Council Regulation (EC) No 2127/98 of 1 October 1998 relating to the conclusion of the Protocol setting out, for the period 28 February 1998 to 27 February 2001, the fishing opportunities and financial contribution provided for in the Agreement between the European Economic Community and the Islamic Federal Republic of the Comoros on fishing off the Comoros

COUNCIL REGULATION (EC) No 2127/98 of 1 October 1998 relating to the conclusion of the Protocol setting out, for the period 28 February 1998 to 27 February 2001, the fishing opportunities and financial contribution provided for in the Agreement between the European Economic Community and the Islamic Federal Republic of the Comoros on fishing off the Comoros
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 43, in conjunction with Article 228(2), first sentence, and (3), first subparagraph thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament (1),
Whereas, pursuant to the Agreement between the European Economic Community and the Islamic Federal Republic of the Comoros on fishing off the Comoros (2), the two Parties conducted negotiations to determine the amendments or additions to be made to the Agreement at the end of the period of application of the Protocol to the Agreement;
Whereas, as a result of these negotiations, a new Protocol establishing the fishing opportunities and financial compensation provided for in the abovementioned Agreement for the period from 28 February 1998 to 27 February 2001 was initialled on 27 February 1998;
Whereas it is in the Community's interest to approve the said Protocol;
Whereas the method for allocating the fishing opportunities among the Member States should be defined on the basis of the traditional allocation of fishing opportunities under the fisheries agreement,