Oils and fats: financing programmes drawn up by approved operators' organisations in olive sector (Regulation (EC) No 1638/98; derog. Regulation No 136/66/EEC)

PURPOSE : to set the limits to the community financing of work programmes drawn up by approved operators' organisations in the olive oil sector provided for in Regulation 1638/98/EC. COMMUNITY MEASURE : Council Regulation 1873/2002./EC. CONTENT : this Regulation aims to encourage operators in the olive oil sector to organise themselves, in particular with a view to improving quality. At present, measures to improve quality are financed by means of two amounts withheld based on actual annual production in the Member States. This new Regulation changes the basis for calculation of the amount withheld to a maximum of 3%, referring to the unit amount of the production aid and the national guaranteed quantity, thus making it possible to prevent the current fluctuations linked to the actual levels of production achieved. ENTRY INTO FORCE : 29/10/2002. The Regulation is applicable from 01/11/2002.�