The European Court of Justice has overturned the validity of the 2019 Sustainable Fisheries Partnership Agreement (SFPA) between the EU and Morocco.…
Tag:
eu
-
-
EUNewsTrade and Markets
Belgium: EU Member Countries disagree on enforcement of EU ban on Russian seafood
Many Russian products continue to be imported into the EU, including many fish and seafood products,… -
Macroalgae aquaculture needs to be expanded This article was featured in Eurofish Magazine 3 2024 Many macroalgae (seaweed) and some of their constituent parts are edible.…
-
The “blue economy” is a vast component of the world’s economy, comprising production, consumption, and employment in every sector related to the sea,…
-
After five years of discussions, the European Parliament and the European Council have agreed on and formally approved a deal in which rules on monitoring and control of fishing activities,…
-
International fishing of shared or cross-boundary stocks has been one of the areas of unfinished business in Brexit,…
-
The report offers several solutions that make the EU goals for a climate neutral fishing fleet by 2050 realistically attainable.…
-
FisheriesNetherlandsNews
Netherlands: Low self-sufficiency in fishery and aquaculture products adds to EU’s seafood costs
This impressive paella chart holds 65% of seafood imported from outside the EU. The EU imports 65% of the seafood it consumes,… -
Greenland concluded negotiations with the EU for a new Sustainable Fisheries Partnership Agreement (SFPA) that will strengthen cooperation between the two partners for the next four years with the possibility of a two-year extension. The agreement is an important milestone in the long-standing bilateral cooperation between the two in fisheries and renews the commitment to promoting the sustainable use of marine resources. Financially, this is the third most important agreement in place for the EU and will allow the EU fleet (12 large-scale trawlers) to continue fishing in Greenland waters for at least the next 4 years while continuing to contribute to the development of the fisheries sector in Greenland.
-
The latest Annual Economic Report on the EU Fishing Fleet has been released showing a profitable fishing fleet in 2020, despite the effects of COVID-19. In 2008, the EU fishing fleet was barely breaking even and ten years later it registered a net profit of EUR 800 million. This significant progress was the result of higher average fish prices, lower fuel costs, and improved stocks of important species. This trend continued into 2019. The COVID-19 outbreak in 2020 interrupted the trend with estimates suggesting that the economic performance of the EU fleets decreased by 17% in landed value, 19% in employment and 29% in net profits compared to 2019. Despite the impact of COVID-19, projections indicate that the EU fleet is resilient and would end 2020 with a reasonable level of profitability as a result of the efforts made by the sector in the previous years. This includes fishing to the maximum sustainability yield combined with low fuel prices.
