Sao Tome wants partnerships with EU companies in the fishing sector

6 March 2006

Sao Tome, Sao Tome and Principe, 06 March – The Sao Tome and Principe government wants to set up partnerships between local and European Union (EU) companies for the supervision and exploration of fishing resources, as part of the new bilateral agreement between the archipelago and the EU, Economy Minister Gaudêncio Costa said.

According to Costa, quoted Monday in the local press, another objective for the negotiations to revise the fishing agreement, which began at the end of last week in Sao Tome, is an increase in technical cooperation in supervising the archipelago’s exclusive economic area, namely by setting up vigilance systems.

Harm Koster, head of the EU delegation said he was optimistic about the result of the negotiations and the efforts being made by the EU for Sao Tome to benefit from the next funding from the European Development Fund.

In 1984 the two parties signed their first fishing agreement, which has been revised yearly since then.
Last year Sao Tome received around 800,000 euros from the agreement, which allows fishing boats from EU member states into Cape Verde’s waters. (macauhub)