Introductory text

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community,

Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a common organization of the market in oils and fats^f1, as last amended by Regulation (EEC) No 3499/90^f2, and in particular Articles 5 (5) and 11 (8) thereof,

Whereas imports from non-member countries into the Community of olives for oil production are constantly increasing; whereas there is a danger that production and consumption aids on olive oil may be granted for the oil pressed from these olives;

Whereas, under the Community rules, these aids are restricted to olive oil produced from olives grown in the Community; whereas appropriate action should therefore be taken to ensure that these aids are not granted for oil produced from olives released for free circulation in the Community;

Whereas imposition of a requirement to lodge a security appears to involve least hindrance to trade and hence to be the most appropriate action;

Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Oils and Fats,

HAS ADOPTED THIS REGULATION: