Article 1 
The Partnership Agreement between the European Community and the Federated States of Micronesia on fishing in the Federated States of Micronesia (hereinafter referred to as the Agreement) is hereby approved on behalf of the Community. The text of the Agreement is attached to this Regulation.
Article 2 
The fishing opportunities set out in the Protocol to the Agreement shall be allocated to the Member States as follows: — freezer tuna seiners: Spain: 75 % of fishing possibilities available France: 25 % of fishing possibilities available — surface longliners: Spain: 8 vessels Portugal: 4 vessels. If licence applications from these Member States do not cover all the fishing opportunities fixed by the Protocol, the Commission may take into consideration licence applications from any other Member State.
Article 3 
This Regulation shall enter into force on the seventh day after its publication in the Official Journal of the European Union.