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ANNEX XXXII

COMMUNITY DECLARATION ON ARTICLE 95 OF THE CONVENTION

THE AMOUNTS INDICATED IN ARTICLE 95 TO COVER ALL THE FINANCIAL RESOURCES PLACED AT THE DISPOSAL OF THE ACP STATES BY THE COMMUNITY ARE EXPRESSED IN EUA , THE EUA BEING DEFINED BY THE COUNCIL DECISION OF 21 APRIL 1975 ON THE DEFINITION AND CONVERSION OF THE EUROPEAN UNIT OF ACCOUNT USED FOR EXPRESSING THE AMOUNTS OF AID MENTIONED IN ARTICLE 42 OF THE ACP-EEC CONVENTION OF LOME .

BY A DECISION OF THE COUNCIL OF THE EUROPEAN COMMUNITIES , WHICH WILL BE COMMUNICATED TO THE ACP STATES , THE EUA MAY BE REPLACED BY THE ECU AS DEFINED BY COUNCIL REGULATION ( EEC ) N 3180/78 OF 18 DECEMBER 1978 .

IN THE EVENT OF SUCH A DECISION BEING TAKEN , AND IN ORDER TO SIMPLIFY THE METHODS OF MANAGING THE VARIOUS CONVENTIONS , THE ECU WOULD ALSO BE APPLIED TO OPERATIONS INITIATED OR TO BE INITIATED UNDER THE PREVIOUS CONVENTIONS .