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Protocol establishing the fishing rights and financial compensation provided for in the agreement between the European Economic Community and the Republic of Cape Verde on fishing off the coast of Cape Verde

Document type
Bilateral
Field of application
Regional/restricted
Date
Jun 29, 1995
Source
FAO, FAOLEX;  IUCN (ID: TRE-152487)
Language
English
Entry into force
Jun 29, 1995
Subject
Fisheries
Keyword
Marine fishes Access right Marine fisheries Fishery management and conservation Migratory species International agreement-text Subsidy/incentive Foreign fishing
Abstract

Pursuant to article 2 of the Agreement, and for a period of three years from 6 September 1994, the Protocol establishes the fishing possibilities to be accorded for (a) highly migratory species; and (b) for other species. The financial compensation shall be ECU 1.063.500, payable in three equal annual instalments. The compensation shall be paid into an account opened with a financial institution or any other body designated by the Cape Verde authorities. Specific provisions regard the compensation to be paid for tuna fishing. The Community shall also contribute during the period referred to in article 1 the sum of ECU 261.900 towards the financing of a Cape Verde scientific or technical programme to improve information on the fishery resources within the exclusive economic zone of Cape Verde. The Protocol is completed by one Annex and three appendices. The Annex establishes the conditions for the exercise of fishing activities by Community vessels in the Cape Verde fishing zone.

Full text
Other  
Website
europa.eu.int

Country/Territory/Participant

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Countries Entry into force
Cabo Verde -
European Union -

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