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Report from the Commission to the Council on the operation during 1983 of the export earnings stabilization system set up by the Lome Convention and the Decision on the Association of the OCT with the EEC. COM (84) 622 final, 14 November 1984

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  • Economics

Abstract

COMMISSION OF THE EUROPEAN COMMUNITIES COM<84) 622 final Brussels, 14 November 1984 REPORT FROM THE COMMISSION TO THE COUNCIL ON THE OPERATION DURING 1983 OF THE EXPORT EARNINGS STABILIZATION SYSTEM SET UP OY THE LOME CONVENTION AND THE DECISION ON THE ASSOCIATION OF THE OCT WITH THE EEC COM(84) 622 final I. INTRODUCTION 1. Article 27 of the Internal Agreement on the financing and administration of Community aid stipulates: "each year the Commission shall draw up a comprehensive report for the Member States on the operation of the system of stabilization of export earnings and the use made by the ACP States of the funds transferred. The report shall indicate in particular the effect of the system on the economic development of the recipient countries and on the development of external trade. This Article shall also apply as regards the countries and territories." 2. This report covers, for the period 1 January to 31 December 1983, the activities of the ACP-EEC institutions, the activities of the EEC institutions, the administration of the system, the results, the replenishment of resources, the use made of the transfers and their economic impact. For the admininistration aspect, this report covers the requests made for transfers for the 1982 application year. - 2 - II. THE ACTIVITIES OF THE ACP-EEC INSTITUTIONS A. The ACP-EEC Council of Ministers 3. The ACP-EEC Council of Ministers held two sessions, one special and one ordinary (the eighth>, on 19 and 20 May 1983 in Brussels. 4. The purpose of the special Council session was to carry out an in-depth examination of Stabex within the framework of the second Lome Convention. Talks focused on two aspects: the financial state of the system and Stabex's impact on the ACP States' economies, notably in the Light of the way the transfers were used. 5. Concerning the financial state of the system in the 1980 and 1981 application years 2, the ACP States appealed to the Community to rele

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