Commission Implementing Regulation (EU) No 674/2011
of 13 July 2011
fixing an acceptance percentage for the issuing of export licences, rejecting export-licence applications and suspending the lodging of export-licence applications for out-of-quota sugar
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Whereas:
According to Article 61, first subparagraph, point (d) of Regulation (EC) No 1234/2007 the sugar produced during the marketing year in excess of the quota referred to in Article 56 of that Regulation may be exported only within the quantitative limit fixed by the Commission.
The quantities of sugar covered by applications for export licences exceed the quantitative limit fixed by Regulation (EU) No 397/2010. An acceptance percentage should therefore be set for quantities applied for on 4, 5, 6, 7 and 8 July 2011. All export-licence applications for sugar lodged after 8 July 2011 should accordingly be rejected and the lodging of export-licence applications should be suspended,
HAS ADOPTED THIS REGULATION: