51994PC0237

Amended proposal for a Council Regulation (EC) establishing a system of compensation for the additional costs incurred in the marketing of certain fishery products from the Azores, Madeira, the Canary Islands and the French Department of Guiana as a result of their very remote location (1) (94/C 199/11) COM(94) 237 final

(Submitted by the Commission pursuant to Article 189A (2) of the EC Treaty on 17 June 1994)

The text of the proposal is hereby amended as follows:

Before the first recital a new recital

Having regard to the current difficulties of the European Union's fisheries sector, which are particularly aggravated by the cost of transporting fisheries products to their markets on account of the remoteness and isolation of the outermost regions of the Community;

Second recital (a) (new)

Having regard to the success of similar initiatives which have already been undertaken;

Article 5

Every three years, commencing on 1 January 1997, the Commission shall present the European Parliament and the Council with a report on the implementation of the measures provided for in this Regulation accompanied, where appropriate, by proposals for any adjustments which might be necessary to achieve the objectives set out in Article 1, in particular the applicaiton of the system to other species.

(1) OJ No C 4, 6. 1. 1994, p. 4.