Traduction de «SMU » (Anglais → Français) :

Especially SMU´s are often not in a position to pre-finance expenditure.

285. Recalls that the Commission holds 30% (EUR 600 million) of the shares of the European Investment Fund (EIF), the cumulative portfolio of signed EIF operations (investment in venture capital funds and in the SMU guarantee markets) amounting to about EUR 7 billion at year-end 2002; notes that there is currently no agreement in force for the audit of the EIF by the Court of Auditors; emphasises that, pursuant to Article 248 of the Treaty, the Court is nonetheless entitled to undertake a comprehensive audit of the EIF and its operations; calls on the Court to include an overall audit of the EIF in its work programme so as to ensure t ...[+++]hat the financial management of the Fund is sound (compliance with the principles of economy, efficiency and effectiveness);

Assuming that the project supervisor is not the employer of SMU workers or self-employed persons, the costs of the information and training to be provided for them will be borne, in accordance with the legislation of the Member States, by the subcontracting undertaking or the public or private bodies responsible for the safe management of work that has to be carried out.

However, no statistics are available regarding the scale of the economic contribution of SMU to the tourist product as a whole.

- The method : SMU (covering all measures which have a real impact on the production decisions of farmers, reference to be made to a fixed external price).

- Modalities : First reduction stage of five years Credit for measures taken since 1986 - Scope : Priority to the sectors in structural surplus (cereals, rice, sugar, oilseeds, milk, beef and veal, pigmeat, eggs and poultry meat) - Rhythm : The scale of the movement should relate to a certain extent to the world market situation. An open approach : rebalancing and tariffication The problems occurring in agriculture are not exclusively due to excessive levels of support. The means by which support and protection are ensured is equally a source of serious difficulty. In particular, the different levels of support and protection for products directly competing at the production or consumption level provoke imbalances and inconsistencies, which ...[+++] are a cause of trade distortions. The Uruguay Round provides a unique opportunity to tackle this question by the rebalancing of support and protection. This is a fundamental question for the Community. Given the fact that rebalancing can be solved in the context of tariffication, the Commission is prepared to consider including elements of tariffication in the rules of external protection : - Boarder protection assured by a fixed component (reduced at a similar rate as the SMU) completed by a corrective factor taking into account exchange rate variations and world market fluctuations beyond certain agreed limits.