EC/Guinea fisheries agreement: protocol for the period from 1st January 1996 to 31st December 1997

- OBJECTIVE: Conclusion of a new protocol on fisheries between the Community and the Republic of Guinea laying down the technical and financial conditions for the exercise of fishing activities by Community vessels in Guinean waters for the period from 1 January 1996 to 31 December 1997. - SUBSTANCE: The protocol initialled by both parties on 6 December 1995 provides for the following fishing opportunities: Licences for trawlers (fin fish, cephalopods and shrimp): 5 000 GRT per month, annual average; . licences for 28 freezer tuna seiners; . licences for 7 pole and line tuna vessels; . licences for 7 surface long liners. In return, the Republic of Guinea will receive financial compensation totalling ECU 2 400 000 payable in two annual instalments (ECU 1 150 000 and ECU 1 300 000 respectively), on the understanding that the fishing opportunities for shrimp, fin fish and cephalopod trawlers may be increased at the request of the Community by successive instalments of 1 000 GRT every month, calculated on an annual average basis. In this case, the financial compensation would be increased proportionately. In addition to this financial compensation, the Community will contribute: . ECU 400 000 towards the financing of scientific or technical programmes to develop the fisheries sector; . ECU 250 000 in bursaries to Guinean fishermen to study or undergo practical training in the Community. The Community shall also contribute a total of ECU 900 000 towards the financing of three local programmes (fisheries surveillance, institutional aid for the Ministry for Fisheries, aid for non-industrial fishing). �