Affordable Access

Report from the Commission on the operation in 2000 of the export earnings stabilisation system under the Fourth ACP-EC Convention as revised by the Agreement signed in Mauritius. COM (2001) 694 final, 27 November 2001

Publication Date

Abstract

Microsoft Word - en.doc COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 27.11.2001 COM(2001) 694 final REPORT FROM THE COMMISSION on the operation in 2000 of the export earnings stabilisation system under the Fourth ACP-EC Convention as revised by the Agreement signed in Mauritius. 2 REPORT FROM THE COMMISSION on the operation in 2000 of the export earnings stabilisation system under the Fourth ACP- EC Convention as revised by the Agreement signed in Mauritius. 1. INTRODUCTION 1. Article 31.3 of the Internal Agreement on the financing and administration of Community aid states: Each year the Commission shall draw up a comprehensive report for the Member States on the operation of the system of stabilisation of export earnings and the use made by the ACP States of the funds transferred 2. This report covers the activities of the ACP-EC institutions and the administration of the system in 2000, paying special attention to the allocation of transfers for 1999, the fifth year of application of Stabex under the fourth ACP-EC Convention as revised by the Agreement signed in Mauritius. This was the final year of application of the export earnings stabilisation system. Indeed, under the ACP-EC Partnership Agreement, signed at Cotonou on 23 June 2000, it was decided to replace this system by one providing additional support to cover fluctuations in these earnings, this support forming part of the National Indicative Programme for ACP States. For this final year of application of Stabex, it has been possible to cover all transfers, as has been the case for previous years under the second financial protocol. 3 2. ACTIVITIES OF THE ACP-EU INSTITUTIONS 3. By decision N° 1/2000 of 27 July 20001 concerning the transitional measures applicable from 2 August 2000 until the ACP- EU Partnership Agreement comes into force, the ACP-EC Council of Ministers extended until 31 December 2000 the provisions of the Fourth ACP-EC Convention as revised by the Agreement signed in Mauritius on 4 Nov

There are no comments yet on this publication. Be the first to share your thoughts.