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THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Articles 113 and 130y in conjunction with the first sentence of Article 228 (2) and Article 228 (3) thereof,
Having regard to the proposal from the Commission(1),
Having regard to the opinion of the European Parliament(2),
Whereas, pursuant to Article 130 of the Treaty, Community policy in the sphere of development cooperation should foster the sustainable economic and social development of the developing countries, their smooth and gradual integration into the world economy and the campaign against poverty in those countries;
Whereas, as a result of the unification of the Yemen Arab Republic and the People's Democratic Republic of Yemen to form the Republic of Yemen, it is necessary to modify the Cooperation Agreement between the European Economic Community and the Yemen Arab Republic(3);
Whereas negotiations to this effect have been conducted with the Republic of Yemen and have resulted in an Agreement in the form of an exchange of letters which it is in the Community's interests to approve,
HAS DECIDED AS FOLLOWS:
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