43The applicant contends that suspension of the operation of the contested decision is necessary to prevent serious and irreparable damage to itself.
44The annual quantity of sugar which enjoys the benefit of the ACP/OCT cumulation of origin rule, fixed by Decision 97/803 as 3000 tonnes for the entire sugar industry of the OCTs (see paragraph 14 above), is equivalent to the monthly production worked and processed in the applicant's factory and does not even assure the profitability of a single sugar factory in the OCTs.
45The implementation of Decision 97/803, of the implementing regulation and of the contested decision has already led to the cessation of the applicant's trading operations in Aruba and the closure of its factory. This is a consequence of the quantitative restriction introduced by Decision 97/803 and of the exclusion of the milling operation (see paragraph 19 above) from the list of working or processing operations judged sufficient for ACP sugar to be deemed to have originated in the OCTs.
46The cessation of the applicant's business also led to the dismantling of its factory because the machines were ‘mothballed’.
47Basing itself inter alia on the orders made on 17 October 1997 (Case 97/1405) and 19 December 1997 (Case 97/1657) by the President of the Arrondissementsrechtbank 's Gravenhage, the applicant contends that the damage it is now suffering as a result of the contested decision is serious and irreparable. It observes that, according to the orders, it was found to be ‘threatened by serious and totally irreparable damage’.
48According to the applicant, the damage suffered by it is serious because the total cessation of its business activities will lead to the cancellation of the contracts with its buyers, the loss of its market share, the premature termination of supply contracts with the cane sugar producer in Trinidad and Tobago, a loss of confidence by its investors, the loss of loan facilities, and redundancies. Consequently, substantial financial loss can be envisaged for the applicant and its shareholders.
49Since the opening of the Aruba factory in April 1997, approximately 10000 tonnes of sugar from ACP States had been processed by the applicant and exported to the Community. However, since 1 December 1997 Decision 97/803 had made exports to the Community impossible and reduced the applicant's turnover to zero.
50The nature of the investments made and the under-utilisation of the factory mean that the applicant cannot await the outcome of the main proceedings. The applicant claims that, as its business activities have been suspended, the fact that loans it obtained to finance the business will fall due for payment will in all probability cause it to become insolvent unless its application for interim measures is granted.
51The damage suffered by the applicant is also irreparable. First, it is particularly difficult to assess the present damage. Second, the reparation which it could obtain could hardly restore it to the position it held on the market in 1997 (order of 12 July 1990 in Case C-195/90 R Commission v Germany [1990] ECR I-3351).
52Even should it be shown, at this stage of the proceedings, that the damage suffered by the applicant is purely pecuniary in nature, which it is not, this would not mean that its application for interim measures must be dismissed on that ground.
53It is clear from the case-law that the judge hearing an application for interim measures must consider, on the basis of the particular circumstances of each case, the question whether the person concerned risks suffering damage which cannot be made good when the judgment in the main proceedings is given.
54This question must also be considered when the alleged damage is purely pecuniary (order of 29 September 1993 in Case T-497/93 R II Hogan v Court of Justice [1993] ECR II-1005). The possibility of bringing an action for damages under Article 215 of the Treaty does not mean that the alleged damage is neither serious nor irreparable (order of 21 August 1981 in Case 232/81 R Agricola Commerciale Olio and Others v Commission [1981] ECR 2193).
55The applicant claims that, as it is threatened with insolvency (order of 26 October 1994 in Joined Cases T-231/94 R, T-232/94 R and T-234/94 R Transacciones Marítimas and Others v Commission [1994] ECR II-885, paragraph 42) or, at least, has to bear an exceptionally heavy financial burden pending a judgment on the merits in the main proceedings (order of 25 August 1994 in Case T-156/94 R Aristrain v Commission [1994] ECR II-715, paragraph 33), the urgency criteria must be held to be satisfied in the present case.
56The Commission contends that the applicant has not proved that the condition of urgency has been satisfied.
57In particular, the applicant has not proved that the implementation of the contested decision would have irreversible effects on the applicant which could not be remedied after a judgment annulling the contested decision.
58The Commission adds that the alleged damage is purely financial. It cannot therefore be regarded as irreparable because financial compensation may be awarded at a later date.
59In any event, the applicant has not sufficiently clarified and substantiated its financial situation for the judge hearing this application for interim measures to grant its application for suspension.
60Finally, the Commission is unclear as to what extent the applicant can itself support any damage until the Court gives judgment in the main proceedings. On this point the Commission refers to an article in Business Magazine Management Team of 30 January 1998 which indicates that the applicant is connected with the American-Brazilian steel company Emesa.
61The judge hearing an application for interim measures must consider whether annulment of the contested act by the Court would make it possible to reverse the situation brought about by the immediate operation of that act and conversely whether suspension of operation would be such as to prevent it from being fully effective in the event of the main application being dismissed (see the order of 11 May 1989 in Joined Cases 76/89 R, 77/89 R and 91/89 R Radio Tele fis Eireann and Others v Commission [1989] ECR 1141, paragraph 15).
62It has been consistently held that the urgency of an application for interim measures must be assessed in relation to the necessity for an interim order to prevent serious and irreparable damage to the party applying for those measures. It is for the party seeking suspension of the operation of a contested decision to prove that it cannot wait for the outcome of the main proceedings without suffering damage that would entail serious and irreparable consequences (see the order of 12 May 1995 in Joined Cases T-79/95 R and T-80/95 R SNCF and British Railways v Commission [1995] ECR II-1433, paragraph 36).
63For the purpose of determining the requirements concerning evidence in the present case, it must be observed that Articles 108a and 108b, which introduce annual tariff quotas for rice and sugar exports to the Community, amend the OCT decision which, before it was amended by Decision 97/803, laid down no restrictions on the application of the ACP/OCT cumulation of origin rule so far as rice and sugar were concerned.
64It is clear from the seventh recital of Decision 97/803 that the Council inserted the new articles in the OCT decision in order to avoid a risk of conflict between two objectives of the Treaty, namely the development of the OCTs and the common agricultural policy. The establishment by the OCT decision of free access for all products of OCT origin and of ACP/OCT cumulation of origin had resulted in serious disruption of the Community market, which had on several occasions led to the adoption of safeguard measures.
65As the Commission and the French Government pointed out at the hearing, the tariff quotas in question were introduced in order to keep imports into the Community of sugar from the OCTs within limits compatible with the equilibrium of the Community sugar market. The absence of any quantitative restriction whatsoever could jeopardise such equilibrium to the detriment of Community producers. The Commission and the French Government also stated that any quantity of sugar imported in excess of the present import limits would create a surplus on the Community market, and thus was not contested by the applicant. That being so, equilibrium could only be restored by reducing the production quota of Community producers.
66In the present case it should also be pointed out that the Council, in adopting Decision 97/803, exercised its discretion with regard to the choice of the most appropriate measure for preventing disruption of the Community market for sugar (order of 2 March 1998 in Case T-310/97 R Government of the Netherlands Antilles v Council [1998] ECR II-455, paragraph 64).
67In order to ensure that the President of the Court does not interfere with that discretion in granting suspension of the operation of the contested decision implementing the provisions of Article 108b of the OCT decision, the applicant's request can be granted only if the urgency of the measures sought appears undeniable (order of 21 March 1997 in Case T-179/96 R Antonissen v Council and Commission [1997] ECR II-425, paragraph 22, and the order in Government of the Netherlands Antilles v Council, cited above, paragraph 65).
68That is not, at first sight, the situation here.
69The damage alleged by the applicant is purely financial.
70As was found in the separate order made today on an application for interim measures in Case T-43/98 R Emesa Sugar v Council [1998] ECR II-3055, paragraphs 64 to 70, the damage alleged by the applicant can in principle be quantified and can be later made good if the applicant is successful in the main proceedings.
71It is clear from the case-law that purely financial damage cannot, save in exceptional circumstances, be regarded as irreparable since it can be made good by pecuniary compensation (see the order of 18 October 1991 in Case C-213/91 K Abertal and Others v Commission [1991] EÇR I-5109, paragraph 24).
72In reply to a question put to it by the President of the Court at the hearing, the applicant confirmed, moreover, that the problems connected with the possible resumption of sugar production are purely of a practical nature.
73However, the applicant added that there could be a legal problem in that connection, that is to say, a possible decision by the Council to change the relevant legal framework when it reviews its OCT decision, which will cease to apply on 1 March 2000 at the latest.
74However, as this is merely a hypothesis based on uncertain future events, it cannot justify the grant of interim measures at the present moment.
75It has been consistently held that the existence of exceptional circumstances referred to in paragraph 71 above may be found where it appears that, without the interim measure sought, the party concerned would be exposed to a situation liable to endanger its very existence or to alter its market share irreversibly (order of 7 November 1995 in Case T-168/95 R Eridania and Others v Council [1995] ECR II-2817, paragraph 42).
76With regard to the economic survival of the undertaking, the applicant merely states that the implementation of the contested decision, of Decision 97/803 and of the implementing regulation has led to the immediate cessation of trading and the complete closure of its undertaking. According to the applicant, the employees have already left the factory and the machines have been ‘mothballed’, while the supply and sales contracts have been provisionally suspended.
77The applicant states that it runs the risk of having to file a statement of its affairs and that, if the application for interim measures is dismissed, it may be adjudged insolvent within weeks of the order dismissing the application.
78However, the applicant has adduced no evidence to substantiate the last-mentioned assertion. Neither the documents in the file nor the numerous documents submitted scarcely one week before the hearing — which were rejected as no reason was given for their belated submission — contain sufficient information on the applicant's assets and liabilities to enable the President of the Court to assess its financial situation and to decide whether there are serious grounds for believing that, without interim measures, the applicant cannot survive until the Court gives judgment in the main proceedings.
79Furthermore, the applicant has furnished no information on the profitability of its undertaking and, in particular, has not shown what annual quantity of sugar would be absolutely necessary to ensure its survival until the outcome of the main proceedings. The statement in its pleadings that it must be able to export 34000 tonnes of sugar a year to remain viable is merely an unproven assertion and therefore no conclusions can be drawn from it.
80It follows that the applicant has not discharged the burden, which falls on it, of proving that it is threatened with insolvency.
81In any event, even assuming that the applicant were put into compulsory liquidation before the Court gives judgment in the main proceedings, it must be said that, in the present case, the forced dissolution of the company and, consequently, the forced realisation of its assets can only lead, in relation to its present situation, to additional damage of a purely financial nature for which reparation may be obtained later.
82As the applicant has itself stated, the implementation of the contested decision has already led to the temporary cessation of trading and the closure of its undertaking, resulting in the technical redundancy of its employees (see paragraph 76 above). In those circumstances, the forced dissolution of the applicant would not entail the same social and economic consequences as the closure of an undertaking still operating on the market, consequences which the grant of interim measures is designed to prevent.
83In view of the very special circumstances of this case, the President of the Court considers, having regard to the case-law cited in paragraph 71, that even the threat of insolvency, assuming it to be established, would not justify suspension of the operation of the decision.
84As regards the alleged risk of an irreversible change in its market share, it is sufficient to observe that the applicant has put forward nothing to suggest that, if the contested decision were annulled, it would be unable to find new outlets in the Community and to recover its market share there.
85It follows that the applicant has not shown that it risks suffering serious and irreparable damage.
86The requirement of urgency has therefore not been satisfied in the present case.
87The application for interim measures must therefore be dismissed and it is unnecessary to examine the other pleas and arguments put forward by the applicant in order to justify suspension of the operation of the contested decision.
88Finally, for the same reasons as those set out above, the application for an order restraining the Commission from applying Article 108b of the OCT decision and the implementing regulation must also be dismissed.