Taking fully into account scientific advice, this new protocol allows access of EU vessels to the waters of Guinea Bissau for several fish species, i.e. tuna, demersal fish, cephalopods, shrimps, as well as a new category, the small pelagic species. In exchange for the fishing rights, the EU will offer a financial contribution of €15.6 million plus an additional contribution from the EU ship-owners. An annual EU contribution of €4 million is earmarked for supporting the sustainable development of fisheries, in particular through measures in favour of monitoring, control and surveillance, reinforcement of export and scientific capacities and the modernisation of small scale fisheries. This protocol will have an important and positive impact on the social and economic development of the country, and will help valorise its natural resources, while contributing to food security.