Council Regulation (EC) No 445/2001 of 26 February 2001 on the conclusion of the Protocol setting out the fishing rights and financial contribution provided for in the Agreement between the European Economic Community and the Government of the Republic of Guinea on fishing off the Guinean coast for the period 1 January 2000 to 31 December 2001

Council Regulation (EC) No 445/2001
of 26 February 2001
on the conclusion of the Protocol setting out the fishing rights and financial contribution provided for in the Agreement between the European Economic Community and the Government of the Republic of Guinea on fishing off the Guinean coast for the period 1 January 2000 to 31 December 2001
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 37, in conjunction with Article 300(2) and the first subparagraph of Article 300(3) thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament(1),
Whereas:
(1) Pursuant to the Agreement between the European Economic Community and the Government of the Republic of Guinea on fishing off the Guinean coast(2), the two Parties have conducted negotiations to determine any amendments or additions to be made to the Agreement at the end of the period of application of the Protocol annexed thereto.
(2) As a result of those negotiations, a new Protocol setting out the fishing rights and the financial contribution provided for in the abovementioned Agreement for the period 1 January 2000 to 31 December 2001 was initialled on 17 December 1999.
(3) It is in the Community's interest to approve the Protocol.
(4) The method of allocating the fishing rights among the Member States should be defined on the basis of the traditional allocation of fishing rights under the Fisheries Agreement,