EC/Cape Verde fisheries agreement: protocol for the period from 1st July 2004 to 30 June 2005

PURPOSE : Extension of the fishing Protocol between the EU and Cape Verde. PROPOSED ACT : Council Regulation CONTENT : On 30 June 2004 the Protocol to the Fisheries Agreement between the European Community and the Republic of Cape Verde is due to expire. Following a meeting between the EU and representatives of Cape Verde in October 2003 it was agreed to extend the Protocol by one year starting from 1 July 2004 to 30 June 2005. A subsequent exchange of Letters clarified and set out the technical and financial conditions governing the fishing activities of Community vessels in Cape Verde waters for the period covered. The Commission proposes that the Council adopt the Agreement in the form of an Exchange of Letters extending the Protocol. A proposal for a Council Decision on the provisional application of the Agreement in the form of an Exchange of Letters concerning the extension of the Protocol pending its definitive entry into force will be issued alongside this proposal under a separate procedure. FINANCIAL IMPLICATIONS: - Budget headings: 110301 (ex B78000): "International fisheries agreements"; - Total allocation for action (Part B): EUR 730 000 for commitments/payments; - Period of application: 1 July 2004-30 June 2005; - Overall estimate of expenditure: EUR 763 192.�