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Whereas:

(1) Under the Agreement between the European Economic Community and the government of the Democratic Republic of Madagascar on fishing off Madagascar(2), the two Parties conducted negotiations to determine the amendments or additions to be made to the Agreement at the end of the period of application of the Protocol to the Agreement.

(2) As a result of these negotiations, a new Protocol setting out the fishing opportunities and financial contribution provided for in the said Agreement for the period from 21 May 2001 to 20 May 2004 was initialled on 12 March 2001.

(3) The Protocol stipulates that Community vessels fishing under the Agreement will be monitored by satellite under conditions agreed by the Parties. For that purpose, on 17 May 2001, both Parties adopted provisions establishing the method of sending data on satellite monitoring of the position of Community vessels fishing under the Agreement, which entered into force on 21 May 2001.

(4) It is in the Community's interest to approve the said Protocol.

(5) The method of allocating the fishing opportunities among the Member States should be defined on the basis of the traditional allocation of fishing opportunities under the said Agreement, HAS ADOPTED THIS REGULATION: