2335

This Agreement shall enter into force on the date on which the Parties notify each other of the completion of the procedures necessary for th is purpose.; The purpose of this Agreement is to establish the principles and rules, which will in future govern the fishing activities of Community vessels, in the waters of Equatorial Guinea. Community vessels may carry out fishing activities in Equatorial Guinea's fishin g zone only if so authorized. Such authorisation shall be subject to payment of the fees and the amount of the fee and the methods of payment are specified in the Annex: the fees provided for in Article 4 of the Agreement and payable by the shipowners are set at 20 ECU per tonne caught in Equatorial Guinea's fishing zone. In return for the fishing opportunities accorded under Article 2, the Community shall participate, in the execution of development projects in Equatorial Guinea.; FAO Descriptors: 110; 105; 035; 020; 107; 014; 003