27.12.2007 Official Journal of the European Union L 3421 (Acts adopted under the EC Treaty/Euratom Treaty whose publication is not obligatory) DECISIONS COUNCIL COUNCIL DECISION of 4 December 2007 concerning the conclusion of the Agreement in the form of an Exchange of Letters on the provisional application of the Protocol setting out the fishing opportunities and financial contribution provided for in the Fisheries Partnership Agreement between the European Community and the Republic of Guinea-Bissau for the period 16 June 2007 to 15 June 2011 (2007/854/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Commu- nity, and in particular Article 300(2) thereof, Having regard to the proposal from the Commission, Whereas: (1)  The Community has negotiated with the Republic of Guinea-Bissau a new Fisheries Partnership Agreement pro- viding Community vessels with fishing opportunities in the waters over which Guinea-Bissau has sovereignty or jurisdiction in respect of fisheries. (2)  As a result of those negotiations, a Fisheries Partnership Agreement was initialled on 23 May 2007. (3)  The existing Fisheries Agreement between the European Community and the Government of the Republic of Guinea-Bissau is repealed by the new Fisheries Partnership Agreement. (4 In order to guarantee the continuation of fishing activities by Community vessels, it is essential that the new Fisheries Partnership Agreement should be applied as quickly as possible. Both parties have therefore initialled an Agree- ment in the form of an Exchange of Letters on the provi- sional application of the Protocol attached to the new Fisheries Partnership Agreement from 16 June 2007. (5) It is in the Community’s interest to approve the Agreement in the form of an Exchange of Letters. (6)  The method for allocating the fishing opportunities among the Member States should be defined, HAS DECIDED AS FOLLOWS: Article 1 The Agreement in the form of an Exchange of Letters on the pro- visional application of the Protocol setting out the fishing oppor- tunities and financial contribution provided for in the Fisheries Partnership Agreement between the European Community and the Republic of Guinea-Bissau for the period 16 June 2007 to 15 June 2011 is hereby approved on behalf of the Commu- nity, subject to the Council Decision on its conclusion. The texts of the Agreement in the form of an Exchange of Letters, the Fisheries Partnership Agreement, its Protocol and the Annexes thereto are attached to this Decision.