1 edition of Stabex system and export revenues in ACP countries found in the catalog.
Stabex system and export revenues in ACP countries
by European Commission, Directorate-General for Development, Information Unit in Brussels (Belgium)
Written in English
|Series||Development -- DE 93, Dec. 1997, Development (Luxembourg, Luxembourg) -- DE 93|
|The Physical Object|
|Pagination||36 p. :|
|Number of Pages||36|
en - a 10 %, or 2 % in the case of least-developed countries, loss of export earnings from the total of agricultural or mineral products compared with the arithmetical average of the earnings in the first three years of the first four years preceding the application year for countries where the agricultural or mineral export revenues represent more than 40 % of total export revenues from goods. It also introduces the STABEX system (to compensate ACP countries for the shortfall in export earning due to fluctuation in the prices or supply of commodities). Lomé II Signed in and corresponding to the fifth EDF ( BECU), it does not introduce major changes, except for the SYSMIN system (help to the mining industry of those ACP.
COMMISSION OF THE EC () Ten Years of Lomé — A Record of the ACP-EEC Partnership –, Brussels. Google Scholar COMMISSION OF THE EC () Europe Information Development (DE 63), ‘The Export Stabilization System (STABEX)’, Brussels. Downloadable (with restrictions)! As part of the Lome Convention the STABEX programme is one of the instruments of the European Union's development policy. Its objective is to reduce the instability of the agricultural export earnings of the developing countries which signed the agreement. By working on a commodity-by-commodity basis, this paper provides an empirical evaluation of the effects.
1. According to the STABEX regulation, payments can be claimed for goods in which, during the year preceding the claim, the concerned country suffered a 5 % loss (4% in the case of sisal) in total export proceeds, after trade with all destination countries had been completed. 2. A system for stabilizing export receipts (Stabex) was created to ensure regular revenues for ACP countries; and sugar produced by ACP countries enjoyed the guarantees of the Common Agricultural Policy (CAP), up to a cap established every five years. The EEC .
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The Stabex (from French Système de Stabilisation des Recettes d'Exportation) is the acronym for a European Commission compensatory finance scheme to stabilise export earnings of the ACP countries. Stabex system and export revenues in ACP countries.
Brussels (Belgium): European Commission, Directorate-General for Development, Information Unit, (OCoLC) Material Type: Government publication, International government publication: Document Type: Book: OCLC Number: Notes: "Catalogue no.: CC-AMEN-C"--Page 4 of. Get this from a library.
The stabex system and export revenu[e]s in ACP countries. [European Commission. Directorate-General for Development.;]. Your browser does not support iframes. To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.
See Lomé Convention. Collins dictionary of law. Stewart. The shortfall in funding to meet current claims on the EEC's export earnings stabilization scheme (Stabex) has diverted attention from the operations of the scheme and its merits and shortcomings in providing developing countries with compensatory finance.
This paper takes a sample of 10 ACP recipients of Stabex, which together drew over half. Jenkings T.N., (), The Benefits to the ACP Countries of the EEC-ACP Export Earnings Stabilisation Scheme, Journal of Agricultural Economics, 2, pp.
Commission of the EC, (), STABEX Users' Guide. Third ACP-EEC Convention, Brussels. Commission of the EC, (), “Le STABEX system and export revenues in ACP countries” DE 93, Development, Brussels. Committee of Development Polcy, (), “Report on the first session”, Economic and Social Council, United Nation, New York.
The Stabex scheme has for a decade been internal to the EEC-ACP cooperation arrangements. It has transferred about ECU 1 billion to 48 ACP countries, though with heavy concentration on a few. Designed to address fluctuations in individual commodity earnings (now exclusively agricultural exports), it differs from the IMF scheme for compensatory.
The Stabex system was not designed to stabilise unstable commodity prices. Its purpose is confined to mitigating the ill effects of losses of export earnings by the ACP States when there is a fall in world prices and/or in exports.
The term "export revenue" is used in the definition "export revenue percentage" in subsection (1). "export revenue percentage" "Export revenue percentage" of a person is determined by dividing the person’s total export revenue for a year (as defined in subsection (1)) by the person’s specified total revenue for the year, also as defined in that subsection.
Through the STABEX system, it stabilized export earnings for single-export countries in hard times, thus establishing a harmonious and stable relation between producers and users of raw materials. The joint EEC/ACP* Council of Ministers held its second session in Fiji on. Export earnings stabilisation mechanisms: an assessment The Lomé Convention between the EU and the ACP countries envisaged a mechanism for the stabilisation of ACP export earnings: STABEX.
This mechanism offsets the loss in export revenues suffered for each one of the 49 commodities, mainly agricultural products, listed in the Convention and. (b) Stabilisation in the Stabex system is directed towards the product-linked revenue of ACP countries' exports to the EC (Art) and, as a special arrangement for (at present) 13 ACP countries, towards the total of product-linked export earnings of these particular countries (Art.
46, Par. the ACP exports to the EU for one particular product does not necessarily mean a complementary stabilisation of the country's total export revenue" (Herrmann R.,p. 8)9. This means that only a large proportion of the sustained STABEX-products over total exports guarantees the stabilisation of overall export earnings.
of exports from the ACP to OECD countries) 46 Ten ACP countries facing biggest export losses, relative to their total revenue from exports to the EU 47 Recent estimates of the impact of the Uruguay Round on global income/welfare 52 Indicative list of cumulation opportunities 61 South African trade with ACP countries ( export receipts in ACP countries seems to be as relevant today as when it was created in During the last fifteen years, in ACP countries, instability of agricultural exports has been as high.
STABEX: System for the Stabilisation of Export Earnings (under the Lomé Convention) Source: EIU Various Issues, IMF Directory of Trade Statistics Year book. For manufacturers to benefit from exemption from tariffs, levies or duties or similar barriers, ACP exports must ‘originate’ in the ACP.
The ACP countries have been excluded. The Stabex fund is an EU financial initiative, as part of the system for stabilizing export revenues from ACP countries (Africa, Caribbean and Pacific) The funds provided by the EU are to finance activities for developing production techniques on an export scale over the next three years, for mangoes, citrus fruits and palms in Guinea Bissau.
History. The first Lomé Convention (Lomé I), which came into force in Aprilwas designed to provide a new framework of cooperation between the then European Economic Community (EEC) and developing ACP countries, in particular former British, Dutch, Belgian and French had two main aspects: It provided for most ACP agricultural and mineral exports to enter the EEC free of duty.
The Convention grants non-reciprocal trade preferences to ACP countries and establishes Stabex: compensatory mechanism for loss of export earnings due to price fluctuations.
It is coupled with the 4th EDF. Signing of the 2nd Lome Convention by 58 ACP countries (coupled with the 5th EDF).comprised 46 ACP countries. During the five-year duration, the number rose to 53 and the Lomé IV reached 71 ACP countries. The Lome convention had ambitious goals: promotion of EC-ACP trade, agricultural and industrial development, special aid for least-developed countries, support for regional cooperation, export earning stablisation scheme.Commodity price instability has a negative impact on economic growth, countries' financial resources, and income distribution, and may lead to increased poverty instead of poverty alleviation.
Many countries, especially in Africa, derive more than 90% of their export earnings from commodities.