That will come up later for consideration. This other one states it is agreed to send proposals to the Sub-Committee on Overseas Development for its information. COM (2008) 450/5 is a proposal for a regulation of the European Parliament and the Council establishing a facility for a rapid response to soaring food prices in developing countries. The proposal appears to have no major implications for Ireland and given that the Council and Parliament have supported it in principle, it was agreed that the proposed regulation warranted no further scrutiny; however, the information is provided for the benefit of members.