Cone l u s i o n
25. In the l i g h t o f the f o r e g o i n g , i t i s proposed t h a t the d r a f t d e c i s i o n
a t Annex V be adopted and t r a n s m i t t e d f o r f i n a l a p p ro v a l t o the
ACP-EEC Committee o f Ambassadors.
Balance o f fund fo r the stab i l i zat ion of
export earnings under the second ACP-EEC Convention
Application
year
Annual 0
instalm ent'
Carried
over
Advance use of
instalment in
preceding
year
Brought forward
from follow ing
year
Additional
resources
.Total available
fo r application
year
Payments in
respect of
.application
year
Balance
1980 110.000.000 5 .975 .905 (2 ) - + 22.000.000 - 137.975.905 137.975.905
-
1981 111.750.000 - - 22.000.000 + 22.350 .000 + 70.753.710
+182.853.710 182.853.710 -
1982 111.750.000 - - 22.350.000 + 13.852.363 -
103.252.363 103.252.363
1983 111.750.000 - - 13.852.363 - --
97.897.637 50.4 68. 149 47.429 .488
1 984 111.750.000 47.429.488 - - ~~
159.179.488 31.999.472 127 .180 .016
Vne annual instalment is 110 m illio n ECU (see A rtic le 31 o f Lomé I I : 550 m illio n ECU, fo r f ive application years).
From ' i l onwards a fu rthe r 7 m illio n ECU was added to cover the accession o f Zimbabwe, so the four remaining annual
instalments were increased by 750 000 ECU.
o
Balance from Lame I .
3The 70 753 710 ECU is made up o f A0 m illio n ECU o f in te rest from the EDF to be used fo r short-term development pro jects,
plus 30 753 710 ECU representing repayments of special loans in addition to the o rig in a l Stabex payments.
Annex I I
Amounts not covered
1 . A pp l i c a t i o n s
(a) T o ta l j u s t i f i e d a p p l i c a t i o n s
(b) Repayment c la im s
o f f s e t
1980
261.107.143
ECU
1981 Total
(c) J u s t i f i e d a p p l i c a t i o n s pa id i n f u l l 3 .360.141
(d) T o ta l j u s t i f i e d a p p l i c a t i o n s
s u b je c t t o a re d u c t io n
(e) - LLDCs
(f> - Other ACP
2, Payment
(a) O r i g i n a l Stabex a l l o c a t i o n
(b) A d d i t i o n a l resources
(c) J u s t i f i e d a p p l i c a t i o n s
pa id i n f u l l
(d) T o ta l
(e) ~ LLDCs
( f ) - Other ACP
t Amounts n o t covered
(a)
(b)
(c )
T o ta l
- LLDCs
- Other ACP
257.747.002
103.332.219
154. A H .783
137.975.905
■ 3.360.141
134.615.764
453.107.631 7 1 4 .2 1 4 .7?4
- 25.787 .209 - 25.787.209
- 1 .764.204 - 5.124.345
4 25.556.21 8 ,r 6 8T"._3 0 3.2 ? O
56.822 .204 160.154.^23
368.734.014 523.148.797
112 .100.000 250.075.905
70.7 5 3.71 0 70 .'7 5 3. 71 0
• 1.764.204
181.089.506
5.124
31 5 .705 .2 70)
61 .488.685
73.127 .079
123.131.238
41.843 .534
81.287 .704
26.519.384
154.570.122
88.008 .069
227.697.201
244.466.712 367.597.950
30.302 .820 7 2 .H 6 .3 5 4
214 .163.892 295.451.596
Annex I I I
Apport ionment fo rmu la
ECU
1
The f o l l o w i n g terms are known:
- T o ta l j u s t i f i e d a p p l i c a t i o n s : 0JACp 683 303 220
T o ta l LLDC j u s t i f i e d a p p l i c a t i o n s : DJ 160 154 423
T o ta l j u s t i f i e d a p p l i c a t i o n s ( o t h e r ) : DJ 523 148 797d
T o ta l t r a n s f e r r e d i n c l u d i n g ba la nce : MTT 442 885 286
2. The o v e r a l l r a t e o f r e d u c t i o n (TRg = 1 - ^ 1 1 ) i s a l s o
DJ ACP
known: 0.35185.
3. I n o rd e r t o f i n d the s p e c i f i c r a t e s o f r e d u c t i o n f o r
LLDCs (TRpn]])) and non-LLDC ACP S ta tes (TRg) , we must s o lv e the
f o l l o w i n g e q u a t io n s :
(a) TR
a . , ,
i r - 1 .3 ( t a r g e t e qu a t ion )
PMD
(b)
4. The two equa t ions produce the f o l l o w i n g answers:
TRpmd = 0.28612
TRg = 0.37196
1 ; ;
A b b re v ia t i o n s have been l e f t i n French f o r ease o f compar ison.
ACP S ta te Product
★
Benin Cotton
Palm o i l
Palm nut o i L
T o ta l
&
Burundi Cof fee
Cameroon Cocoa p roduc ts
Cof fee
T o ta l
C e n t ra l A f r i c a * Cof fee
I v o r y Coast Cof fee
Dominica* Bananas
. ★
E th io p ia Coffee
F i j i Coconut o i l
Gambia* G roundnuts
Groundnut o i l
O i l cake
T o ta l
Ghana Cocoa
j Guinea B issau* Groundnuts
|Jamaica Bananas
|Kenya Coffee
Least-deve loped coun t ry
Amounts in ECU
a ns re r be fo re
e o f A r t i c l e 34
th c la im o f f s e t
Sum pa id
i n e lu d in g
a d d i t i o n a l
resources
Percentage
r e d u c t i o n
T o ta l amount o f
t r a n s f e r
i n e lu d ing
balance
Amount to
be t r a n s f e r r e d
u )
' (21 (3) ( 4 ) = ( 1 ) - ( 1 ) x (3) C5)=(4)-(2)
279.910
547.448
1.171.228
130.169
254.585
544.663
28,6 199.820
390.808
836.108
69.651
136.223
291.440
! *???.- 1.426,736 4?7X 314
18.525.195 11.023.569 28,6 13.224.629 2.201.060
24.700.600
16.680.682
10.348.448
6.988.461
37,2 15.512.826
10.476.042
5.164.37 8
3.487.581
41.381.282 17.3J6.909 988^868
4.932.048 2.505.192 28,6 3.520.854 1-015.662
124.861.030 54.525.114 37,2 78.417.020 23.891.906
4.248.229 2.527.944 28,6 3.032". 694 504.750
2.083.050 968.702 28,6 1.487.032 518.330
3.130.409 1.495.687 57,2 1.966.005 470.318
11.157.193
8.460.125
3.045.119
6.017.081
4.631.565
1.663.916
28,6 7.964.8 1 4
6.039.451
2.173.827
1.947.733
1.407.886
509.911
12.312.562 l o . 178.09? 3.865.530
78.234.352 32.776.692 37,2 49.133.850 16.357.158
2.117.015 1.259.747 28,6 1.511.279 251.532
6.839.447 3.238.995 37,2 4.295.408 1 .056.41 3
71.4.38. 071 31.086.435 37,2 44.865.565 13.779.130
. . ...........- .. i___ ___
T ra n s fe r b e fo re Sum pa id
ACP Sta te Product use o f A r t i c l e 34 in c l u d i n g
w i t h c la im o f f s e t a d d i t i o n a l
resources
(1) ( 2 )
Madagascar Cof fee 8.212.870 3.440.826
Vani l la 2.537.569 1 - 2 1 1 .2 0 2
T o ta l 10.770.439 4.652.028
- *Malawi Tea 2.236.690 1 .330.961
M a l i * Shea nuts 1.247.938 653.39)
Groundnut p roduc t : 4.288.009 2.551.615
T o ta l 5*535.947 5 = 1 9 3 ;9Q$
Papua NG Coffee 22.488.108 9.421.513
Cocoa 13.696.000 5.738.012
Copra 3.307.501 1.385.695
Coconut o i l 2.769.103 1.160.130
T o ta l 42.260.712 17.705.350
Rwanda Coffee 12.374.108 7.208.422
bt Luc ia Bananas 2.267.910 1.349.538
Solomon î s * Copra 1.555.393 723.321
Western Somoa* Cocoa j 4.572.974 2.393.836
Copra | 2.226.476 1.035.401
Tota l
.799; 450 3*429.237
*Sao Tome Cocoa 2.139.373 994.895
Leas t -deve loped c oun t ry
Amounts in ECU
Percentage T
re d u c t i o n t
i t
b
Dta l amount o f
ransfer t
i c l u d i n g
alance
mount t o be
r a n s fe r r e d 1
(3) ( 4) = m - ( 1 ) * ( 3 ) ( 5 ) ^ ( 4 ) - ( 2 )
3 7 , 2 5.157.965
1.606.241
1.717.139
395.039
6.764.206 2.112,178
28,6 1.596.712 265.751
28,6 1 È90.869
3.061.092
237.478
509.477
3*951.961 6,955
37,2 14.123.305
8.601.559
2.077.224
1.739.092
4.701.792
2.863.547
691.529
578.962
26.54 1.180 8, 835,830 I
?8,6 8.833.537 1.625.115
28,6 1.613.999 269.461
2 8 , 6 1.110.352 387.031 !
2 8 , 6 3.264.521
1.559.420
870.685
554.019
5 , 8 5 3 , 9 4 1 1 -424 , ZD4
2 8 , 6 1 . 5 2 7 . 2 4 0 532.345
” ,-------- ,---------- ..... .. .
—— ——
2 !
|-T*
>.
Amounts in ECU
ACP State Product
Transfer before
use of Arti c le 34
with claim offset
Sum paid
including
additional
resources
Percentage
reduction
Total amount of
t ransfer
including
balance
Amount to be
transferred
( i ) i2) (3) (4 ) - (1 )- (1 )x (3 ) (5 )= (4 ) - (2 )
Senegal |
!
Groundnuts
Groundnut products
Oi l cake
62.710.740
64.093.584
17.428.751
26.272.999
30.353.160
8.253.832
37,2 39.384.501
40.252.974
10.945.855
13.111.502
9.899.814
2.692.023
Total 144.233.075 64.879.991 ?0.583=330 25.ZQ3.33?
s ierra Leone* Palm nuts
Cocoa
3.919.986
114.723
2.030.037
53.351
28,6 2.798.371
81.898
768.334
28.547
•Total 4,034.709 2*083.388 880.2&? m . m
Somalia* Bananas 4.433.147 2.372.596 28,6 3.164.702 792.106
*
Sudan Groundnuts
Cotton
22.544.954
23.393.730
13.415.560
10.879.030
28,6 16.094.225
16.700.143
2.678.665
5.821.113
Total 45.938.684 32.794.368 8.499,778
*
Tanzania Coffee 12.004.221 6.949.151 23,6 8.169.4 84 1.620.353
Chad* Cotton 4.268.231 2.539.846 28,6
s
3.046.973 · 507.127
685.303.220 315.705.270 35,2 4 -2 .S85.286 127.180.016
★ Least-developea country
Annex V
DRAFT
. DECISION
OF THE ACP-EEC COUNCIL OF MINISTERS
apportioning the balance of the funds from
the system for s ta b i l iz a t io n of export
earnings under the second ACP-EEC Convention
- 2 -
THE ACP-EEC COUNCIL OF MINISTERS,
Having regard to the second ACP-EEC Convention signed in Lomé on
31 October 1979, and in p a r t ic u la r A rt ic les 33, 35, 40, 41, 42, 46 and
155 thereo f,
Having regard to the th ird ACP-EEC Convention signed in Lomé on
8 December 1984, and in p a r t ic u la r A rt ic les 154, 156 and 174 thereo f,
Having regard to Decision No 13/81 of the ACP-EEC Council of Ministers
of 19 June 1981 reducing Stabex transfers for the 1980 application year,
Having regard to Council Decision 82/464/EEC of 14 July 1982 a llocating
the sum of 30 753 710 ECU for compensatory payments to s ta b i l iz e export
earnings (1981),
Having regard to Decision No 9/82 of the ACP-EEC Council of Ministers of
5 August 1982 reducing transfers under the Stabex system for the
1981 application year,
Having regard to the conclusions of the ACP-EEC Committee of Ambassadors
(Stabex: inadequacy of resources for 1981) approved on 5 August 1982,
Having regard to Decision No 2/85 of the ACP-EEC Council of Ministers of
22 February 1985 on t ra n s i t io n a l measures to apply from 1 March 1985,
Having regard to decision No 7/85 of the ACP-EEC Council of Ministers of
21 June 1985 delegating powers to the ACP-EEC Committee of Ambassadors
to deal with the balance of the fund for s ta b i l iz a t io n of export earnings,
Whereas a f te r payment of Stabex transfers for the f in a l application year
under the second ACP-EEC Convention a balance of the fund remains unspent;
Whereas the system lacked s u f f ic ie n t resources for the 1980 and 1981
application years to enable the ACP States to be compensated in f u l l for
th e ir loss of earnings and transfers had accordingly to be reduced;
Whereas Decision No 7/85 of the ACP-EEC Council of M inisters provides that
the balance of the Stabex resources should be used to pay part of the amounts
outstanding;
Whereas the said Decision also provides that replenishment claims shall
be o ffse t and that the m obilization of add itional resources shall be taken
in to account;
Whereas the treatment of the transfers fo r the 1980 and 1981 application
years should, a f te r apportionment of the balance, be id e n t ic a l;
- 3 -
Whereas A r t ic le 46(2) of the second ACP-EEC Convention provides that when
transfers are reduced because of an in su ffic iency of funds, the special
d i f f i c u l t i e s of the ACP States l is te d in A r t ic le 1 5 5 (3 )(a) sha ll be taken
in to account; whereas regard should be had in p a r t ic u la r to A r t ic le 155(3 )(c )
of the th ird Lomé Convention;
Whereas provision should be made for applying the p r in c ip le stated at the
second indent of A r t ic le 174 (2) of the th ird ACP-EEC Convention ;
Whereas the apportioned funds should be paid out under t ra n s fe r
agreements using the procedure la id down in the second ACP-EEC Convention;
Whereas sums to be repaid during the l i fe t im e of the th ird ACP-EEC Convention
from Stabex transfers made before that period should go towards the Stabex
a l lo c a t io n under that Convention,
HAS DECIDED AS FOLLOWS:
A rt ic le 1
The balance remaining from the system for s ta b i l i z a t io n of export earnings
under the second ACP-EEC Convention is 127 180 016 ECU.
A r t ic le 2
1. The sum referred to in A r t ic le 1 sha ll be used in accordance with th is
Decision to pay part of the amounts outstanding from the 1980 and 1981
app lica t ion years.
2. The sum outstanding represents the d ifference between ju s t i f ie d transfer
app lications not paid in f u l l , net of o f fs e t replenishment claims to a
value of 25 787 209 ECU, a to ta l of 683 303 220 ECU, and the amounts paid
in p a r t ia l settlement out of ava ilab le resources, including an add it iona l
70 753 710 ECU, a to ta l of 315 705 270 ECU.
A r t ic le 3
The sum referred to in A r t ic le 1 shall be apportioned in such a way as
to ensure that the ra t io of the reduction rate for ACP States l is te d in
A r t ic le 155 (3 )(a ) of the second Convention to the rate fo r other
ACP States is .1 :1 .3 .
- 4 -
A r t ic le 4
1. A rt ic les 40 to 44 ° f the second Convention shall apply to payments
of shares of the sum referred to in A r t ic le 1.
2. The obligations of an ACP State to reconstitu te the transfers paid under
Lomé I I , which have been established and n o t i f ie d to the ACP State concerned
at the date of entry in to force of the present decision, w i l l be deducted against
the rights, to p a r t ic ip a te in the d is tr ib u t io n of the amount provided fo r the f i r s t
a r t ic le ,p a k in g in to consideration the real value of each ob ligation at that date.
3. Sums to which paraghaph 2 applies sha ll -be credited to the annual instalment
fo r the f i r s t app lication year under the th ird ACP_EEC Convention.
A r t ic le 5
1. Sums repaid in respect of transfers made before the l i fe t im e of the
th ird ACP-EEC Convention which f a l l due during that period shall be
allocated in accordance with A r t ic le 154(3) of that Convention.
2. Sums repaid in respect of transfers made before the l i fe t im e of
the th ird ACP-EEC Convention, which f a l l due a f te r that period shall be
allocated in accordance with a decision to be taken by the ACP-EEC Council
of Ministers under A r t ic le 156 of that Convention.
A r t ic le 6
The ACP States, the Member States and the Community shall be bound, each
to the extent to which i t is concerned, to take the measures necessary
to implement th is Decision.
Artie le 7
This Decision shall enter into force on the day on which i t is adopted.
Done at
For the ACP-EEC Council of Ministers
By the ACP-EEC Committee of Ambassadors


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