11957E040

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ARTICLE 40

1 . MEMBER STATES SHALL DEVELOP THE COMMON AGRICULTURAL POLICY BY DEGREES DURING THE TRANSITIONAL PERIOD AND SHALL BRING IT INTO FORCE BY THE END OF THAT PERIOD AT THE LATEST .

2 . IN ORDER TO ATTAIN THE OBJECTIVES SET OUT IN ARTICLE 39 A COMMON ORGANISATION OF AGRICULTURAL MARKETS SHALL BE ESTABLISHED .

THIS ORGANISATION SHALL TAKE ONE OF THE FOLLOWING FORMS , DEPENDING ON THE PRODUCT CONCERNED ;

( A ) COMMON RULES ON COMPETITION ;

( B ) COMPULSORY COORDINATION OF THE VARIOUS NATIONAL MARKET ORGANISATIONS ;

( C ) A EUROPEAN MARKET ORGANISATION .

3 . THE COMMON ORGANISATION ESTABLISHED IN ACCORDANCE WITH PARAGRAPH 2 MAY INCLUDE ALL MEASURES REQUIRED TO ATTAIN THE OBJECTIVES SET OUT IN ARTICLE 39 , IN PARTICULAR REGULATION OF PRICES , AIDS FOR THE PRODUCTION AND MARKETING OF THE VARIOUS PRODUCTS , STORAGE AND CARRY-OVER ARRANGEMENTS AND COMMON MACHINERY FOR STABILISING IMPORTS OR EXPORTS .

THE COMMON ORGANISATION SHALL BE LIMITED TO PURSUIT OF THE OBJECTIVES SET OUT IN ARTICLE 39 AND SHALL EXCLUDE ANY DISCRIMINATION BETWEEN PRODUCERS OR CONSUMERS WITHIN THE COMMUNITY .

ANY COMMON PRICE POLICY SHALL BE BASED ON COMMON CRITERIA AND UNIFORM METHODS OF CALCULATION .

4 . IN ORDER TO ENABLE THE COMMON ORGANISATION REFERRED TO IN PARAGRAPH 2 TO ATTAIN ITS OBJECTIVES , ONE OR MORE AGRICULTURAL GUIDANCE AND GUARANTEE FUNDS MAY BE SET UP .