AGREEMENT in the form of an exchange of letters concerning the provisional application of the Protocol setting out the fishing opportunities and financial contribution provided for in the Agreement between the European Community and the Islamic Republic of Mauritania of fishing off the coast of Mauritania for the period 1 August 1993 to 31 July 1996

A. Letter from the Islamic Republic of Mauritania

Sir,

With reference to the Protocol initialled on 10 June 1993 setting out the fishing opportunities and financial contribution for the period 1 August 1993 to 31 July 1996, I have the honour to inform you that the Islamic Republic of Mauritania is ready to apply this Protocol on a provisional basis, with effect from 1 August 1993, pending its entry into force in accordance with Article 9 of the said Protocol, provided that the European Community is disposed to do the same.

This is on the understanding that a first instalment equal to one-third of the financial compensation specified in Article 2 of the Protocol is paid by 30 November 1993.

I should be obliged if you would confirm the European Community's agreement to such provisional application.

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

For the

Islamic Republic of Mauritania

B. Letter from the Community

Sir,

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

'With reference to the Protocol initialled on 10 June 1993 setting out the fishing opportunities and financial contribution for the period 1 August 1993 to 31 July 1996, I have the honour to inform you that the Islamic Republic of Mauritania is ready to apply this Protocol on a provisional basis, with effect from 1 August 1993, pending its entry into force in accordance with Article 9 of the said Protocol, provided that the European Community is disposed to do the same.

This is on the understanding that a first instalment equal to one-third of the financial compensation specified in Article 2 of the Protocol is paid by 30 November 1993.

I should be obliged if you would confirm the European Community's agreement to such provisional application.'

I have the honour to confirm the European Community's agreement to this provisional application of the Protocol.

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

On behalf of the Council

of the European Communities