§ That this House takes note of European Community Document No. 9597/98, two draft Council Regulations establishing agrimonetary arrangements and the transitional arrangements to be applied under the Common Agricultural Policy with a view to the introduction of the euro; and supports the Government's intention to support the proposals which simplify the current agrimonetary arrangements by moving to a system which more closely reflects market realities, reducing the costs to taxpayers, consumers and businesses, and also the scope for distortions of competition whilst respecting UK international obligations without discriminating against those Member States not participating in the euro.