Protocol setting out the fishing opportunities and financial compensation provided for in the Agreement between the European Economic Community and the Republic of Madagascar on fishing off Madagascar for the period from 21 May 1998 to 20 May 2001.

The Protocol sets out the fishing opportunities and financial compensation of the European Communities in waters of Madagascar. Pursuant to Article 2 of the Agreement, licences shall be granted to 45 freezer tuna seiners and 30 surface longliners for a period of three years beginning on 21 May 1998. The amount of the contribution (art. 7) shall be fixed at ECU 304 000. The Community shall contribute to financing the measures such as scientific and development programmes. In Annex I are indicated the conditions for application and issue of the licences. The European Commission shall present to the Malagasy authorities a licence application completed by the shipowner. Licences shall be valid for one year, renewable. The fee shall be ECU 20 per tonne caught. Vessels authorized to fish in Madagascar's fishing zone under the Agreement shall notify their catch. Community vessels shall have access to all waters under Madagascar's jurisdiction outside the coastal zone of 10 nautical miles. (6 articles and 1 Annex)