EC/Guinea fisheries agreement: protocol for the period from 1st January 2000 to 31 December 2001

PURPOSE : to adopt the conclusion of the new Protocol to the Fisheries Agreement between the European Community and Guinea for the period 1 January 2000 to 31 December 2001. CONTENT : The new Protocol setting out the fishing rights and the financial contribution provided for was initialled on 17 December 1999. The fishing rights set out in the Protocol relate to fin-fish/cephalopods, shrimps, tuna seinars, pole and line tuna vessels and surface longliners, and are allocated as between Spain, Italy, Greece, Portugal and France. If licence applications between those Member States do not exhaust the fishing rights set out in the Protocol, the Commission may consider licence applications from other Member States. The financial compensation is fixed at EUR 2 960 000 per year (EUR 1 600 000 as financial compensation and EUR 1 360 000 for other measures provided for in the Protocol. These measures include scientific and technical programmes to improve knowledge of fishery and biological resources in Guinea's fishing zone, support for fisheries surveillance bodies, aid for non-industrial fishing and institutional aid for the Fisheries Ministry. With regard o the financial compensation, the government of Guinea has full discretion regarding the use to which financial compensation is put. In addition, Guinea undertakes to implement a plan to reduce its overall fishing effort. The Community undertakes to pay a financial contribution to the costs incurred in the management and monitoring required to implement that reduction, not exceeding EUR 370 000 per year, provided that the conditions agreed are jointly met.�