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PROTOCOL

between the European Economic Community and the Government of the Republic of Guinea Bissau

THE PARTIES TO THIS PROTOCOL,

Having regard to the Agreement between the European Economic Community and the Government of the Republic of Guinea Bissau on fishing off the coast of Guinea Bissau, signed in Brussels on 27 February 1980,

HAVE AGREED AS FOLLOWS:

Article 1

This Protocol shall cover fishing activities extending over a period of three years from the date of its entry into force in 1983.

The limits referred to in Article 4 shall be as follows for each year of application of this period:

1. Botton trawlers:

7 500 grt. During each year of application, a proportion of this tonnage may be used in such a way that its equivalent, in terms of an annual average, does not exceed 3 500 grt.

2. 25 freezer tuna vessels (900 grt on average).

3. 25 wet pole-and-line tuna vessels (130 grt on average).

Article 2

1. The compensation referred to in Article 9 of the Agreement shall be, for the period referred to in Article 1, 4 275 000 ECU, namely 1 425 000 ECU for each year of application of this Protocol.

2. This compensation shall also cover the sums due for the interim arrangement periods agreed since 1 March 1982.

Article 3

The use to which the compensation provided for in Article 2 is put shall be the sole responsibility of the Government of Guinea Bissau.

Article 4

1. The compensation shall be mobilized in three equal annual instalments.

2. The compensation money shall be paid into an account opened with a financial institution chosen by the Government of Guinea Bissau.

Article 5

The Community shall also, for the period referred to in Article 1, contribute a maximum of 250 000 ECU towards the financing of a Guinea Bissau scientific programme to improve information on the fishery resources within the fishing zone of the Republic of Guinea Bissau.

Article 6

Should the Community fail to make the payments provided for in this Protocol, the Agreement on fishing shall be suspended.

Article 7

This Protocol shall enter into force on the date on which the Parties notify each other of the completion of the procedures necessary for this purpose.