COUNCIL REGULATION (EEC) N° 1236/90
of 25 April 1990
on the conclusion of  the Protocol establishing for the period 27 June 1989 to 26 June 1992 the fishing rights and  financial compensation provided for in the Agreement between the European Economic Community and  the Government of the Republic of Equatorial Guinea on fishing off the coast of Equatorial  Guinea
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article  43 thereof,
Having regard to the Act of Accession of Spain and Portugal, and in particular Article 155 (2) (b)  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 Government of  the Republic of Equatorial Guinea on fishing off the coast of Equatorial Guinea, signed in Malabo  on 15 June 1984 (2), as amended by the Agreement signed in Brussels on 4 November 1987 (3), 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;
Whereas, as a result of these negotiations, a new Protocol establishing the fishing rights and  financial compensation provided for in the abovementioned Agreement for the period 27 June 1989 to  26 June 1992 was initialled on 2 June 1989;
Whereas, pursuant to Article 155 (2) (b) of the Act of Accession, it is for the Council to  determine the procedures appropriate to take into consideration all or part of the interests of the  Canary Islands when it adopts decisions, case by case, particularly with a view to the conclusion  of fisheries agreements with third countries; whereas the case in point calls for the said  procedures to be determined;
Whereas it is in the Community's interest to approve the Protocol,
The Protocol establishing, for the period 27 June 1989 to 26 June  1992, the fishing rights and financial compensation provided for in the Agreement between the  European Economic Community and the Government of the Republic of Equatorial Guinea on fishing off  the coast of Equatorial Guinea is hereby approved on behalf of the Community.
The text of the Protocol is attached to this Regulation.
With a view to taking into consideration the interests of the Canary Islands, the  Protocol referred to in Article 1 and, in so far as is necessary for its application, the  provisions of the common fisheries policy relating to the conservation and management of fishery  resources shall also apply to vessels sailing under the flag of Spain, which are recorded on a  permanent basis in the registers of the relevant authorities at local level ('registros de base`)  in the Canary Islands, under the conditions specified in Note 6 to Annex I to Council Regulation  (EEC) No 570/86 of 24 February 1986 concerning the definition of the concept of 'originating  products` and methods of administrative cooperation in trade between the customs territory of the  Community, Ceuta and Melilla and the Canary Islands (4).
The President of the Council is hereby authorized to designate the persons empowered to  sign the Protocol in order to bind the Community.
This Regulation shall enter into force on the third day following its publication in  the Offical Journal of the European Communities.
This Regulation shall be binding in its entirety and directly applicable in all  Member States.