25. 6. 93 Official Journal of the European Communities No L 154/17 COUNCIL REGULATION (EEC) No 1551/93 of 14 June 1993 fixing the prices, aids and percentages of aid to be retained in the olive-oil sector for the 1993/94 marketing year THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European - Economic Community, and in particular Article 43 thereof, Having regard to the Act of Accession of Spain and Portugal, and in particular Article 89 (1) and Article 234 {2) and (3) thereof, Having regard to Council -Regulation (EEC) No 136/66/EEC of 22 September 1966 on the establishment of a common organization of the market in oils and fats (1), and in particular Articles 4 (4}, 5 (1) and 11 (6) thereof, - Having regard to the proposal from the Commission (%), Having - regard to the opinion of the European Parliament (3), : Having regard to the opinion of the Economic and Social Committee {*), Whereas the target price for olive-oil production must be fixed in accordance with the criteria laid down in Article 4 and 6 of Regulation No 136/66/EEC; Whercas the intervention price must be fixed in accordance with the criteria laid down in Article 8 of Regulation No 136/66/EEC; Whereas Council Regulation (EEC) No 3815/92 of 28 December 1992 on application of the common intervention price for olive oil in Spain (°) provides that the common intervention price is to apply in Spain from 1 January 1993; Whereas Council Regulation (EEC) No 741/93 of 17 March 1993 on application of the common intervention price for olive oil in Portugal (*) provides that the common intervention price is to apply in Portugal from 1 April 1993; Whereas the representative market price must be fixed according to the criteria laid down in Article 7 of Regulation No 136/66/EEC; {') OJ No 172, 30. 9. 1966, p. 3025/66. Regulation as last amended by Regulation (EEC) No 2046/92 (O] No L 215, 30. 7. 1992, p. 1). {*) OJ No C 80, 20. 3. 1993, p. 15. {*) O] No C 150, 31. 5. 1993. (*) O] No C 129, 10. 5. 1993, p. 25. (*) O No L 387, 31. 12. 1992, p. 9. (¥) O] No L 77, 31. 3. 1993, p. 7. Whereas the threshold price must be fixed in such a way that the selling price for the imported product at the frontier crossing point determined in accordance with Article 9 of Regulation No 136/66/EEC is the same as the representative market price, account being taken of the effect of the measures referred to in Article 11 (6) of the said Regulation; Whereas, if producers are to receive a fair income, production aid must be fixed in the light of the impact which the consumption aid has on part only of production; Whereas Articles 95 and 293 of the Act of Accession make provision for Community aid for the production of olive oil in Spain and Portugal; whereas, pursuant to Articles 79 and 246 of that Act, the Community aid in Spain and Portugal should be aligned on the common aid at the beginning of the marketing year; whereas the rules on that alignment would result in different Spanish and Portuguese aid rates; whereas, however, taking into account the advance application of the common intervention price in those two countries, the same amount of aid should be applied in Spain and Portugal as from the 1993/94 marketing year; ' Whereas, in accordance with Articles 5 (4) and 20d (1) of Regulation No 136/66/EEC, . the percentages of production aid to be allocated to' finance measures to improve the quality of olive-oil production and to finance expenditure incurred in the work done by recognized producer organizations or associations thereof in administering” and controlling olive-oil production aid, should be determined; ‘ Whereas Article 2 of Council Regulation (EEC) No 3416/90 of 27 November 1990 on the introduction of Community aid for the consumption of olive oil in Spain and Portugal (7) lays down criteria for adjusting this aid to the Community level; Whereas the application of those criteria in Spain and Portugal would entail a serious distortion of the market, given the fact that application of the common intervention price in Spain from 1 January 1993 and in Portugal from 1 April 1993 has led to the abolition of the ‘accession’ compensatory amounts applicable to trade to and from these countries; whereas, as a result, the criteria in Regulation (EEC) No 3416/90 should be derogated from as regards the amounts of consumption aid applicable in Spain and Portugal, and these should be (') O] No L 330, 29. 11. 1990, p. 6.