94/562/EC: Council Decision of 25 July 1994 concerning the signing by the European Community of the Agreement relating to the implementation of Part XI of the 1982 United Nations Convention on the Law of the Sea and the provisional application by the Community of that Agreement and of Part XI of the Convention

COUNCIL DECISION of 25 July 1994 concerning the signing by the European Community of the Agreement relating to the implementation of Part XI of the 1982 United Nations Convention on the Law of the Sea and the provisional application by the  Community of that Agreement and of Part XI of the Convention (94/562/EC)
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 113 thereof in conjunction with the first sentence of Article 228 (2),
Having regard to the proposal from the Commission,
Whereas the Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea stemming from the informal consultations held by the United Nations Secretary-General has made the United Nations Convention on the  Law of the Sea universally acceptable;
Whereas the European Community, in accordance with its Declaration on competence deposited at the moment of its signature of the United Nations Convention on the Law of the Sea on 7 December 1984 enjoys competence, with regard to the provisions of Part  XI, in matters of commercial policy, including the control of unfair economic practices;
Whereas the Member States, as far as their competence is concerned, have made clear their intention to sign and, to the extent that it is possible for them to do so, provisionally apply the abovementioned Agreement and Part XI of the abovementioned  Convention as modified by that Agreement;
Whereas, in accordance with Article 3 of the Agreement, the European Community may sign the abovementioned Agreement if a majority of its Member States are signatories,