(Consultation procedure)

The European Parliament,

–  having regard to the Commission proposal to the Council (COM(2002) 55),

–  having been consulted by the Council pursuant to Article 37 in conjunction with Article 300(2)(1) of the EC Treaty (C5&nbhy;0093/2002),

–  having regard to Rule 67 and Rule 97(7) of its Rules of Procedure,

–  having regard to the report of the Committee on Fisheries and the opinions of the Committee on Budgets and the Committee on Development and Cooperation (A5&nbhy;0086/2002),

1.  Approves the Commission proposal as amended;

2.  Calls on the Commission to alter its proposal accordingly, pursuant to to Article 250(2) of the EC Treaty;

3.  Calls on the Council to notify Parliament should it intend to depart from the text approved by Parliament;

4.  Asks to be consulted again if the Council intends to amend the Commission proposal substantially;

5.  Instructs its President to forward its position to the Council and Commission.

Text proposed by the Commission   Amendments by Parliament Amendment 1 Recital 3a (new) (3a) It is important to improve the information supplied to the European Parliament and whereas the Commission should draw up a yearly report on the state of implementation of the Agreement; Amendment 2 Article 3a (new) Article 3a During the final year of the Protocol's validity and before any agreement on its renewal is concluded, the Commission shall submit to the European Parliament and the Council a report on the application of the Agreement and the conditions under which it was implemented. This report also includes a cost benefit analysis. Amendment 3 Article 3b (new) Article 3b On the basis of the report mentioned in Article 3a and following consultation of the European Parliament the Council shall, where appropriate, grant the Commission a negotiating mandate with a view to the adoption of a new protocol Amendment 4 Article 3c (new) Article 3c The Commission shall forward to the European Parliament and to the Council a copy of the report on the targeted measures which the authorities of the Seychelles will provide on the basis of Article 3 of the protocol.