THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Parliament1,

Whereas the Community has participated in negotiations for a new International Fisheries Convention for the Northwest Atlantic area;

Whereas the Convention on Future Multilateral Cooperation in the Northwest Atlantic Fisheries signed on 24 October 1978 should be concluded by the Community,

HAS ADOPTED THIS REGULATION: