1)

As from 16 November 2020 or any other subsequent date from the signing of this exchange of letters, the arrangements in force during the final year of the Protocol will be renewed under the same conditions for a maximum period of one year.

2)

The Union’s financial contribution for vessels to have access to Mauritanian waters under the extension will correspond to the annual amount provided for under Article 2 of the Protocol, as amended by the Joint Committee on 15 and 16 November 2016 (2). That payment will be made in a single instalment, no later than three months from the date of provisional application of this exchange of letters.

3)

Under this extension agreement, sectoral support amounts to EUR 4,125 million. The Joint Committee provided for under Article 10 of the Fisheries Partnership Agreement will approve the programming for this amount according to the provisions set out in Article 3(1) of the Protocol no later than two months from the date of application of this exchange of letters. The conditions referred to in Article 3 of the Protocol relating to the implementation and payment of sectoral support will apply mutatis mutandis.

4)

In the event that the negotiations to renew the Partnership Agreement and its Protocol result in these being signed and subsequently entering into force prior to the expiry of the one-year period provided for under point 1, payment of the financial contribution referred to in points 2 and 3 will be reduced pro rata temporis. The corresponding amount already paid will be deducted from the first financial contribution due under the new protocol.

5)

During the application period of this extension agreement, fishing licences will be allocated within the limits set under the Protocol, by means of fees or advances corresponding to those set in Appendix 1 of Annex 1 to the Protocol.

6)

This exchange of letters will apply provisionally as from 16 November 2020, or any other subsequent date from its signing, pending its entry into force. It will enter into force on the date on which the Parties notify each other that they have completed the necessary procedures for that purpose.

1)

As from 16 November 2020 or any other subsequent date from the signing of this exchange of letters, the arrangements in force during the final year of the Protocol will be renewed under the same conditions for a maximum period of one year.

2)

The Union’s financial contribution for vessels to have access to Mauritanian waters under the extension will correspond to the annual amount provided for under Article 2 of the Protocol, as amended by the Joint Committee on 15 and 16 November 2016 (4). That payment will be made in a single instalment, no later than three months from the date of provisional application of this exchange of letters.

3)

Under this extension agreement, sectoral support amounts to EUR 4,125 million. The Joint Committee provided for under Article 10 of the Fisheries Partnership Agreement will approve the programming for this amount according to the provisions set out in Article 3(1) of the Protocol no later than two months from the date of application of this exchange of letters. The conditions referred to in Article 3 of the Protocol relating to the implementation and payment of sectoral support will apply mutatis mutandis.

4)

In the event that the negotiations to renew the Partnership Agreement and its Protocol result in these being signed and subsequently entering into force prior to the expiry of the one-year period provided for under point 1, payment of the financial contribution referred to in points 2 and 3 will be reduced pro rata temporis. The corresponding amount already paid will be deducted from the first financial contribution due under the new protocol.

5)

During the application period of this extension agreement, fishing licences will be allocated within the limits set under the Protocol, by means of fees or advances corresponding to those set in Appendix 1 of Annex 1 to the Protocol.

6)

This exchange of letters will apply provisionally as from 16 November 2020, or any other subsequent date from its signing, pending its entry into force. It will enter into force on the date on which the Parties notify each other that they have completed the necessary procedures for that purpose.’.