Agreement between the European Economic Community and the Republic of Seychelles on fishing off Seychelles.

The Agreement regulates the fishing activities of vessels flying the flags of Member States of the Community in the Seychelles' waters. The exercise of fishing activities by Community vessels is subject to the issue of a fishing licence by the authorities of Seychelles at the Community's request, according to the procedure specified in Annex I. The issue of the licence shall be subject to the payment of the fees by the shipowners concerned. As established in article 5, the Parties undertake to coordinate action to ensure the management and conservation of the living resources in the Indian Ocean, with particular respect to highly migratory species. In return for the fishing opportunities accorded under the present Agreement, the Community shall pay a financial contribution to Seychelles, according with the provisions of articles 2 and 3 of the Protocol attached. The Agreement is completed by the following Annexes: (I) Conditions for the pursuit of fishing activities by Community vessels in Seychelles' waters (which includes a specimen of the application form for a foreign fishing vessel licence); (II) Dispute settlement; (III) Zones where fishing by foreign vessels is prohibited.