10Regulation (EEC) No 729/70 of the Council of 21 April 1970 on the financing of the common agricultural policy (OJ, English Special Edition 1970(I), p. 218), as amended by Council Regulation (EC) No 1287/95 of 22 May 1995 (OJ 1995 L 125, p. 1; ‘Regulation No 729/70’), provided, in Article 1(1) that the European Agricultural Guidance and Guarantee Fund (EAGGF) is to form part of the budget of the European Union and comprise two sections, the ‘Guarantee Section’ and the ‘Guidance Section’. Under paragraph 2, the ‘Guarantee Section’ is to finance, inter alia, refunds on exports to third countries.
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