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AGREEMENT

in the form of an Exchange of Letters on the extension of the Protocol annexed to the Agreement between the European Economic Community and the Democratic Republic of Sao Tomé and Principe on fishing off the coast of Sao Tomé and Principe

A. Letter from the Community

Brussels, . . . . . .

Sir,

I have the honour to confirm that we have agreed on the following interim arrangements to ensure the continued application of the Agreement on fishing between the Government of the Democratic Republic of Sao Tomé and Principe and the European Economic Community pending the conclusion of the negotiations on the amendments to be agreed to the Protocol annexed to the Agreement on fishing.

1. The arrangements applicable during the last three years shall be extended from 31 August 1986 for a period of two months.

The compensation to be paid by the Community under the interim arrangements shall correspond pro rata temporis to that provided for in Article 2 of the current Protocol.

2. Licences shall be granted during the interim period within the limits fixed in Article 1 of the current Protocol.

3. The rights and obligations that derive from the Agreement on fishing between the Government of the Democratic Republic of Sao Tomé and Principe and the Portuguese Republic, which the Community is responsible for managing as from 1 January 1986, shall not be affected by this interim extension.

I should be obliged if you would acknowledge receipt of this letter and indicate your agreement on its contents.

Please accept, Sir, the assurance of my highest consideration.

On behalf of

the Council of the European Communities

B. Letter from the Democratic Republic of Sao Tomé and Principe

Brussels, . . . . . .

Sir,

I have the honour to acknowledge receipt of your letter of today's date, which reads as follows:

'I have the honour to confirm that we have agreed on the following interim arrangements to ensure the continued application of the Agreement on fishing between the Government of the Democratic Republic of Sao Tomé and Principe and the European Economic Community pending the conclusion of the negotiations on the amendments to be agreed to the Protocol annexed to the Agreement on fishing.

1. The arrangements applicable during the last three years shall be extended from 31 August 1986 for a period of two months.

The compensation to be paid by the Community under the interim arrangements shall correspond pro rata temporis to that provided for in Article 2 of the current Protocol.

2. Licences shall be granted during the interim period within the limits fixed in Article 1 of the current Protocol.

3. The rights and obligations that derive from the Agreement on fishing between the Government of the Democratic Republic of Sao Tomé and Principe and the Portuguese Republic, which the Community is responsible for managing as from 1 January 1986, shall not be affected by this interim extension.

I should be obliged if you would acknowlege receipt of this letter and indicate your agreement on its contents.'

I have the honour to confirm that the contents of your letter are acceptable to the Government of the Democratic Republic of Sao Tomé and Principe and that your letter and this letter constitute an Agreement in accordance with your proposal.

Please accept, Sir, the assurance of my highest consideration.

For the Government

of the Democratic Republic

of Sao Tomé and Principe