Marketing of fishery products: scheme to compensate for extra costs due to remoteness of Azores, Madeira, Canary Islands, Guyana, Réunion; extending the scheme until 31 December 2002

PURPOSE : to compensate certain outermost regions for additional costs in the marketing of fishery products. COMMUNITY MEASURE : Council Regulation 579/2002/EC amending Regulation 1587/98/EC introducing a scheme to compensate for the additional costs incurred in the marketing of certain fishery products from the Azores, Madeira, the Canary Islands and the French departments of Guiana and Reunion as a result of those regions' remoteness. CONTENT : In 1998, the Council adopted a Regulation introducing a scheme to compensate the above-named regions for the additional costs incurred in the marketing of certain fishery products. The scheme expires on 31 December 2001. After carrying out a detailed evaluation, and as part of the debate on the future of the common fisheries policy, the Commission will submit a report on the implementation of the Regulation, together with a new proposal, if appropriate. This regulation provides for the scheme to be extended for one year, to ensure the continuity of the legal framework of the scheme. It also provides that the Commission may adjust the quantities set for the various species to take account of changes in marketing conditions and characteristics. ENTRY INTO FORCE : 12/04/02.�