7..8.90 Official Journal of the European Communities No L 208/41 COUNCIL DECISION of 27 July 1990 on the conclusion of the Agreement in the form of an Exchange of Letters on the provisional application of the Protocol establishing, for the period from 3 May 1990 to 2 May 1992, the fishing oppertunities and financial compensation provided for in the Agreement between the European Economic Community and the Government of the People’s Republic of Angola on fishing off Angola (90/409/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Agreement between the European - Economic. Community and the Government of the - People’s Republic of Angola on fishing off Angola, signed in Luanda on 1 February..1989 ('), Having regard to the proposal from the Commission, Whereas the Community and the People’s Republic of Angola held negotiations to determine the amendments or additions to be made to the abovementioned Agree- ment on the expiry of the application period of the second Protocol to the Agreement and currently in force ; Whereas, as a result of those negotiations, a new Protocol was initialled on 4 April 1990 ; Whereas the Protocol provides Community fishermen with fishing opportunities in waters over. which the People’s Republic of Angola has sovereignty from 3 May 1990 to 2 May 1992; Whereas, in order to avoid any interruption in the fishing activities of Community vessels, the new Protocol should be applied as soon as possible ; whereas for this reason the - two Parties have initialled an Agreement in the form of - an - Exchange of Letters providing for the- provisional application . of the- initialled Protocol from the day fol- lowing that on which .the Protocol currently.in force expires ; whereas that Agreement should be approved, () OJ No L 341, 3. 12. 1987, p. 1. pending a final decision to be taken on:the basis of - Article 43 -of the Treaty, HAS DECIDED AS FOLLOWS: Article 1 The Agreement in the form of an Exchange of Letters on the provisional application of the Protocol establishing, for the period from 3 May 1990 to 2 May 1992, the fishing opportunities and financial compensation provided for in the Agreement between the European Economic Community and the Government of the People’s Republic of Angola on fishing off Angola is hereby approved on behalf of the” Community. The text of the Agreement is attached to this Decision. Article 2 The President of the Council is hereby authorized to designate the persons empowered to sign the Agreement in the form of an Exchange of Letters in order to bind the Community. Done. at Brussels, 27 July 1990. For. the Council The President E. RUBBI