17. 1. 98 Official Journal of the European Communities L 11/29 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 18 December 1997 on the conclusion of the Agreement in the form of an Exchange of Letters concerning the provisional application of the Protocol establishing, for the period 1 July 1997 to 30 June 2000, 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 (98/70/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, Having regard to the Agreement between the European Economic Community and the Government of the Re- public of Equatorial Guinea on fishing off the coast of Equatorial Guinea ('), and in particular Article 12 thereof, Having regard to the proposal from the Commission, Whereas the Community and the Republic of Equatorial Guinea held negotiations to determine the amendments or additions to be made to the abovementioned Agree- ment on the expiry of the application period of the Protocol thereto; Whereas, as a result of those negotiations, a new Protocol was initialled on 25 June 1997, Whereas the Protocol provides Community fishermen with fishing opportunities in waters over which the Re- public of Equatorial Guinea has sovereignty or jurisdic- tion from 1 July 1997 to 30 June 2000; Whereas, in order to avoid any longer interruption in the tishing activities of Community vessels, it is essential that the new Protocol be applied as soon as possible; whereas, () OJ L 188, 16. 7. 1984, p. 2. Agreement as amended by the Agreement approved by Regulation (EEC) No 252/87 (O] L 29, 30. 1. 1987, p. 1). for this reason, the two Parties have initialled an Agree- ment in the form of an exchange of letters providing for the provisional application of the initialled Protocol from 1 July 1997; whereas that Agreement should be approved, pending a final decision to be taken on the basis of Article 43 of the Treaty, HAS DECIDED AS FOLLOWS: Article 1 The Agreement in the form of an exchange of letters concerning the provisional application of the Protocol establishing, for the period 1 July 1997 to 30 June 2000, 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 Agreement in the form of an exchange of letters is attached to this Decision (3. Article 2 The fishing possibilities provided for in the Protocol shall be allocated among the Member States as follows: (®) See page 31 of this Official Journal.