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Article 7 Suspension and review of the payment of the financial contribution in the event of unusual circumstances

Original text. Later amendments are not shown.

1.

The European Union may suspend the payment of the financial contribution and the specific contribution provided for in Article 2 of this Protocol, if:

(a)

unusual circumstances, other than natural phenomena, occur which prevent fishing activities in the exclusive economic zone (EEZ) of Guinea-Bissau; or

(b)

the European Union notes that there has been a violation in Guinea-Bissau of the essential and fundamental elements of human rights and democratic principles as provided for in Article 9 of the Cotonou Agreement.

The suspension decision shall be taken following consultations between the two Parties within a period of 2 months following the request of one of the Parties, and provided that the European Union has paid in full any amounts due at the time of suspension.

2.

Payment of the financial contribution and of the specific contribution referred to in Article 2 of this Protocol shall resume as soon as the Parties find, by mutual agreement following consultations, that the circumstances preventing fishing activities are no longer present and/or that the situation allows a resumption of fishing activities.

3.

The fishing authorisations granted to EU vessels may be suspended at the same time as the suspension of the payment of the financial contribution under Article 2. If resumed, the validity of these fishing authorisations shall be extended for a period equal to the period of suspension of fishing activities.