No L 363/90 Official Journal of the European Communities 31.12. 94 COUNCIL REGULATION (EC) No 3370/94 . ~ of 20 December 1994 allocating, for 1995, catch quotas between Member States for vessels fishing in Latvian waters THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Com- munity, Having regard'to Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community system for fisheries and aquaculture ('), and in particular Artlcle 84 thereof, Having regard to the proposal from the Commission, Whereas, in accordance with the procedure provided for in the Agreement on fisheries relations between the European Economic Community and the Republic of Latvia (?), andin particular Articles 3 and 6 thereof, the Community as con- stituted on 31 December 1994 and Latvia have held consul- tations concerning their mutual fishing rights for 1995 and the management of common living resources; : Whereas, in accordance with Article 124 of the 1994 Act of " Accession, fisheries agreements concluded by the Kingdom of Sweden with third countries shall be managed by the Com- munity; Whereas, in accordance with the procedure provided for in the agreement on fisheries between the Kingdom of Sweden and the Republic of Latvia of 27 April 1993, Sweden and Latvia have held consultations concerning their mutual fish- ing rights for 1995; Whereas, in accordance with Article 96 of the 1994 Act of Accession, fisheries agreements concluded by the Republic of Finland with third countries shall be managed by the Com- © munity; Whereas, in accordance with the procedure provided for in the agreetnent on fisheries between the Republic of Finland and the Republic of Latvia of 25 October 1993, FInland and Latvia have held consultations concerning their mutual fish- ing rights for 1995. ’ Whereas, in the course of these consultations, the delegations agreed to recommend to their respective authorities that cer- tain catch quotas for 1995 should be fixed for the vessels of the other Party; (1) OJ No L 389, 31. 12. 1992, p. 1. (® OJNolL56,9.3.1993, p. 6. Whereas the necessary measures should be taken to imple- ment, for 1995, the results of the consultations held with Latvia; Whereas to ensure efficient management of the catch possi- bilities available in Latvian waters, they should be allocated among Member States as quotas in accordance with Article 8 of Regulation (EEC) No 3760/92; ‘Whereas the fishing activities covered by this Regulation are subject to the relevant control measures provided for by Council Regulation (EEC) No 2847/93 of 12 October 1993 estabhshmg a control system applicable to the common fish- eries policy (3), HAS ADOPTED THIS REGULATION: Article 1 From 1 January to 31 December 1995, vessels flying the flag of a Member State are hereby authorized to make catches within the quota limits set out ini the Annex in waters falling within the fisheries jurisdiction of Latvia. Article 2 1. The financial contribution provided for inArticle 7 of the Agreement on fisheries relations between the European Eco- nomic Community and Latvia shall be set for the period referred to in Article 1 at ECU 387 455 payable to an account designated by Latvia. 2. The financial contribution provided for in Article 8 of that Agreement shall be set for the period referred to in Article 1 at ECU 39 000 payable to an account designated by Latvia. Article 3 This Regulation shall enter into force on 1 January i995. However, for new Member States the Regulation shall enter into force on the date of Accession. (» OJ No L 261, 20. 10. 1993, p. 1.