(1)

The experience gained since the accession of the new Member States on 1 May 2004 shows that a greater proportion of export refund payments are being granted from the reserve referred to in the first subparagraph of Article 14(1) of Commission Regulation (EC) No 1520/2000 of 13 July 2000 laying down common detailed rules for the application of the system of granting export refunds on certain agricultural products exported in the form of goods not covered by Annex I to the Treaty, and the criteria for fixing the amount of such refunds (2).

(2)

In order to ensure that sufficient resources are available, the reserve for each budget year referred to in Article 14(1) of Regulation (EC) No 1520/2000 should be increased. Furthermore, the threshold set out in Article 14(3) of that Regulation at which the Commission may suspend the application of the reserve should be raised.

(3)

The measures provided for in this Regulation are in accordance with the opinion of the Management Committee on horizontal questions concerning trade in processed agricultural products not listed in Annex I to the Treaty,

(a)

In the first subparagraph of paragraph 1 ‘EUR 35 million’ is replaced by ‘EUR 40 million’.

(b)

In the second subparagraph of paragraph 3 ‘EUR 25 million’ is replaced by ‘EUR 30 million’.