31990R3578

COUNCIL REGULATION (EEC) No 3578/90 of 11 December 1990 amending Regulation (EEC) No 1678/85 fixing the conversion rates to be applied in agriculture

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community,

Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (1), as last amended by Regulation (EEC) No 2205/90 (2), and in particular Article 2 (3) thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the Monetary Committee,

Whereas the agricultural conversion rates currently applicable were fixed by Regulation (EEC) No 1678/85 (3), as last amended by Regulation (EEC) No 3300/90 (4);

Whereas, in the case of Portugal, the first stage of the specific transitional arrangements for milk and milk products, beef and veal, cereals and rice, wine, pigmeat, poultry products and fresh fruit and vegetables, referred to in Article 260 of the Act of Accession, ends on 31 December 1990; whereas an agricultural conversion rate corresponding to actual economic circumstances must be fixed for the products in question with effect from 1 January 1991, taking account of the rate applicable to other products,

HAS ADOPTED THIS REGULATION:

Article 1

Annex X to Regulation (EEC) No 1678/85 is hereby replaced by the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 11 December 1990. For the Council The President V. SACCOMANDI

ANNEX X

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