The Parties shall seek, without any derogation of their respective sovereign rights, to coordinate and harmonise the management of fisheries with regard to common stocks within the Fisheries Zones (art. I). Parties shall seek a co-ordinated approach to the fishing of common stocks by foreign vessels by implementing measures specified in article II. The Parties shall seek to standardise their respective licensing procedures in particular to adopt uniform measures and procedures relating to licensing of foreign vessels and to explore the possibility of establishing a centralized licensing system (art. III). The Parties shall, where appropriate, cooperate and coordinate monitoring and surveillance of foreign fishing activities (art. VI). Parties shall seek to develop a co-ordinated approach with respect to enforcement (art. VII). Arrangements may be concluded to facilitate the implementation of provisions of this Agreement (art. IX).