CELEX: 21980A0227(03)
Language: en
Date: 1980-08-29 00:00:00
Title: Protocol between the European Economic Community and the Government of the Republic of Guinea Bissau

No L 226/42                       Official Journal of the European Communities                      29 . 8 . 80
                                                   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 fisheries off the coast of
          Guinea Bissau, signed on 27 February 1980,
          HAVE AGREED AS FOLLOWS :
                                                     Article 1
          The limits referred to in Article 4 of the abovementioned Agreement shall be set as
          follows for the first two years of application of that Agreement :
           1.   Bottom trawlers :                                                        6 500 grt,
          2.    Freezer tuna boats :                                                   23 300 grt.
                                                     Article 2
          The compensation referred to in Article 9 of the Agreement shall be set for the first
          two years of application of the Agreement at FF 12 800 000.
                                                     Article 3
          1 . The use to which the compensation provided for in Article 2 is put shall be the
          sole responsibility of the Government of Guinea Bissau .
          2 . The Government of Guinea Bissau shall inform the European Economic Commu­
          nity of the programme for the use of the compensation .
                                                     Article 4
           1.  The compensation shall be mobilized in two equal annual instalments .
          2 . The compensation shall be paid into an account opened with a financial institu­
          tion chosen by the Government of Guinea Bissau .
                                                     Article 5
          If the European Economic Community fails to make the payments provided for in
          this Protocol , the Agreement on fisheries shall be suspended .
                                                     Article 6
          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 .