Financial contribution
Article 7
1. The EU shall grant Solomon Islands a financial contribution in accordance with the terms and conditions laid down in the Protocol and Annexes. This single contribution shall be based on two elements, namely: (a) access by EU vessels to the Solomon Islands fishing zone and fishery resources, and (b) EU financial support for implementing a national fisheries policy based on responsible fishing and on the sustainable exploitation of fishery resources in Solomon Islands waters. 2. The element of the financial contribution referred to in paragraph 1(b) above shall be determined in the light of objectives identified by mutual agreement between the Parties in accordance with the Protocol, to be achieved in the context of the sectoral fisheries policy drawn up by the Solomon Islands authorities and an annual and multiannual programme for its implementation. 3. The financial contribution granted by the EU shall be paid each year in accordance with the Protocol and subject to this Agreement and the Protocol in the event of any change to the amount of the contribution as a result of: (a) unusual circumstances; (b) a reduction in the fishing opportunities granted to EU vessels, made by mutual agreement for the purposes of managing the stocks concerned, where this is considered necessary for the conservation and sustainable exploitation of resources on the basis of the best available scientific advice; (c) an increase in the fishing opportunities granted to EU vessels, made by mutual agreement between the Parties where the best available scientific advice concurs that the state of resources so permits; (d) a joint reassessment of the terms of financial support for implementing a sectoral fisheries policy in Solomon Islands, where this is warranted by the results of the annual and multiannual programming observed by both Parties; (e) suspension of the application of this Agreement under Article 13; (f) termination of this Agreement under Article 14.