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Europe Daily Bulletin No. 8431

28 March 2003
Contents Publication in full By article 28 / 46
GENERAL NEWS / (eu) eu/agriculture
Court of Auditors suggests complete review of pre-financing of export refunds

Brussels, 27/03/2003 (Agence Europe) - The Court of Auditors suggests at the European Commission, in a special report (No 1/2003) made public on Wednesday, that the system for pre-financing of export refunds should be fully reviewed if not abolished. The system, which was established in 1969 (one year after the creation of export refunds), consists in paying the beneficiary as soon as the basic product intended for export is placed under the customs control regime for storage or processing...

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