18.3.2008 Official Journal of the European Union L 75/51 COUNCIL REGULATION (EC) No 242/2008 of 17 March 2008 on the conclusion of the Fisheries Partnership Agreement between the European Community and the Republic of Cote d’Ivoire THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 37 in conjunction with Article 300(2) and the first subparagraph of Article 300(3) thereof, Having regard to the proposal from the Commission, Having regard to the Opinion of the European Parliament (%), Whereas: (1) The Community has negotiated with Cote d'Ivoire a Fisheries Partnership Agreement providing Community vessels with fishing opportunities in the waters over which Coéte d'Ivoire has sovereignty or jurisdiction in respect of fisheries. (2)  As a result of those negotiations, a new Fisheries Part- nership Agreement was initialled on 5 April 2007. (3) It is in the Community’s interest to approve that Agreement. (4)  The method for allocating the fishing opportunities among the Member States should be defined, HAS ADOPTED THIS REGULATION: Article 1 The Fisheries Partnership Agreement between the European Community and the Republic of Céte d’Ivoire (3) is hereby approved on behalf of the Community. (') Opinion of 11 March 2008 (not yet published in the Official Journal). () O] L 48, 22.2.2008, p. 41. Article 2 The fishing opportunities set out in the Protocol to the Agreement shall be allocated among the Member States as follows: — 25 purse seiners: France: 10 vessels Spain: 15 vessels — 15 surface longliners: Spain: 10 vessels Portugal: 5 vessels. If licence applications from these Member States do not cover all the fishing opportunities laid down by the Protocol, the Commission may take into consideration licence applications from any other Member State. Article 3 The Member States whose vessels fish under the Agreement referred to in Article 1 shall notify the Commission of the quantities of each stock caught within Cote dIvoire’s fishing zone in accordance with Commission Regulation (EC) No 500/2001 of 14 March 2001 laying down detailed rules for the application of Council Regulation (EEC) No 284793 on the monitoring of catches taken by Community fishing vessels in third country waters and on the high seas (). Article 4 The President of the Council is hereby authorised to designate the person(s) empowered to sign the Agreement in order to bind the Community. Article 5 This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Union. () O] L 73, 15.3.2001, p. 8.