# Council Decision of 14 November 2011 on the signing, on behalf of the European Union, and the provisional application of the Protocol agreed between the European Union and the Republic of Guinea-Bissau setting out fishing opportunities and the financial contribution provided for in the Fisheries Partnership Agreement between the two parties currently in force (2011/885/EU), Article 10: Economic integration of EU operators in the Guinea-Bissau fisheries sector


1. The Parties undertake to promote the economic integration of EU operators into the fishing industry in Guinea-Bissau as a whole.
2. The Parties undertake to promote the setting up of temporary joint ventures between EU operators and Guinea-Bissau operators with a view to the joint exploitation of fishery resources in the Guinea-Bissau exclusive economic zone (EEZ).
3. ‘Temporary Joint ventures’ means any association set up on the basis of a contractual agreement of limited duration between EU vessel owners and physical or legal persons in Guinea-Bissau for the purpose of jointly fishing for and exploiting Guinea-Bissau fishing quotas using one or more vessels flying the flag of a Member State of the European Union and sharing the cost profits or losses of the economic activity jointly undertaken.
4. Guinea-Bissau shall award the authorisation required to allow temporary joint ventures set up for the exploitation of fishery resources to operate in its fishing zones.
5. EU vessels which have decided to set up temporary joint ventures under the Protocol in force for the fishing categories referred to in points (a) and (b) of Article 1(1) of this Protocol will be exempt from the payment of licence fees. Moreover, from the third year of application of the Protocol, Guinea-Bissau shall make financial support available for setting up such temporary joint ventures. The total amount of such support shall not exceed 20 % of the total amount of fees paid by vessel owners under this Protocol.
6. The Joint Committee shall decide the financial and technical provisions allowing for the implementation of this financial support and the promotion of temporary joint ventures within the framework of this Protocol.

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Source: https://www.legislation.gov.uk/eudn/2011/885/attachment/1/article/10 (the official version)
Page: https://openlegislation.uk/eu-decision-2011-885/attachment-1/article-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.